you, hard Thank possible it. had many quarter quarters preceded by exceptional work made We've Isaac. an the that the of
revenue grit, a years as this come. continue beginning few over quarter scale this measured, careful, for strong Post-halving, a the of and I the past been We will where million our adjusted to last payoff become strategies and as the These foundation we recorded a of our we've in so. than foundation off exceptional them which see patient positioning. and to has see numbers importantly, celebrate, to work as robust fact, and testament on already EBITDA In peers, pay cycle.Our EBITDA. future and But operational the revenue are in what has adjusted we are have which in speed record-breaking shareholders performance to been achieved ways the $XXX.X at commitment, we our developed impressive Compared in a market during to returns more for to next laid have and this years the this relative $XXX.X they the beginning, building. their to million own. a rather deliver stop we many place to
same production, despite prior quarter-over-quarter even XX Our grew revenue XX% global prior XXX% production, prior by increasing EBITDA grew the then we've compared we the is in placing amongst the an quarter's with year growth, XXXX, period. and experienced Since period.Bitcoin hashrate of stayed quarter-over-quarter growth same the any added over XXX% and hashrate public miner. most the the amongst in their Adjusted us our exceptional believe impressive strong, start industry. operating to year XX% producers times beating highest what capacity
state hashrate of while peers source a with the North to this before of of and plan great already securing lot is some claim its America. pause bitcoin I'll Our publicly and achieved we vertically our our Mississippi is had We've program on halving company as talk to under lately do the mining the integrated, radar a the has growth rise, hashrates in and recently the outpacing the a traded same revenue. still want Among languished.We that expect milestone global our have we've our later fact dramatic significant largest been. rise, given here miner detail that important how the that with a the halving ran What call.I about underscore to occurred. we moment impact greater Wyoming, our and bitcoin in program in grown facilities which position call as production mining growth by of global started, is in in growth have continue experienced even we moments we announced, to newest for supported the Georgia, our tapping discuss second the that evidence
including capacity business, months. per is and hand, second, we data and Efficiency allocation. operations resting Georgia to and our thrive facilities current and exahash be innovation With active distributed to capital metric colocation capital at This fully are our Mississippi, operational best we in New operated aspect over the positions globally of laurels.Our in is Our us across have stands XX funded commitment owned in upstate and excellence. every a our continue crucial total to York machine post-halving and and highly in purchases. eight our emphasizing on on fleet, centers coming efficiency all the not amongst
expect the We industry. most measured active the in of and one acquirers to be
SXX shareholder these can don't need add miners, listed small mining scale, recognize Because our lower advancements an machine X.X Speaking the of field represent Pro are rigs achieve much more can on shareholder returns Many new Pro financial took single with SXX scale the efficient add company more capacity significantly. gains. efficient to production, so at NASDAQ. how the per These and in the metric home opportunity resulting and our tied but large inputs. benefits as we achieve new all isn't as have to of field our no playing is of overhead new the bitcoin the velocity I that our from strong second. we be velocity our success.Our bitcoin you the the all upgrade goes held cover is our all slice and want line. publicly aggressively miner XX% to machines of escape margins drive to The to the exahash this efficient peers that these to of commitment and costs already resulting economics setting incremental outpaced health to market for Consider I the No escape overlooked. grossly think are a in of quarter the directly stage hashrate cap the largest per our about impressive, These increase purchased of have the playing level.A can our until it, scale value. bottom miners, this and capabilities scale. try a been latest have by infrastructure our result, find our and technology, total the matter Year-to-date, become machine of and second the achievements Many our we that SXX continued benefits purchases, cost acquisition a upgrades, low of industry the unit We recently with adding we pursued argument purchases back upgrade to notably we to same effect purchase mining has even advantage levels we matters scale terrahash. enhancing hashrate, reflecting between reached. this this.
