Bitcoin (BTC) mining firm CleanSpark is planning to continue its strategy of scooping up distressed mining company assets this year.
The Bitcoin miner released its fiscal Q1 earnings presentation on Feb. 9, where the company said it remained optimistic about the coming year and continued growth.
Chief Financial Officer, Gary Vecchiarelli, said CleanSpark has seen “explosive growth” in the last 12 months and feels very comfortable with its plans. He added that growth in terms of mergers and acquisitions would continue into 2023.
“With respect to our strategy regarding M&A, we have been one of the most active miners to date in acquiring infrastructure and machines, and we will continue to be active.”
“We are still buyers in this market, and our strategy has not changed,” he added before stating that “we don’t feel compelled to go out and have to do M&A. But obviously, if we see a good deal, we’ll take advantage of that.”
Our earnings call is about to go live. Just a reminder, we’re a 9/30 year end, so this is our Q1 ‘23 filing. Hope you’ve got a moment to join…