Connect with us

Technology

CleanSpark Achieves 30 EH/s

Published

on

Expects to continue growth to 50 EH/s in 2025

LAS VEGAS, Oct. 10, 2024 /PRNewswire/ — CleanSpark Inc. (Nasdaq: CLSK), America’s Bitcoin Miner® (the “Company”), today announced it has achieved 30 EH/s (exahashes per second) in operational hashrate.

The Company’s hashrate has surged 200% since October 2023 through significant organic growth paired with turn-key acquisitions and the execution of a fleet upgrade, improving efficiency during the same period by nearly 20% and boosting the number of operational machines by 112%. The efficiency improvement strategy has resulted in increased computing power while consuming less energy and allowing for more hashrate to be generated with fewer machines.

The Company expects to surpass 37 EH/s before the end of 2024 and intends to continue its growth to 50 EH/s and beyond in 2025. Additional hashrate is anticipated to come online due to the expected acquisition closing of GRIID Infrastructure Inc this month. CleanSpark is one of the largest owned-and-operated publicly traded bitcoin miners in North America and has a portfolio of sites located in Georgia, Mississippi, Wyoming and Tennessee.

“Reaching 30 EH/s positions us as one of the largest bitcoin miners in the world. We have added more operational hashrate than any other miner in 2024. The results we continue to deliver demonstrate our commitment and ability to scale rapidly and with capital efficiency,” said Zach Bradford, CEO. “Our team’s agility, effectiveness and relentless grit has been paramount to the success of CleanSpark. Our efforts to time the market and lock in industry-best pricing on rigs and sites positioned us to take advantage of the opportunities in the market. During this period of rapid expansion of our operations, we have also grown our bitcoin treasury to over 8,049 bitcoin. Since October 2021, we have significantly increased our computing power year over year by quadrupling in 2022, nearly doubling in 2023 and tripling our hashrate in 2024.”

About CleanSpark
CleanSpark (Nasdaq: CLSK) is America’s Bitcoin Miner®. We own and operate multiple data centers that primarily run on low-carbon power. Our infrastructure responsibly supports Bitcoin, the world’s most important digital commodity and an essential tool for financial independence and inclusion. We cultivate trust and transparency among our employees and the communities we operate in. Visit our website at www.cleanspark.com.

Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. In this press release, forward-looking statements include, but may not be limited to, statements regarding the Company’s expectations, beliefs, plans, intentions, and strategies. In some cases, you can identify forward-looking statements by terms such as “may,” “will,” “should,” “expects,” “plans,” “anticipates,” “could,” “intends,” “targets,” “projects,” “contemplates,” “believes,” “estimates,” “forecasts,” “predicts,” “potential” or “continue” or the negative of these terms or other similar expressions. The forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to: achieving and surpassing 37 EH/s in 2024 and later achieving 50 EH/s; the build-out and energization of the two Clinton, Mississippi sites; the timing and closing of the Griid acquisition; the timing of and completion of construction and energization of the Wyoming data centers; anticipated additions and targets to CleanSpark’s hashrate and the timing thereof; the risk that the electrical power available to our facilities does not increase as expected; the success of its digital currency mining activities; the volatile and unpredictable cycles in the emerging and evolving industries in which we operate; increasing difficulty rates for bitcoin mining; bitcoin halving; new or additional governmental regulation; the anticipated delivery dates of new miners; the ability to successfully deploy new miners; the dependency on utility rate structures and government incentive programs; dependency on third-party power providers for expansion efforts; the expectations of future revenue growth may not be realized; 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 for the fiscal year ended September 30, 2023, and any subsequent filings with the SEC. Forward-looking statements contained herein are made only as to the date of this press release, and we assume no obligation to update or revise any forward-looking statements as a result of any new information, changed circumstances or future events or otherwise, except as required by applicable law.

Investor Relations Contact 
Brittany Moore
702-989-7693
ir@cleanspark.com 

Media Contact
Eleni Stylianou
702-989-7694
pr@cleanspark.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/cleanspark-achieves-30-ehs-302272572.html

SOURCE CleanSpark, Inc.

