CleanSpark Doubles Operating Hashrate Mining 445 Bitcoin in June
Bitcoin miner CleanSpark Inc. reports an increase in its Bitcoin production for June, mining a total of 445 Bitcoins.
CleanSpark surpassed its mid-year target for operational hashrate, which now exceeds 20 exahashes per second (EH/s). This development marks a doubling of the company’s hashrate since December 2023.
The achievement of this mid-year target is attributed to CleanSpark’s strategic acquisition of five new Bitcoin mining sites in Georgia.
The sites have contributed a substantial 60 megawatts (MW) of infrastructure, including interruptible-load designated power purchase agreements (PPAs) with load balancing capabilities.
Introducing $CLSK's June 2024 #Bitcoin mining update:
*Monthly production: 445
*Current #hashrate: 20.4 EH/s
*Total #BTC holdings: 6,591
*Deployed fleet: 152,505
*Month-end fleet efficiency: 22.31 J/TH
*Approximately 1.7 EH/s from our recent closing of five sites in GA have… pic.twitter.com/Z2hN9KeyFZ
— CleanSpark Inc. (@CleanSpark_Inc) July 2, 2024
“We reached a tremendous milestone on our path to 50 EH/s and beyond. Surpassing 20 EH/s in operational hashrate is more than double our hashrate from December,” said CleanSpark’s CEO, Zach Bradford.
“Doubling our hashrate takes grit and teamwork, and our growth is a testament to the dedication of our teams. While our peers are exploring other avenues of income, we’re laser-focused on delivering results and increasing our Bitcoin mining hashrate and associated revenues,” adds Bradford.
The CEO’s statement highlights CleanSpark’s focus on scaling its Bitcoin mining operations. This focus is in stark contrast to some of its industry rivals, who are diversifying their business models to include other forms of revenue.
In June, CleanSpark entered into a merger
