CleanSpark closed out a busy June with an increase in mined Bitcoin and a doubling of its hashrate compared to December.
According to a press statement on Tuesday, CleanSpark mined 445 Bitcoin (BTC) in June after adding five new mining facilities in Georgia. The mining startup also achieved its operational hashrate goal of 20 EH/s that was set in the middle of the year.
“We continue to maximize efficiencies in our existing locations and look forward to future opportunities in Wyoming and Tennessee,” said CEO Zach Bradford.
CleanSpark's mining numbers last month show the company's strength following Bitcoin's halving event in April, which occurs every four years and halves mining rewards. The company mined 46 BTC less than it did last June, a small difference considering Bitcoin's code changes.
Bradford added that the company is “fully committed” to increasing its mining hash rate and revenue after the halving, while other miners are facing difficulties and are considering selling their businesses to maximize shareholder value.
CleanSpark's post-halving performance has been the envy of the mining industry as the startup has improved its hashrate and mined more BTC in recent months. According to crypto.news, the Bradford company has also acquired the GRIID facility for $155 million, and analysts at HC Wainright are bullish on CLSK shares. CLSK is up 58% year to date and is trading at $17.19 on the Nasdaq at the time of writing.
