![]() ![]() ![]() Seen rapid growth in its electric vehicle (EV) charging initiative.In addition to the 30MW of additional power to be delivered by the local utility, CleanSpark expects to subsequently add renewable energy generating assets and energy storage to the site, which will be operated by the company's patented mPulse controls.The capacity increase is underway and is expected to be complete by summer 2021. Upon completion of the project, this will bring the total power available for mining and data centers for CleanSpark subsidiaries from 20MW to 50MW. A project to add 30 megawatts (MW) of additional power to support additional CleanSpark Bitcoin mining operations is ongoing.In March 2021, the company closed an underwritten public offering and received gross proceeds of $200 million, before deducting underwriting expenses and fees.As of March 31, the company held $5.7 million worth of Bitcoin. Meanwhile, CleanSpark said it produced more than 144 Bitcoins, for a total of 241 tokens of the cryptocurrency (as of May 4) since acquiring its mining operations on December 10, 2021. In addition, the company said it ended the quarter with working capital of $171.1 million, compared to $2.9 million as of September 30, 2020. READ: CleanSpark says microgrid contracts surge by 220% in two months to more than $23.5 million CleanSpark Inc ( NASDAQ:CLSK) reports that it generated $7.4 million in second-quarter net income on rising revenues as the company expanded sales and marketing initiatives for its energy business.įor the three months ended March 31, the company marked revenue of $8.1 million, an increase of $4.4 million or 122% from $3.6 million for the same prior-year period.ĬleanSpark said net income was $0.28 basic earnings per share and $0.22 fully-diluted earnings per share, compared to a loss of $5.8 million or $1.13 loss in basic and diluted earnings per share for the same period in 2020.
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