CleanSpark Mines 417 BTC in May, Boosts Holdings to 6,154 BTC
CryptoNewsTerminal Staff05 Jun, 2024
CleanSpark Mines 417 BTC in May, Boosts Holdings to 6,154 BTC
CleanSpark, a Bitcoin mining company based in the United States, has announced that it mined 417 BTC in May. This brings the company's total Bitcoin holdings to 6,154 BTC. In addition to mining Bitcoin, CleanSpark also sold 2.43 BTC in May at an average price of $59,000. The company's decision to sell a small portion of its Bitcoin holdings is likely due to the recent decline in the price of Bitcoin. Despite the recent market downturn, CleanSpark remains bullish on Bitcoin and continues to invest in its mining operations. The company recently announced plans to expand its mining capacity by 50% in the coming months. CleanSpark's success is a testament to the growing strength of the Bitcoin mining industry in the United States. As more and more companies enter the space, the United States is poised to become a major hub for Bitcoin mining.
