CleanSpark, Inc. Reports Revenues Results for the Year to Date Ended April 30, 2020; Provides Revenue Guidance for the Fiscal Year 2020
May 05, 2020 at 06:00 am EDT
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CleanSpark, Inc. reported revenues results for the year to date ended April 30, 2020. The company announced that as of April 30, 2020, its revenues for the prior seven months were approximately $5.6 million which surpasses its revenues for the entire 2019 fiscal year of $4.5 million by 24%.
The company believes it can maintain course and double its 2019 fiscal year revenues in 2020 and achieve its corporate goal of profitability by the end of this calendar year.
CleanSpark, Inc. is a bitcoin mining company. The Company independently owns and operates approximately eight data centers in Georgia for a total developed capacity of 230 megawatts (MW). The Company is engaged in developing an additional 150 MW at its data center in Sandersville, Georgia. It does not host miners for any other companies, and has a partner in Massena, New York, who hosts approximately 50 MW for the Company. It operates around bitcoin mining machines, with a hash rate capacity of approximately 15 Exa hashes per second (EH/s) and a fleetwide efficiency of 28.4 joules per tera hash (J/TH). The Company's subsidiaries include ATL Data Centers LLC, CleanBlok, Inc., CleanSpark DW, LLC, CleanSpark GLP, LLC, CSRE Properties Norcross, LLC, CSRE Property Management Company, LLC, CSRE Properties, LLC, CSRE Properties Washington, LLC, CSRE Properties Dalton, LLC, and CleanSpark HQ, LLC.
CLEANSPARK, INC. 
