Skip to main content

CleanSpark Mines 697 Bitcoin in January

By

CleanSpark Mines 697 Bitcoin in January 



According to CleanSpark, the company mined a record 697 bitcoin in a single month, up 50% from what was mined in December 2022. 

Zach Bradford, CEO of CleanSpark, said, "We had a great month, and not only because we mined a record number of bitcoin." We achieved 98% uptime across all of our sites, making it the most reliable month ever for us.

Additionally, the business disclosed that its bitcoin holdings have increased by 32% since December 2022 to 301 BTC. The company sold 624 bitcoins in January 2023 for an average price of about $19K per BTC, funding operations and growth, the paper said. BTC sales generated earnings of almost $11.9 million. 

With a hash rate of 6.6 EH/s, CleanSpark now has a fleet of over 66,000 most recent generation bitcoin miners, an increase of 7% from December 2022 and 214% from January 2022, respectively. Just a month ago, CleanSpark announced the start of construction on its 50 MW expansion in Washington, Georgia, which will house the company's newest bitcoin mining operation.

The business has faced difficulties, though; it is currently the subject of a lawsuit brought by an investor, and most recently, a law firm is looking into the company's officers and directors. In court, the most recent motion to dismiss that case was turned down. 

Despite these changes, the business is still moving on with its expansion plans and is upbeat about its chances for the future in the bitcoin mining sector.

Article Credit: Bitcoin Magazine

Join thousands of investors, Bitcoin B2B and Institutional at the World's Largest Bitcoin Mining Conference & Expo- Mining Disrupt July 25-27, 2023 in Miami. Get your Tickets now at https://miningdisrupt.com

Chat, Network and Connect with many thousands of Miners and Professionals on the official Mining Disrupt Telegram Group: https://t.me/MiningDisruptOfficial

Mining Disrupt email: conference@miningdisrupt.com




Comments

Post a Comment

Popular posts from this blog

A Joint Venture Between Atlas Power and Giga Energy Will Use Stranded and Flare Gas for Bitcoin Mining

By
A Joint Venture Between Atlas Power and Giga Energy Will Use Stranded and Flare Gas for Bitcoin Mining A ground-breaking joint venture to use stranded and flared gas for Bitcoin mining operations has been announced by Atlas Power, a leading provider of Bitcoin mining infrastructure led by CEO Kevin Washington and COO Jeff Young, and Giga Energy, a pioneer in cutting-edge gas-to-energy solutions founded by Brent Whitehead and Matt Lohstroh. This alliance hopes to capitalize on the rising demand for eco-friendly and effective Bitcoin mining solutions while addressing environmental issues related to gas flaring. In the joint venture, Atlas Power will supply cutting-edge Bitcoin mining equipment, and Giga Energy will offer its knowledge in capturing and converting flare gas into power. Through their cooperation, the businesses are able to conserve a resource that would otherwise be wasted, lower their greenhouse gas emissions, and profit from the energy-intensive Bitcoin mining process. Th...
Post a Comment
Read more

Eureka Digital Mining Signs Distribution Agreement with Green Hash Co.

By
Eureka Digital Mining Signs Distribution Agreement with Green Hash Co. October 25, 2023, at the Blockchain Life 2023 exhibition in Dubai UAE- Shenzen Green Hash Co Ltd. and Eureka Digital Mining Inc. officially signed a strategic cooperation agreement for the distribution of their industry leading direct chip cooler hydro mining infrastructure to the North American mining market and select global projects / clientele. "We are very excited for his amazing partnership, expanding upon our commitment to the bitcoin mining community to deliver the most efficient and innovative solutions in the immersion and now direct chip cooling space. Green Hash's premier line of hydro products will allow us to continue to deliver smart and highly efficient mining systems to our client base as they prepare for the halving" says Bryan Davies, President of Eureka Digital Mining.  George Duran, President of Green Hash states "Green Hash's strengths are in: research and design, enginee...
Post a Comment
Read more

Revolutionary Bitcoin Mining Product from Zebacus is Released - Zebacus Pool

By
Revolutionary Bitcoin Mining Product from Zebacus is Released - Zebacus Pool The cutting-edge cryptocurrency platform Zebacus has introduced a brand-new Bitcoin mining service called Zebacus Pool. