"Our Adjusted EBITDA for the third quarter was approximately $15 million, which represents margins on revenue of 49%. "The importance of our Adjusted EBITDA margins is not to be overlooked," said Gary A. These two announcements represent the closing of one chapter and the opening of another, and I look forward to where our strategic direction is taking us." We are also announcing that CleanSpark is formally selling its energy business assets. An additional 50MW is expected to be available in 2023. This new facility has 86MW of total capacity, 36MW of which is online and available immediately. Foremost, we have entered into an asset purchase agreement for the acquisition of a third wholly owned facility, located in Washington, GA. Despite macroeconomic headwinds, our results demonstrate the resiliency of our strategy, and we expect to grow in what is otherwise a bear market."īradford continued: "In line with our strategy to make CleanSpark a top five publicly traded miner, today we announced two transformative matters. We have also made efficient use of our capital by putting new miner purchases to work quickly. "We are optimizing uptime and maximizing profits with our wholly owned locations. "CleanSpark continued to grow by mining a record number of bitcoin and substantially increasing our hashrate," said Zach Bradford, Chief Executive Officer. ( Nasdaq: CLSK) (the "Company"), America's Bitcoin Miner™, today reported financial results for the three and nine months ended June 30, 2022. Third quarter revenue of $ 31.0 million, net GAAP loss of $(29.3) million and Adjusted EBITDA of $15.2 million Mined 964 Bitcoin and Increased Hashrate by 22% Increases 2023 Year-end Hashrate Guidance to 22.4 EH/s
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