Continue Reading

Technology

Loomis Interim Report January – September 2026

Published

on

By

Record high revenue and operating margin (EBITA)

STOCKHOLM, Oct. 30, 2026 /PRNewswire/ —

President and CEO Aritz Larrea comments:
“We delivered a strong third quarter, with record-high revenue, operating income (EBITA) and operating margin (EBITA %). The consistent execution of our strategic priorities continues to drive growth and profitability across the business. Both segment USA and segment Europe and Latin America contributed to the performance, supported by strong demand for secure logistics and the management of high-value assets, as well as cash-handling automation solutions. Revenue exceeded SEK 8 billion, with currency-adjusted growth of 6.6 percent, while our EBITA margin increased by nearly two percentage points year–over–year to 15.1 percent.

We are well positioned to continue to invest in long-term growth opportunities, pursue value-creating acquisitions, and deliver attractive shareholder returns.”

Quarter 3, July – September 2026

Revenue for the quarter was SEK 8,161 million (7,644). The currency-adjusted growth was 6.6 percent (7.1), of which organic growth was 5.8 percent (3.9) and acquisitions contributed 0.8 percent (3.2). Including the exchange rate effect, the total growth was 6.8 percent (0.3).Operating income (EBITA) 1) for the quarter was SEK 1,229 million (1,006) and the operating margin (EBITA) increased to 15.1 percent (13.2).Operating income (EBIT) before items affecting comparability for the quarter was SEK 1,177 million (961) and operating margin (EBIT) before items affecting comparability was 14.4 percent (12.6).Items affecting comparability during the quarter totaled SEK –24 million (–23), related to restructuring in the Europe and Latin America segment.Income before taxes for the quarter was SEK 986 million (789) and net income for the period was SEK 690 million (528).Basic earnings per share for the quarter were SEK 10.31 (7.80) and diluted earnings per share were SEK 10.26 (7.77).Cash flow from operating activities 2) was SEK 732 million (978) in the quarter. Cash flow from operating activities for the rolling twelve months was 84 percent (95) of operating income (EBITA).Net debt in relation to EBITDA was 1.52 times (1.65) in the quarter.Loomis expanded its presence in Latin America through the acquisitions of Transportadora del Interior in Argentina in July and Hermes Transportes Blindados in Peru in October.

1) Earnings Before Interest, Taxes, Amortization of acquisition-related intangible fixed assets, Acquisition-related costs and revenue and items affecting comparability.

2) Cash flow from operating activities is exclusive of impact from IFRS 16.

Report presentation today at 10.00 a.m. (CET)

The report will be presented in a webcast conference today at 10.00 am (CET) by President and CEO Aritz Larrea and CFO Tobias Hägglöv.

To follow the webcast, please follow this link.

The presentation materials and a recorded version of the conference will be available on https://www.loomis.com/en/investors/reports-and-presentations/ following the presentation.

For more information, please contact:

Jenny Boström  
Head of Sustainability and IR
ir@loomis.com
+46 79 006 45 92

Fredrik Hammarbäck
Media and External Communications Manager
media@loomis.com
+46 76 311 56 29

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/loomis-ab/r/loomis-interim-report-january—september-2026,c4417527

The following files are available for download:

https://mb.cision.com/Main/51/4417527/4346980.pdf

Loomis Interim Report January – September 2026

https://mb.cision.com/Public/51/4417527/99a0bf796ea81c6c.pdf

Loomis Interim Report January – September 2026 – press release

 

View original content:https://www.prnewswire.com/news-releases/loomis-interim-report-january–september-2026-302924677.html

SOURCE Loomis AB

Continue Reading

Technology

BC Tech Announces 2026 Technology Impact Awards Winners, Celebrating the Companies and Leaders Driving BC’s Tech Economy

Published

on

By

VANCOUVER, BC, Oct. 30, 2026 /CNW/ — BC Tech is proud to announce the winners of the 2026 Technology Impact Awards (TIAs), celebrating the outstanding companies and individuals who have made a significant impact on the BC tech industry.

