We have based these forward-looking statements largely on the Company's current expectations and projections about future events and financial trends that we believe may affect the Company's business, financial condition and results of operations.
The Company has tried to identify these forward-looking statements by using words such as "expect," "anticipate," "believe," "could," "should," "estimate," "intend," "may," "will," "plan," "goal" and similar terms and phrases, but such words, terms and phrases are not the exclusive means of identifying such statements. Holdings and other statements regarding the Company's expectations, beliefs, plans, intentions, and strategies. This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding expectations for growth in the Company's For more information about CleanSpark, please visit our website at CleanSpark holds the 44th spot on the Financial Times' 2022 List of the 500 Fastest Growing Companies in the Americas and ranks thirteenth on Deloitte's Fast 500. We cultivate trust and transparency among our employees, the communities we operate in, and the people around the world who depend on We strive to leave the planet better than we found it by sourcing and investing in low-carbon energy, like wind, solar, nuclear, and hydro. , an essential tool for financial independence and inclusion. In 2020, we transitioned that expertise to develop sustainable infrastructure for Since 2014, we've helped people achieve energy independence for their homes and businesses. The webcast will be accessible for at least 30 days on the Company's website and a transcript of the call will be available on the Company's website following the call.
#CLEANSPARK STOCKTWITS UPDATE#
The Company will hold its second quarter 2023 earnings presentation and business update for investors and analysts today, *See "Non-GAAP Measure" and "Reconciliation of Adjusted EBITDA" below. Or approximately 11% of its outstanding debt in the second quarter. Total Mining Assets (including prepaid deposits & miners, net of accumulated depreciation): , or 53%, from the preceding first quarter. The Company saw sequential revenues increase in the second quarter of fiscal 2023 compared to the fiscal quarter ended The Company recognized a GAAP net loss for the three months ended "Our increased gross profit margins and stable cost structure resulted in 30% adjusted EBITDA margins and will also help grow ourįinancial Results for the Three Months Ended Prices translated to greater gross profit margins and cash flow in the second quarter," said Chief Financial Officer The addition of these machines into our fleet, most of which are Bitmain's XPs, are expected to make us one of the most efficient miners on the network, positioning us to take optimal advantage of halving next year." Importantly, we've acquired 99% of the machines, either under contract or in transit, to fill these facilities. "Our planned expansions are proceeding according to timelines, withĮxpected to be fully operational next month and with the Sandersville land already graded and ready to start construction. "This has been a quarter of execution as we've made major progress toward achieving our stated year-end target of 16 EH/s," said Chief Executive Officer
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