CleanSpark’s amped hashrate mined 445 Bitcoin in June

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As a seasoned crypto investor with a keen interest in Bitcoin mining, I’m thrilled to see CleanSpark’s impressive performance following the Bitcoin halving event in April. The company’s ability to add five new mining facilities in Georgia and exceed its operational hashrate target is a testament to their resilience and strategic planning.

In the bustling month of June, CleanSpark experienced a surge in mined Bitcoin and a twofold rise in hashrate as compared to the last year-end figure.

In a press release on Tuesday, CleanSpark reported mining 445 Bitcoins (BTC) in June following the addition of five new mining facilities in Georgia. The mining company exceeded its mid-year goal of achieving a 20 Exahash per second (EH/s) operational hashrate.

“CEO Zach Bradford remarked, ‘We’re still working to optimize performance at our current locations. Excitedly, we anticipate new prospects in Wyoming and Tennessee.’ “

Last month’s mining data from CleanSpark demonstrates the company’s resilience following the Bitcoin halving that occurred in April. Every four years, this event reduces mining rewards by half. Compared to the 0.61 BTC mined per day in June 2021, CleanSpark extracted 0.57 BTC daily last month – a minimal decrease considering the significant change in Bitcoin’s code.

As a researcher examining the cryptocurrency mining industry, I’ve discovered that Bradford mentioned the company’s unwavering commitment to enhancing mining hashrate and boosting revenue post-halving. Concurrently, other miners are grappling with challenges and considering potential business sales as a means to enhance shareholder value.

The post-halving achievements of CleanSpark, a mining startup, have garnered admiration in the cryptocurrency industry. According to crypto.news, the company has enhanced its mining capabilities by increasing its hashrate and extracting more Bitcoin over the past few months. In a significant move, Bradford’s firm procured GRIID infrastructure in a $155 million transaction. Analysts at H.C. Wainright remain optimistic about CleanSpark’s stock (CLSK), which has surged by 58% year-to-date and was priced at $17.19 on the Nasdaq at the time of reporting.

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2024-07-02 21:11