CleanSpark, Inc.
Climate Impact & Sustainability Data (2022-02-09)
Reporting Period: 2022-02-09
Environmental Metrics
Total Energy Consumption:74 megawatts (MW)
ESG Focus Areas
- Sustainability
- Diversity and Inclusion
- Community Involvement
- Governance and Transparency
Environmental Achievements
- Prioritizing renewable and clean energy, including wind, solar and nuclear energy
- Participating in carbon offsetting programs
- Investing heavily in immersion cooling to increase efficiency and reduce energy loads
Social Achievements
- Awarded five scholarships to students in Gwinnett Technical College's computer science program
- Making the workforce more diverse and inclusive by focusing on hiring women and people of color
- Initiatives to ensure employees are paid above market rates, have access to affordable healthcare and have a healthy work-life balance
Governance Achievements
- Issuing monthly Bitcoin production updates to increase transparency
- Engaging NASDAQ's ESG advisory services to analyze performance and create a roadmap for improvement
Climate Goals & Targets
Short-term Goals:
- Achieve 4 exahash by the end of the year
Environmental Challenges
- Securing sufficient power to meet growing hash rate demands
- Navigating the evolving regulatory landscape for Bitcoin mining
- Managing the volatility of Bitcoin prices and mining rig costs
Mitigation Strategies
- Utilizing a hybrid infrastructure approach combining owned facilities and colocation arrangements
- Prioritizing renewable energy sources and participating in carbon offsetting programs
- Employing a balanced approach to acquiring mining rigs, combining future contracts and spot purchases to mitigate risk
Supply Chain Management
Responsible Procurement
- Utilizing top-of-the-line Bitmain S19 series miners