CleanSpark Mines Record 697 Bitcoin In January, A 50% Increase Since December


The bitcoin mining firm is reaping the rewards of expansion as it had a record month with solid reliability.

CleanSpark has reported that the firm mined a record 697 bitcoin in a single month, an increase of 50% from December 2022’s amount.

“We had a banner month, and not just because we mined a record number of bitcoin,” Zach Bradford, CEO of CleanSpark, said. “We also had our most reliable month ever, achieving 98% uptime across all of our sites.”

The company also reported that its bitcoin holdings were now at 301 BTC, an increase of 32% since December 2022. According to the report, “The Company funded growth and operations through the sale of 624 bitcoins in January 2023 at an average of approximately $19K per BTC. Sales of BTC equated to proceeds of approximately $11.9 million.”

CleanSpark currently has a fleet of approximately 66,000 latest-generation bitcoin miners with a hash rate of 6.6 EH/s, an increase of 7% from December 2022 and up 214% from January 2022 respectively. Just last month, CleanSpark reported breaking ground on its newest bitcoin mining facility, a planned 50 MW expansion in Washington, Georgia.

However, the company has not gone without its challenges, as it faces an investor lawsuit, and most recently, a law firm investigation into the officers and directors of the company. The latest motion to dismiss that lawsuit was denied in court.

Despite these developments, the company is continuing to move forward with its expansion plans, and is seemingly optimistic about its future prospects in the bitcoin mining industry. 

#CleanSpark #Mines #Record #Bitcoin #January #Increase #December


Related Posts

South Korea to examine crypto staking services following the Kraken case

[ad_1] As reported by a local publication on Feb. 15, Korean financial authorities are looking into the staking services market. However, as the unnamed official specified to…

Elon Musk Hints At New Twitter CEO At End-2023, Causes FLOKI To Skyrocket 45%

[ad_1] Elon Musk announced in December of last year that he will step down as CEO of Twitter once a replacement is found, but will continue to…

Bitcoin eyeing ‘next big move’ which could see $19K retest — analyst

[ad_1] Bitcoin (BTC) is headed to either $28,000 or $19,000 and this week could decide all, fresh analysis says. In Twitter comments on Feb. 15, popular trader…

Messari Analyst Reveals Why Polygon Is Set For Steady Growth

[ad_1] Through his tweet today, Messari analyst Tom Dunleavy singled out Polygon as a top-performing crypto asset and further described traits that set the cryptocurrency for further…

Sequoia Capital, Paradigm among VCs facing ‘tricky’ FTX investor lawsuit

[ad_1] Users of bankrupt crypto exchange FTX have reportedly taken aim at financiers who promoted the platform suggesting their efforts added an “air of legitimacy” to the…

Sen. Warren vows reintroduction of AML bill that extends to DAOs and DeFi

[ad_1] A bi-partisan anti-money laundering (AML) bill that covers “decentralized entities” such as decentralized finance (DeFi) protocols and DAOs will soon be reintroduced to Congress, according to…

Leave a Reply

Your email address will not be published. Required fields are marked *