GlobeNewswire Inc | Jan 20, 2022 02:03PM EST

January 20, 2022

LAS VEGAS, Jan. 20, 2022 (GLOBE NEWSWIRE) -- CleanSpark, Inc. (Nasdaq: CLSK) (the "Company" or "CleanSpark"), a sustainable bitcoin mining and energy technology company, today released a statement responding to this mornings congressional hearing on crypto mining, Cleaning Up Cryptocurrency: The Energy Impacts of Blockchains.

We are at the precipice of a lifetime opportunity to develop energy. And thats because of Bitcoin. While it is true that bitcoin mining consumes a lot of energy, the energy it consumes is transparent and knowable in almost real-time. Bitcoin mining is also leading to the development of new energy infrastructure by allowing for a faster payback on renewable energy projects such as solar and wind.

The question for regulators isnt about how much energy bitcoin uses, but about what kind of energy it uses. We believe that bitcoin miners can be partners in the important work of decarbonizing our economy.

About CleanSparkCleanSpark, Inc., a Nevada corporation, is a sustainable bitcoin 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.

Investor Relations Contact:Matt Schultzir@cleanspark.com

Media Contacts:Isaac Holyoakpr@cleanspark.com

BlocksBridge ConsultingNishant Sharmacleanspark@blocksbridge.com

Isaac HolyoakCleanSpark, Inc.pr@cleanspark.com