CleanSpark reports a surge in 3Q revenue as opportunistic acquisitions expedite growth

CleanSpark Inc (NASDAQ:CLSK) executive chairman Matthew Schultz takes Proactive’s Stephen Gunnion through the company’s third-quarter 2022 financial results, which show a 243% year-over-year rise in revenue to $31 million.

Schultz also discussed the sustainable bitcoin mining company’s latest acquisition, which will see it acquire an active bitcoin mining facility located in Washington, Georgia, for $16.2 million.

He said the company has also purchased approximately 3,400 of the latest generation Antminer S19 series of machines for approximately $8.9 million. These machines, already operating at the acquired site, will add over 340 petahashes per second (PH/s) of computing power.

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