Unaudited revenues generated from residential energy solutions for the month of July was equal to 80% of total energy revenue for the entire quarter ended June 30, 2021.ĬleanSpark's Chief Revenue Officer and Energy Division President, Amer Tadayon, said, "Our strong balance sheet enabled us to resolve supply chain constraints, resulting in the delivery of more than 1,100 batteries to our facilities. Upon deployment of its microgrid project in Atlanta, which is planned for 2022, the Company intends to showcase the facility's overall energy efficiency in a public-facing dashboard.ĬleanSpark's energy and microgrid services business unit integrated over 180 batteries on more than 50 California locations during the month of July, a significant increase from the previous entire quarter's total residential battery installations of just 52. The Company has a goal to achieve 100% carbon-free mining through the installation of an on-site microgrid featuring efficient solar and energy storage at its Atlanta facility, participation in renewable energy credit programs, and, as previously announced, CleanSpark plans to deploy its energy solutions at co-located facilities operated by Coinmint. We're on track to receive over 20,000 additional miners over the coming 12 months."ĬleanSpark's Bitcoins are mined using approximately 95% carbon-free energy. In just the month of July, we have already produced nearly 70% of the Bitcoins that we mined over the entire prior quarter, and we expect to continue to grow at a strong pace. In addition, the difficulty of mining has decreased sharply over the past two months resulting in increased production.ĬleanSpark's Chief Executive Officer Zach Bradford stated, "We have experienced tremendous growth over a relatively short period of time, and we are very enthusiastic about the results. The significant increase in production for the month of July was due to a substantial increase in the number of miners deployed over the past 30 days. Cumulatively, the company has mined more than 520 Bitcoins since entering the mining sector last December. The Company produced 147.8 Bitcoins during the month of July. 95% Carbon-Free Bitcoin Annual Run Rate Nearing $136M. CLSK Tops 6 Bitcoin Per Day, Deploys 200 MicroGrid Batteries.
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