CleanSpark Enhanced Bitcoin Production to 445 BTC in June, Targets 20 EH/s Hashrate

IconCryptoNewsTerminal Staff02 Jul, 2024

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CleanSpark Enhanced Bitcoin Production to 445 BTC in June, Targets 20 EH/s Hashrate

CleanSpark, a prominent bitcoin mining company (NASDAQ: CLSK), achieved a significant milestone in June by mining 445 BTC, surpassing its May production of 417 BTC, as reported by The Block. This marks a commendable growth trajectory for the company. In addition to its mining activities, CleanSpark strategically sold 8.06 BTC at an average price of $67,514 during June, further optimizing its revenue stream. Notably, CleanSpark held a substantial reserve of 6,591 BTC at the end of June, reflecting its long-term commitment to the cryptocurrency. CleanSpark's recent acquisition of five Bitcoin mining sites in Georgia has enabled the company to reach its target of 20 EH/s annualized hashrate. This significant expansion positions CleanSpark as a formidable player in the bitcoin mining industry. With its robust infrastructure and commitment to innovation, CleanSpark is well-positioned to continue its growth and contribute to the broader bitcoin ecosystem.

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