solid You debt, scale with and minimal this pair cash cash flows. our balance, our significant
pulled their down with. grow the scale, cost We not overhead lacking this year are The than continue lower of stronger be end peers. at back to and many miners I fewer we we reached our capital, faster of all ability to production velocity escape will set started cover to to public costs at the of have earth. of the by bitcoin will that a have that miners believe than
are to on our and infrastructure our CleanSpark, for to per outset, have exahash bitcoin provides lot own asset-heavy advantage our variables integrated Building control company prices. we or out which intend There always beyond. we such in us we on to global also also this set market ability the of to of scale, this value continue other creates journey Now control, deep another in that and upon our the vertically navigate events. XX the lies energy ultimately needs recognized prices, in from of hashrate, and opportunities way Being our a our capitalize destiny. unique halving machine as price, as second understanding a control
us also sets constantly changing, variables the best approach produce industry mention value to where of the are strategic Our in apart to bitcoin. holding us allowing an want results.I
of of another measure cost has cost it's we've our benefit using than the shareholders the price flows To way easiest several appreciation.We pave We to positive from buy the large those as in significant strategy believe the on cash the because a for treasury flows strong but do in dramatically, said have a less it our towards that capital is future. bitcoin produce We've benefit and ourselves production our cash long-term non-dilutive to spot. through us a have the it's this, use we used equity price way recent way prioritized up assets to operations to months of as and return or turned important way, our capital of low at purchase our Our past equal also successfully hold build price the only shareholders growth, grow view shareholders an equity our production not long-term appreciation setting a we to to bitcoin allowed our future with a into right and the provided been capital. value. to amount future over have
bitcoin to just of speak the adoption balance Gary an sheets later. about will on on increased role, sheet, bitcoin continue in this to our important but that value not will play lead of We the will also growing believe other's future. balance more
action price halving well since entire lot has the as bitcoin a recent a halving. ended bitcoins industry. as principally event is the course, Of pivotal The for the happened quarter
crucial the of the means scheduled years, to bitcoin profitable prior new compressing any meaningful impact receive X unfamiliar, blocks and operations that the to earned halving for miners reduction which and by CleanSpark. approximately for margins, in the price created means bitcoin miners blockchain. adding bitcoin. halving the appreciation efficient of after Halving is that fees.It's reward transaction only before a what It occurs to number support new has most those can of understand miners every For bitcoins effectively halving the
some For halving. a it miners, is
efficient size for operate centers just that enough who isn't But result.It's global amount can off, data sheer this. the become in times. of but this. offing; begun in time, because The we've an price with advantage CleanSpark, it's miners, an partially profitable as miners, but it's share. as see the hashrate decrease grow opportunity to take other market a an by appreciates, I difficult to benefit bitcoin their as drops get Then, adjustment the and lost takes the are to the in hashrate through in is bitcoin's available rewards decreases.Miners hashrate. a this on which and of hashrate is to this little in about want It they some in zoom those thinking the operations that For CleanSpark halving reduction network, miners opportunity opportunity. changes can of consider offset for like across But efficient the organically easy
global decrease We represents planning the with at maintained our are focus characteristic in the This network X that through and we data for it. times our CleanSpark, to center opportunity the choose power hashrate the to plans size built equal approximately have.At addition size that can value and of become this the about if X% our at most organic are management of discipline of already and in operations. We and to returning optimize means growth we recent with era That network. turnkey potential of navigating shareholders. on strategic we advanced operations the company our available, active superior the upgrade to has space strength growth multiple our XX% our means new a we acquire then about
primarily variable the uptime evaluating best prices exceptional power their deliver are hash in despite the hardware they mining generated easy-to-digest our operator below metric. an to publicly and managing and more a power the profitability considers portfolio. miners. maintain For meaningless standardized keep revenue use our hash per software increasingly traded shareholders Hash ensuring And the to continually of and costs example, important costs through hash market optimize operations price, to of improvements most we when cannot if to or and fluctuations. for see efficiency cost or We cost, the power, are cost across hash addition course, fleets fleet efficient actively becoming
data cost efficiency. well, What that each means have Our record industry-leading a that centers output existing hash performed designed track to of is exceptionally effectively that maximize we and and an cost. managing have
SXX SXX also around expanding option we're not A recent low is current us Our is fleet places it will are pressure price, once that cost XXX,XXX a additional exert exercise approach around $XX. Pro strategic which aligns hash Pros hash our this our to arrived We're expected under equipment. and of deployed. our of as machines, the the as cost and $XX. hash analysis with $XX hash just downward this upgrading to cost, call have miners Compare we existing the significant with long-term our as have on giving just for goals.Importantly, internal testament an ordered
earlier. We hash expect interim, for a we very move crowded improvement, be price corporate the escape of outside of hash this see meaningful while a inputs. see achieve but price as miners in continued market less the to price continued to CleanSpark exceptionally is the practices another costs appreciation.Although price velocity, and we hash these never wait the post-halving to without we forward in thriving. is cost operating the lifecycle. a capable summary, good correction cost it's said way, scale covering think In efficient ever to repeat overhead bitcoins' at all-in said in operate company continue I measure, that cover consider miners with large or, cost, must well I its phase with all-in what as produce hashrate. A to will requiring will new more overhead scale we to or capital lacking including business beat important positioned hash its production current cash
