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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. Our project to add 30MW of additional power to support additional CleanSpark Bitcoin mining operations is ongoing.We have focused a large portion of the capital to expand our Bitcoin mining operations along with supporting our expanded sales and marketing initiatives for our Energy business. This has been a catalyst to create significant growth.
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In March 2021, the Company closed an underwritten public offering and received gross proceeds of $200 million, before deducting underwriting expenses and fees.Operational Highlights - Quarter ended March 31, 2021 We had working capital of $171.1 million as of Macompared to $2.9 million as of September 30, 2020, an increase of $168.2 million. Total Stockholders' Equity: $283.7 Million.Digital Currency: $5.7 Million, or 115.2 Bitcoin.In the quarter ended March 31, 2021, the Company produced more than 144 Bitcoins, and has produced an aggregate of 241 Bitcoins since acquiring its mining operations on Decemthrough May 4, 2021.īalance Sheet Highlights as of March 31, 2021.Adjusted EBITDA, a non-GAAP term, resulted in a non-GAAP net income for the six months ended Maof $1.0 million or $0.04 basic earnings per share and $0.03 fully-diluted earnings per share, compared to a loss of $(2.95) million or $(0.60) basic and diluted earnings per share for the same prior year period, an improvement of $0.64 basic earnings per share and $0.63 fully-diluted earnings per share.Net income for the six months ended Mawas $0.2 million or $0.00 basic earnings per share and $0.00 fully-diluted earnings per share compared to a loss of $(7.7) million or $(1.56) basic and diluted earnings per share for the same prior year period, an improvement of $1.56 basic earnings per share and $1.56 fully-diluted earnings per share.CleanSpark more than doubled its comparable six-month revenues, with six-month revenues of $10.4 million, an increase of $5.7 million or 124% from $4.6 million for the same prior year period.Adjusted EBITDA, a non-GAAP term, resulted in a non-GAAP net income for the three months ended Maof $1.7 million or $0.06 basic earnings per share and $0.05 fully-diluted earnings per share, compared to a loss of $(1.3) million or $(0.26) basic and diluted earnings per share for the same prior year period, an improvement of $0.32 basic earnings per share and $0.31 fully-diluted earnings per share.Net income for the three months ended Mawas $7.4 million or $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) basic and diluted earnings per share for the same prior year period, an improvement of $1.41 basic earnings per share and $1.35 fully-diluted earnings per share.CleanSpark more than doubled its comparable quarterly revenues, with three-month revenues of $8.1 million, an increase of $4.4 million or 122% from $3.6 million for the same prior year period.
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A transcription of the event will be available on our website after the event. This URL can be used to access the live event or to watch the recorded version. To participate in our virtual meeting, please visit:
#Cleanspark com update
Tweet thisĪs previously announced, the Company will be holding its second quarter 2021 live virtual earnings presentation and business update for investors and analysts on at 8 a.m.
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CleanSpark Reports Net income For Second Quarter of $7.4 million or $0.28 basic earnings per share.