GlobeNewswire Inc | Dec 6, 2021 09:00AM EST

December 06, 2021

SALT LAKE CITY, Dec. 06, 2021 (GLOBE NEWSWIRE) -- CleanSpark, Inc. (Nasdaq: CLSK) (the "Company" or "CleanSpark"), a sustainable bitcoin mining and energy technology company, today released its unaudited bitcoin production and operations update for the calendar year-to-date endingNovember30, 2021.

Bitcoin Production & Operations Update (unaudited)

-- Novembermonthly production:218 -- Calendaryear-to-date production endingNovember30:1,301

-- Total BTC holdings as ofNovember30:838 -- Total BTC converted for operational growth in CY2021:478 -- Deployed fleet of approximately12,900latest-generationbitcoin miners with a totalhashrateof1.3EH/s

AboutCleanSpark

CleanSpark, Inc., a Nevada corporation, is asustainablebitcoin mining and energy technology company that is solving modern energy challenges. For more information about the Company, please visit the Company's website at https://www.cleanspark.com/investor-relations.

Forward-Looking Statements

This release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995, including statements regarding the Company's plans and expectations for expansion of its energy initiatives, operating results, business strategy,digital currency mining activities, the growth of its facilities and other statements regarding the expectations, beliefs, plans,intentionsand strategies of the Company.The Company has tried to identify these forward-looking statements by using words such as "expect," "target," "anticipate," "believe," "could," "should," "estimate," "intend," "may," "will," "plan," "goal" and similar terms and phrases, but such words, terms and phrases are not the exclusive means of identifying such statements. Actual results, performance and achievements could differ materially from those expressed in, or implied by, these forward-looking statements due to a variety of risks, uncertainties and other factors, including, without limitation: the successful deployment of energy solutions for residential and commercial applications; the fitness of the Company's energy hardware, software and other solutions for this particular application or market; the success of its digital currency mining activities; the expectations of future revenue growth may not be realized; ongoing demand for theCompany's software products and related services; the impact of global pandemics (including COVID-19)on logistics and shippingand the demand for our products and services; and other risks described in the Company's prior press releases and in its filings with the Securities and Exchange Commission (SEC), including under the heading "Risk Factors" in the Company's Annual Report on Form 10-K and any subsequent filings with the SEC. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof, and we undertake no obligation to revise or update this pressrelease (including any forward-looking statements contained herein) to reflect events or circumstances after the date hereof.

Investor Relations Contact:Matt Schultzir@cleanspark.com

Media Contacts:IsaacHolyoak

pr@cleanspark.com

BlocksBridgeConsultingNishant Sharmacleanspark@blocksbridge.com

Attachment

-- CleanSpark's Sustainable Bitcoin Mining Operations in Atlanta

Isaac HolyoakCleanSpark, Inc.pr@cleanspark.com