Summary by Futu AI
On September 30, 2024, CleanSpark Inc., a Nevada-based company listed on the Nasdaq under the symbol CLSK, issued a press release updating on the aftermath of Hurricane Helene. The company confirmed the safety of all employees and reported no material damage to its infrastructure. As a precaution during the hurricane, CleanSpark temporarily shut down 365 MW of capacity in Southeast Georgia. Coordination with local utilities has led to the restoration of approximately 200 MW, with full restoration of the remaining capacity expected by October 4, 2024. The company's current hashrate stands at 22 EH/s, with a return to full operations at approximately 28 EH/s anticipated once all sites are fully re-energized. The press release was furnished with the company's Current Report on Form 8-K to the SEC and included comments from CEO Zachary Bradford, who praised the resilience and dedication of the teams working to restore operations. CleanSpark specializes in running data centers for Bitcoin mining, primarily using low-carbon power, and aims to support the digital commodity responsibly.