The sold-out Annual TIAs gala brought together over 800 founders, executives, investors and ecosystem partners at Parq Vancouver. The event honoured 11 award winners and welcomed two new Innovators Hall of Fame inductees.

“Technology is a major driver of British Columbia’s economy, supporting 271,000 jobs and contributing $30.7 billion to provincial GDP,” said Jill Tipping, CEO and President of BC Tech. “Tonight’s winners and finalists showcase the strength of our sector, from startups just starting out to globally competitive anchor companies, and across areas where B.C. has real strengths, from AI to HealthTech. At a time when growing our economy has never mattered more, their success matters to all of BC.”

A highlight of the evening was the presentation of the Gamechanger – AI Award, recognizing BC companies leading the way in developing and deploying artificial intelligence. Presented by KPMG, the award recognized Variational AI for the company’s innovation and leadership in AI.

“AI is reshaping the global economy and BC has a tremendous opportunity to be at the forefront,” said Walter Pela, BC Regional Managing Partner and National AI Market Development Leader for KPMG in Canada. “The companies recognized through the TIAs this year are turning that opportunity into real impact, showing how BC innovation can drive productivity and help businesses compete globally.”

The highly anticipated Gamechanger – Deal of the Year Award, was presented by Vancity, honoured four finalists representing nearly $1 billion in investment – a powerful signal that B.C. companies and technologies are attracting global attention, serious capital and competing on the world stage. Kardium was announced as the award winner for their milestone $340 Million CAD financing deal.

“At Vancity, we know that backing bold ideas can create opportunity well beyond the deal itself,” said Wellington Hollbrook, CEO of Vancity “We are proud to celebrate the dealmakers, innovators and entrepreneurs behind some of B.C.’s most exciting growth stories and the ambitious companies they are helping to grow.”

The evening also welcomed Darren Entwistle, President and CEO of TELUS, and Joy Johnson, President and Vice-Chancellor of Simon Fraser University, into the BC Innovators Hall of Fame, recognizing their leadership and lasting contributions to British Columbia’s technology and innovation ecosystem.

The 2026 TIAs sponsors include Amazon, Aspect Biosystems, Bennett Jones, BFL, Blakes, Business in Vancouver, CIBC, Clarity, Clio, EDC, Electronic Arts, Fasken, Google, Hub International, Innovate BC, KPMG, Launchpad, Low Tide Properties, McCarthy Tétrault, MDA Space, National Bank of Canada, Osler, PBC Solutions, Pender Ventures, PwC, SAP, TELUS, Uber, Vancity and WELL Health.

2026 TIAs Winners and Hall of Fame Inductees

Innovators Hall of Fame | Presented by PwC

Darren Entwistle, President and CEO, TELUSJoy Johnson, President and Vice-Chancellor, Simon Fraser University

Gamechanger – AI | Presented by KPMG

Winner: Variational AIFinalists: Clarius, INETCO, SimplyAsk, Unblocked

Gamechanger – HealthTech | Presented by Aspect Biosystems

Winner: IKOMED TechnologiesFinalists: Jane, mlHealth360, PBC Solutions, SimuHealth

Gamechanger – Industry Innovation | Presented by Innovate BC

Winner: Ideon TechnologiesFinalists: Freightera, PressReader, Quandri

Gamechanger – Climate Leadership | Presented by MDA Space

Winner: CO280Finalists: BCAA, Miraterra, Veritree

Gamechanger – Company Culture | Presented by SAP

Winner: Charitable ImpactFinalists: Freightera, Global Relay, Clarity

Company of the Year – Startup | Presented by Electronic Arts

Winner: Lite-1 BioFinalists: Tersa Critical Minerals, Viridis

Company of the Year – Growth | Presented by Osler

Winner: SenseNetFinalists: Industrio, Kobalt.io, Variational AI, Workforce Wellness

