Although the challenges faced by BTC miners in the highly anticipated environment are challenging, CleanSpark’s Bitcoin production has increased by more than 50% year-on-year.
company Posted Operations in June Hashrate increased its mining capacity by 145.1% by 20.4 EH/sa years in June. Last month, it mined 685 BTC at its current price, worth $74.2 million, from 445 BTC mined in June 2024. EXA Hash per secondmeasurement of computing power.
“The unremitting efforts of our operations and technical teams have resulted in an increase of more than 10 eh/s in four states to achieve ambitious goals,” CleanSpark CEO and President Zach Bradford said in a statement. “This represents a monthly increase of 9.6%.
CleanSpark sold 578 BTC in June, most of which are the most of the monthly production. Its Bitcoin holdings are now 12,608 BTC, Slightly up Starting in May 12,502, putting it in publicly traded companies, according to Go to BitcoinReasuries.net.
Among Bitcoin miners, only two companies own BTC than CleanSpark: Mara Holdings and Riot Platforms. According to BitCoinReasuries.net, Mara has 50,000 BTC, making it the second largest holder of Bitcoin among publicly traded companies. Riot Platforms ranked fourth with 19,225 BTC.
“Companies around the world are embracing the value of Bitcoin’s enhanced balance sheet,” Bradford said. “In fact, corporate Bitcoin acquisitions surpassed net ETF inflows for the third consecutive quarter.”
Related: CleanSpark, which starts selling Bitcoin in the “self-raised” pivot
CleanSpark’s inventory slips in mining update
CleanSpark shares in Nasdaq failed on Monday decline 8% at the time of writing. The company’s stock follows a broader market trend, with the Nasdaq falling more than 1% as U.S. government talks about trade deals.
Bitcoin mining difficulty has risen all the time this year arrive On May 31, $126.9 trillion. Crypto miners are facing growing financial pressures as declining block rewards and increasing network difficulty can increase operational and energy costs factors.
CleanSpark has expanded its mining operations since February 2024, including facilities in U.S. states Mississippi Georgia,,,,, Wyoming and Tennessee. August 2024, 26,000 Bitmain immersion mines were purchased For $168 million in deal.
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