and us making Good you about our Thank towards. I positioned has for afternoon been our per add, XX second, we've us which progress exahash quarter Thank how to joining you, welcome learn more yearend target to earnings quarter presentation. of noteworthy to Isaac. reach this second
been made existing and halving Washington we and of and work quickly ahead or The well way The has preparation commitments for its being execution. you of we facilities. quarter about both next prepared operational, we need a either these that is fulfilling been in is in-transit of the has It shareholders, mindfully us the spring. of Sandersville grow at for on to fully construction the as XX% we've land contract acquired to machines expansion leveled under fill to
mined, vision but the I'll a hash share doubling of key same review first resulted this last with what last exahashs period second, later for Bitcoins almost rate our the during all-time in to in difficulty you more hash highs, with with reaching I the highlights mined quarter year. where during X.X of of ended some the even same were our That X,XXX We triple year. period second quarter. near-term want per we rate, we call,
that Recall year-ago. price a higher substantially Bitcoin's was
and last slightly in we to value was compared sequentially, the would to efforts like but prior the In Bitcoin increasing compared revenues resulted the revenues recovery and resulted positive higher. higher period. same out During turning mined overcoming recent reversing quarter fewer during year, quarter, when quarter-over-quarter. we I This of our Bitcoin's resulted lowest last adjusted bear When has EBITDA negative particular, this of year-to-date time Bitcoin, price in the that market in experienced that the call for the the lows. adjusted current fiscal EBITDA year
efficiency. as to next towards I also of Bitcoins from to is head effect expected to X.XX X.XXX indicators one take the year, this for of only important has that will we discuss Efficiency production most industry. take April full historic while to the and the miner most our to are self the price event. most capacity is miners a action moment sheet to miners it help a reward corresponding In halving. block we halving on among efficient in the CleanSpark, ensuring have past by positioning balance cycles, the capitalize of in as halving are At we the advantage want efficient our decrease Bitcoin, will take
watts now, fleet is average per Right terahash. our XX
fleet terahash on online, month accelerate, and a are last expect ordered to come or below fleet-wide XX we watts delivered we XPs efficiency per us the average. at As landing our
halving. mentioned, health, As of near efficiency one be for I the most as we important miner will metrics analyzing Bitcoin
to the passive ourselves preparing how are maybe to preparing moment award. events surrounding a we two take me you Let with halving, capitalize on share
months and big are race, halving, work training starts for before the line. is training the starting we any our phase with as growing regimen. real the of fact, meeting In months the This work
operational pace worthy the moderated, into fact miles, must and energy as driving rate heavy as race, muscles, be little day, up the all less initial becomes to of the win are competitors in carving training excel imminent. intense competitors to know We regimen carefully be start logging our adjust on to race the a really
The spent is line reason then day for energy that be race the the adjustment is starting can to store crossed. on once
For and on a four-year our training I'd share the you not with of a another regimen. or mountain starting trail halving starting line line cycle. like the are principles us is to bike, that guiding beginning two that is
There growth. a is growth there rapid mindful growth. moderate and for slower Our and first is more a is season principle for season
few in are next a continue there the quarters. for we'll rapid We growth and phase
For perspective, by our double is our expect year. extraordinary end-of-the guidance reaching hash the at we more than to calendar That rate growth.
those XX% As I earlier we call, that house have machines the the of said we machines at secured advancing infrastructure is reach in our pace. will targets about and the to need
time have and for you rapid excited for growth CleanSpark to is good believe We the generate. stage a be an on-board shareholder. to expect to we exceptionally returns are this this We
Our principle second is maximizing profitability.