Company of the Year – Scale | Presented by Clio

Winner: Novarc TechnologiesFinalists: Minga, Traction Complete, VRIFY

Company of the Year – Ambition | Presented by Bennett Jones

Winner: PhotonicFinalists: Corinex, KITS Eyecare, MyFO

Company of the Year – Anchor | Presented by Blakes

Winner: WELLSTAR TechnologiesFinalists: Absolute Security, Delta-Q Technologies

Gamechanger – Deal of the Year | Presented by Vancity

Winner: KardiumFinalists: pH7, Photonic, WELL Health

About BC Tech

BC Tech is the largest member-led technology non-profit in British Columbia, and we’re dedicated to turning startups and scaleups into the anchor companies of tomorrow. Our work supports members to grow and diversify their talent pool, acquire new customers, access capital and accelerate their scaleup journey. Technology is a key industry for BC’s future and builds resiliency in every industry. Today, every company is a tech company. 

To learn more visit wearebctech.com.

SOURCE BC Tech Association

Continue Reading

Technology

MediaGo Secures Double Wins at Les Cas d’OR 2026, Driving Real Business Growth with Deep-Funnel Optimization

Published

on

By

SAN FRANCISCO, Oct. 30, 2026 /PRNewswire/ — MediaGo, the leading global intelligent advertising platform, has won two prestigious honors at the French digital marketing awards Les Cas d’OR, including the Native Acquisition Strategy Award (Stratégie Acquisition native) and the highly coveted De Vinci Executive Education’s MBA MDIA Special Prize (Prix Spécial MBA MDIA). Achieved in collaboration with France’s leading lead generation agency hipto, this dual recognition underscores MediaGo’s technical strength and its ability to transform native acquisition into a highly effective sales engine.

As a highly authoritative award in the French digital marketing industry, Les Cas d’OR focuses on technological innovation, business growth, and real commercial value. The Native Acquisition Strategy Award was evaluated by a highly professional panel of industry leaders, including top executives from major insurance companies, leading automakers, and premier 4A advertising agencies. Furthermore, the “MBA MDIA Special Prize,” judged by a parallel jury of industry experts and digital marketing master’s students, recognized the joint case for its solid operational logic and its ability to combine platform mechanics with high-quality signals to drive real commercial change and conversions.

As advertisers increasingly rely on native advertising for growth, they still face common challenges: overcoming cold-start hurdles, ensuring creative compliance, and bridging the gap between upper-funnel lead volume and backend business outcomes. To address these pain points, MediaGo has developed a comprehensive, deep-learning-powered product matrix to maximize campaign performance and drive sustainable growth for global advertisers. This includes advanced capabilities like AD Learning, which transfers historical intelligence across campaigns to shorten the cold start, and Approval Copilot, an AI-powered creative assistant that provides real-time monitoring for smooth, fully compliant ad delivery.

Building on SmartBid 3.0—its core intelligent bidding product, MediaGo introduced SmartBid LoopMax this year, a deep-learning powered solution focused on deep-conversion optimization. By combining upper-funnel and deep-funnel conversion signals, LoopMax helps advertisers look beyond lead volume and optimize toward higher-value conversions that better reflect real business outcomes.

“We are thrilled to work alongside hipto to be recognized once again by Les Cas d’OR,” said Leo Ye, Head of Partnerships at MediaGo. “In today’s market, chasing upper-funnel lead volume is no longer enough. Our focus is to continuously advance our deep learning technology to help advertisers maximize ROI, bridging the lead quality gap to provide solutions that truly drive deep conversions and sustainable business growth.”

MediaGo will continue to advance its deep learning-driven advertising technology, evolving its solutions in step with advertisers’ needs to drive scalable, sustainable, and meaningful business outcomes.

About MediaGo

MediaGo is an intelligent advertising platform. Based on deep learning algorithms, MediaGo empowers businesses of all scales, creating tangible value for companies. With 12 operational centers worldwide, MediaGo has successfully provided localized and comprehensive business growth services to over 10,000 partners.

View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/mediago-secures-double-wins-at-les-cas-dor-2026-driving-real-business-growth-with-deep-funnel-optimization-302923434.html

Continue Reading

Trending