![]() ![]() Fleet efficiency matters, because it means we can mine more bitcoin with less power. We use technology to maximize our fleet efficiency. We maintain industry-leading uptime at scale and not only are we becoming ever more efficient to the operators, but our efficiency at a machine level is also becoming unmatched by our competitors. This is a key metric for our shareholders to understand, because it doesn't matter if a company has 200,000 machines if those machines aren't plugged in and hashing. ![]() We have among the highest hash rate realization rates of any publicly traded company. We run the most efficient facilities at scale in the industry. That speaks not only to our scale, which is substantial but also to our skill as operators. So far, this fiscal year, which for us started on October 1, 2022, we have mined over 5,600 bitcoins through July. I know this has been an important question for many of you, there is no longer any uncertainty about when we will have the funds in hand to pay for the expansion and the miners. That expansion, I again would like to state, is fully funded. We are operating over 9 exahash per second and over the next half of the year, we expect to add an additional 7 exahash per second after energizing the expansion of our data center in Sandersville Georgia. We are building transformational infrastructure with almost 90,000 machines deployed and another 60,000 on hand or pending delivery for a total fleet of approximately 150,000 state-of-the-art miners, all fully funded. This creates certainty for our shareholders around our future and puts any questions to bed about our path to 16 exahash per second. This includes machines, materials, and everything else nuts to bolts that goes into building a world-class Bitcoin mining facility and bridging the gap to 16 exahash per second. Now, before I get into the details on the quarter, I want to take a moment and announce that we have fully funded our growth to 16 exahash per second. This company and the people who work here are best-in-class in every way. And to that point, we have hit or exceeded every milestone we've set for ourselves. We have a proven track record of doing what we say we'll do. We now outperformed almost every single one of our competitors in monthly production even compared to competitors that on paper may seem bigger than us.Īs a CEO and Founder, I hope you excuse a little cheerleading, but I don't think it is at all an exaggeration to say that we are the best bet in this space. The dedication of our teams has resulted in extraordinary rapid growth. Since last speaking with you, we have strengthened our position as one of the largest most efficient publicly traded Bitcoin mining operators in the world. ![]() Good afternoon and thank you for joining us for our third quarter earnings call. You can find the reconciliation of GAAP financial measures in our press release which is available on our website.Īnd with that, it is my pleasure to turn the call over to Zach. We will also discuss certain non-GAAP financial measures concerning our performance during today's call. As described in our SEC filings and on our website, those elements may change as the world changes. Keep in mind that some of the statements we make today are forward-looking and based on our best view of the world and our businesses as we see them today. I'm here with Zach Bradford, our Chief Executive Officer and Gary Vecchiarelli, our Chief Financial Officer. Our press release was issued about 30 minutes ago and is available on our website at Today's call is also being webcast and a replay and transcript will be available on our website. Thanks, Abby, and thank you for joining us today for our fiscal third quarter financial results call, covering the period April 1, 2023, through June 30, 2023. Thank you.Īnd at this time, I would like to turn the floor over to Isaac Holyoak, Chief Communications Officer. After the speakers' remarks, there will be a question-and-answer session. All lines have been placed on mute to prevent any background noise. At this time, I would like to welcome everyone to CleanSpark's Fiscal Third Quarter Financial Results Conference Call. My name is Abby and I'll be your conference operator today. ![]() Isaac Holyoak - Chief Communications Officer ( NASDAQ: CLSK) Q3 2023 Earnings Call Transcript Aug4:30 PM ET ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |