Seeking Alpha
2021-01-05 14:42:54

CleanSpark produced 31 bitcoin after ATL Data Centers acquisition

Since the closing of the acquisition of ATL Data Centers LLC, CleanSpark ([[CLSK]] -3.5%) produced just over 31 Bitcoins from its mining activities which resulted in roughly $873K of revenue.Production since the first of the year has exceeded 4.3 Bitcoins. Zach Bradford, CEO of CleanSpark commented, “We believe in taking a big-picture approach in how we view Bitcoin values with a focus on profitability. Conservatively, based on our all-in costs including energy, rent, personnel and overhead the Company can realize a profit whenever Bitcoin values are above $6,000 per coin. We anticipate that as we scale up our deployment of energy assets and software, we can decrease our total cost per coin to even lower levels. As prices fluctuate, the Company’s focus is on the variables within our control; such as expanding the fleet of miners, and maximizing the renewable energy usage. We anticipate completion of our near-term expansion within

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