The Company has tried to identify these forward-looking statements by using words such as "expect," "target," "anticipate," "believe," "could," "should," "estimate," "intend," "may," "will," "plan," "goal" and similar terms and phrases, but such words, terms and phrases are not the exclusive means of identifying such statements. This release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995, including statements regarding the Company's plans and expectations for expansion of its energy initiatives, operating results, business strategy, deployment of miners, digital currency mining activities, the growth of its facilities and other statements regarding the expectations, beliefs, plans, intentions and strategies of the Company. For more information about the Company, please visit the Company's website at. In September the Company announced expected capital and human investments of nearly $145 million over the next five years at the site.ĬleanSpark, Inc., a Nevada corporation, is a sustainable bitcoin mining and energy technology company that is solving modern energy challenges. “Deploying an environment-friendly cooling technology that also increases the economics of our bitcoin mining operations was an obvious choice for us.”ĬleanSpark acquired the Norcross, Georgia site in August. “We are constantly seeking ways to make our operations more sustainable and productive while achieving maximum performance,” said Zach Bradford, CEO of CleanSpark. “This project expands our portfolio of energy efficient solutions, adding to the engineering tools at our disposal,” said Matthew Schultz, CleanSpark’s Executive Chairman. The liquid is a synthetic hydrocarbon compound that has no electrical conductivity, is fully biodegradable and safe. Upon completion, the 20 MW project will consist of 180 liquid-filled tanks, with each tank holding 33 units of the Antminer S19j Pro machines-the newest generation series of bitcoin miners on the market-fully immersed in a proprietary cooling liquid. This approach is in stark contrast with air-cooled data centers-the current standard in the bitcoin mining industry-which require regular cleaning or replacement of the machine or filters because the constant flow of air carries minute particulate matter such as dust and pollen. Liquid immersion cooling, where the machines are fully immersed in a specialized cooling liquid, has proven to significantly increase the hashrate of bitcoin mining machines, reduce power consumption, and extend the life of the machines-thereby maximizing financial gains.Ī datacenter with such technology does not require regular re-outfitting, further improving the efficiency of a large mining operation and reducing operational expense. 5940 fully-immersed Antminer S19j Pro machines, or about 600 PH/s total.Expected efficiency increase of 20% or more, according to the manufacturer.20 MW immersion-cooled solution at Norcross, GA facility. It is also expected to reduce operational expenses, enhancing CleanSpark’s competitive advantage that comes from the Company’s background in energy technology. The new data center’s immersion cooling technology is expected to increase bitcoin mining efficiency by 20% or more, according to industry standards and the manufacturer. Phased installation starts immediately, with the first 8 MW expected to go live in February. (Nasdaq: CLSK) (the "Company" or "CleanSpark"), a sustainable bitcoin mining and energy technology company, today announced purchase of immersion cooling infrastructure for its Norcross bitcoin mining facility. 09, 2021 (GLOBE NEWSWIRE) - CleanSpark, Inc.
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