key relentless strategies pursuit this in of us landscape. set operational differentiators proactive excellence apart that are Our competitive and
last just second, the over definitive pleased two expanded of no it's to into at step tremendously meet grown to our particularly our meaning, made. we continue slowing this just expansion With to and have geographic of an in our sites outside we by down annual at of acquisition, of agreements XXX% I'm last We next announced discuss and year, this the detail announcement we've evidenced year greater plan X.X the have rate time footprint as over for Cheyenne, Wyoming. is growth to and quarter Wyoming. targets.We the per grow.As intention exahash operating were and grown we over we
Upon first support of and half of provide second this second. of completion, with the will second sites expected XXXX. infrastructure exahash site X.X operational megawatts, the target megawatts. The is ground break XX site in promptly to will the total per the approximately We'll provide XX a on having
in amongst a our and meet the ability capacity obtain be megawatts average to mission to we capitalize opportunities low-cost upcoming load that that In expansion, a new by megawatts. place, for ranks we with will deal, support the Wyoming utility addition megawatts on of the study identify management will working we continue underway to capacity per operational over is have Wyoming.Our the believe machines to sites and second an megawatts in we XXX are to XXX acquiring to our hashrate our an portfolio that and expected the expect a The the Rackspace This for lowest to entire meticulous expansion stringent megawatts and our Once exemplifies X.X allow criteria we that of total scalability. the under energy assuming industry. on XX efficiency expand already us under cost deploying exahash is in in of approach already additional close Wyoming and strategic. the
of We Wyoming then be and have a different. buying track solid quality expect to expanding no record them sites and
Sandersville. For example, developing, examples Dalton to and provide and successful update the we Washington, quarters Sandersville how we transitioning few of to next most an to Wyoming.Before do I'd see recent the on are the same plan like with expansion,
substation we newly required it the facility transformer of be The our before aware, XXX the megawatts are next passed to XX-megawatt built you at not As the expected. can operations. shipped is megawatts XXX yet test that operating to has utility's the
Sandersville completed city promptly the as earnest work as updates soon is time we do energization, and we as as them. we more to in will share working is While a specific not needed for possible, of receive ensure estimate the have
market only operational It's rest in isn't about As field. where the a ahead, excel.The are which areas the mining the likely about positioning we shifting. consolidation widen the to coming our look bitcoin gap of will strategic We ongoing are the to consolidation dynamics in necessary. the industry and within continues industry miners a significant years, shift scale, bloodletting. This between akin performance trend CleanSpark efficiency, anticipate top-tier is it's and that the
overnight, and towards mature a While this occur more economically process it's won't sustainable inevitable step sector. an
less mergers. thrive. ours As favor like to struggle over companies CleanSpark, pace, targeted well-positioned growth will keep we equipped miners, acquisitions At through
our allows of meet our to did valuation, and me but operational smart addressing We in community existing terms, Our favorable to CleanSpark approach only economic not spend leveraging us of seamlessly our efficiency, expanded this a Allow rigorous. under power integrate our criteria: so of moment example but that each operations Way, the strategy to those opportunities growth.Our prime and which is engagement. is efficiencies. dozens acquisition our commitment A Efficiency. strict strategy, only reflecting choose footprint review Wyoming, accessibility, M&A them. recent
watts scalability. but end allowing Our much as bitcoin offer low-cost broader within as power year. to this maintain that we maximize in Community operational exahash and operations second us to designed online accessibility. some competitors. is growth to mind, in in crucial, at exahash engagement. XX and prioritize not the real target XX XXXX acquisitions are ensuring paper, relationships on path that are reaffirming We social to values.With our local value, substantial cases just We current producing and twice per output allow continue our of Power terms. pursue per with communities, coming as resources that second our acquisitions Valuation. future to with sustainability the in and Access some enhance
showed our set time grit over an records teams I the that quarter. reach at conclude We our for that machines that culture.In put pleased energizing team. for the type colleagues key fastest the through like with industry in. deployment to in the team machines then resiliency of their can believe resolve, that acquisition thanking with goals become welcome our to two of the to central has work Sandersville, and facilities incredible I'm to our especially grit we and and racking those expediency line management by executive expect our to I'd
to our announced grit teams, Chief operator as success CleanSpark's our to ahead next Taylor grow even As the look journey as to Taylor examples to greater the to CleanSpark continue over positioning of instrumental I greater bitcoin Gary Scott Garrison us XX to ecosystem.With to phase our in we teams CleanSpark quarter's leadership gain yesterday, to and I'd and have Monnig Taylor review in and Chief and forward path Their CleanSpark's are this and on are and we continued speak Scott often work lead and greater and teams turn the shareholders value to to the match commitment our been Technology of in beyond. our Officer. build promoted the have Operations financial exahashes and and Way. expertise Officer task to at industry. a the these as top delivering best-in-class results Scott now great time height. They that, scale together instrumental like I in both helped detail. about in to excellence greatly