9M
...
CleanSpark achieved a notable increase in its bitcoin mining activity in June, mining 445 bitcoin compared to 417 in May. This success stems from the acquisition of five new mining sites in Georgia, enabling the company to exceed its mid-year target with an operational hashrate of over 20 EH/s. In June, CleanSpark sold 8.06 bitcoin at an average price of approximately $67,514 per bitcoin.
CEO Zach Bradford highlighted the company’s focused strategy on boosting its bitcoin mining hashrate and revenue, emphasizing efficiency at existing sites and upcoming opportunities in Wyoming and Tennessee. The recent operational gains represent a significant milestone, more than doubling their hashrate since December, despite the April bitcoin halving, which reduced mining rewards by 50%.
Alongside its Georgia expansions, CleanSpark also acquired GRIID Infrastructure for $155 million. The company aims to reach 100 megawatts of operational power by year-end and has mined 3,614 bitcoin so far in 2023, holding 6,591 bitcoin as of June 30.
