6/25/2023 0 Comments Cleanspark earnings date![]() Data recently published by the Minor mag, a research and data portal focused on institutional bitcoin miners placed us first amongst public miners in terms of percentage hashrate growth. In fact, we outpaced all of our peers, every single one of them. No matter the measure, no matter how difficult the quarter we grew, and we are just seeing the majority of the benefits of this growth today and beyond. We also grew our Board, welcoming Amanda Cavaleri, who is an expert in bitcoin policy. The growth in work from those dark winter days has since resulted in our highest bitcoin production ever, last month, which was nearly 700 bitcoin. We added a new mining campus to our portfolio. The number of machine hashing grew by over 20,000. Our average hashrate rapidly increased, outpacing global hashrate, resulting in significantly increased bitcoin production for the quarter and the subsequent month. Even in the face of these headwinds, we persisted and we grew. Today, we will discuss the results of our first fiscal quarter, which, as Isaac mentioned, covers the period of October through December 2022.ĭuring that time, our industry, in particular, and the economy more broadly faced significant macro headwinds. The last time we spoke with you, we shared the results of our first fiscal year-end 2022. Good afternoon, and thank you for joining our call. It is now my pleasure to turn the call over to Zach. You can find the reconciliation of GAAP financial measures in our press release, which is available on our website. We will also discuss certain non-GAAP financial measures about our performance during today's call. As described in our SEC filings and on our website, those elements may change as the world changes. Keep in mind that some of the statements we make today are forward-looking and based on our best view of the world and our businesses as we see them today. I'm here with Zach Bradford, our Chief Executive Officer and Gary Vecchiarelli, our Chief Financial Officer. Our press release was issued about 30 minutes ago and is available on our website at Today's call is also being webcast, and a replay and transcript will be available on our website. Thanks, Audra, and thank you for joining us today for CleanSpark's Fiscal First Quarter Financial Results Call covering the period October 1, 2022, through December 31, 2022. Īt this time, I would like to turn the conference over to Isaac Holyoak, Chief Communications Officer. At this time, I would like to welcome everyone to the conference call. My name is Audra, and I will be your conference operator today. ![]() ![]() Isaac Holyoak - Chief Communications Officer ( NASDAQ: CLSK) Q1 2023 Earnings Conference Call Febru4:30 PM ET Later this year, Sandersville will also host the bulk of the XPs, 45,000 in total, that we announced a few weeks ago, accelerating important upgrades to our fleet efficiency.CleanSpark, Inc. We expect to maintain that edge as the pace of deliveries for the newly released S19J Pro+ machines ramp up and are installed at our Sandersville and Washington facilities. “CleanSpark’s uptime is already apparent in terms of realized hashrate, which is essentially the amount of time our mining operations are fully online. “We continue to make meaningful progress toward optimizing the operational efficiency of our fleet as we work toward becoming the most efficient miner in North America,” said Taylor Monnig, CleanSpark’s vice president of mining technology. Latest Insights: NVIDIA Introduces NeMo Guardrails to Enable Safety & Security for LLMs We hope shareholders and other stakeholders will tune in.” We are looking forward to sharing our quarterly performance in more detail, including some exciting updates on our expansion plans in Washington and Sandersville, on our earnings call next week. As we look to the next few months, we expect Washington to be fully energized, which will bump our hashrate as we maintain our competitive edge in these tight market conditions. “Our high efficiency measures and low power rates have made meaningful contributions to our margins this month even as difficulty has substantially increased,” said Zach Bradford, CEO. “The result of these efforts is that while we have mined fewer bitcoin this month, the bitcoin we have mined is being driven to our bottom line. Company mined 524 bitcoin in April Increased bitcoin holdings 60% to 313ĬleanSpark, America’s Bitcoin Miner released its unaudited bitcoin mining and operations update for the month ending April 30, 2023.
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