cheap very achieve We machine writing There then it little a efficiency of plugging gains through the and is benefits a long out, the in industry is misunderstanding a a simple goes as our way. scale. as but this expect work power, that and sophistication finding about to
mine, the and Bitcoin our high-efficiency found implementing stay. the bottom Bitcoin with have drive high-performance been mine Bitcoin impact where to we amount minimal the increase we measures on meaningfully we that have line, at We of means will can for our this many margins of and it we mine, of total more every can various we sites that
central addition that profitability. the certainty in to certainty maximizing matter than provides to next and benefits ever Scale scale efficiency, In of are will cycle. more the
manage scale overhead. corporate First, us efficiently allows more to
to even grow, make bottom expect more stay our operations to We our line. means lean it dollars which as
us capital. increase our Maximizing our profitability that Secondly, make to arrive. to the events operating prepare moment and allows to arises -- during optionality grow own are scale preceding months when gives down, balance, us few the that capital funded the and hunker surrounding acquisitions last on hurdle halving flexibility halving also our good make with
the In this so from we bring. sheet, expansion our growth to are to balance resulting the manner, expect to scale shift halving well-positioned prepares opportunities rapid building we for us our and
is Of or next not it's after course, the one halving quarter horizon. that, the but on
tell about this what you productive. Let a is me very it you because little can shaping to summer, be up expect
our start deliveries campus with I'll details First, and machine both let expansion, share me Sandersville. the Washington in of then
proud the mentioned, those big and a XPs deliveries As claim SXX purchase J future of XPs. XX,XXX win to the to for are terahash thrilled per Bitmain call the fleet. The we purchase, of that and I bottom add pluses them for was our incredibly shareholders our this miners market I'm XX,XXX the to include our and Pro are for with efficient we price These XPs.
these small our per rate until resulting received to to Once We patiently target. hash this second were predicted of believe compared to us our XP and purchase machines what and the a of a XXX prices second as total per of conditions leaving X.XX will exahash ROI us petahash ripe, to waited make is purchase, peers. any we we hash exahash, a add better in delta would reach drop energize, our XX.X giving on the rate,
to to rate securing and we closely conversations the gap lead that working need. close to now holding additional that we expect hash are We're we
I add, by this will and owned fill Hash us. to expect gap with additional XPs. might that be rate We operated
which Our mid Washington our X to is expected almost June. per to expected expansion in is on-schedule add exahash second to and operations go-live
deadlines. have and tirelessly partners teams meet worked to Our
in photo see can that you As the paying-off. your on work is screen,
I'm machines buildings be are Washington. the the of so buildings the By go-live week, this racking complete. be once racks grateful to will we our without to ready in end to four completed month, building expect that of this is installed start fourth can facility The partners power the turn-on the three and the we ready to in for delay.
there an has to work company. been community proud for vision of and the the the Our as The the is to us is heart have town. and there in soul institution the anchor dedicated team good
arms base family. tax increasingly voice important for part an of and the with Washington in as open important of we them CleanSpark of the are citizens welcoming and us We community. We driver thank the the consider
Next, our centers allow This X.X to bringing expansion expansion. exahash per X.X exahash the second, capacity, to the you one country. at in update will once operational add per complete, it second mining making Sandersville fully on data of me the Bitcoin Sandersville to total capacity largest the
simultaneously We risks managing carefully with the project ensure to chain in. being occur energization machine final plugged the are to related supply
Sandersville. neighborhoods, We build the Washington. outskirts from intend schools like the much traditional for our get campus data on air-cooled enough method, using is of distant and site in in Sandersville center teams close our the community, The a to
on updates lines monthly further supply will We time upcoming an in update. the
United political to on the want touch briefly I States. the Lastly, in climate
We regulatory following developments. and are closely policy
state-level has store happy medium turning reached important Bitcoin exchange at mining We are to policy protecting both this a expect that as the policies across people record the of essential in a volume few states and highs more this as weeks, enacted sign last in the commodity we to of and America to are are country freedom. that the enact see be value.
to their for floor and thanking Gary, frit I'd end the turning to teams our like Before resolve. by
lead. hands hardest a working We can't the industry, to I in the group and down. culture best imagine have teams better
couldn't be That we committed are everything of them. prouder because believe We transformational. believe to this powers I it's do. we work
you, To Gary.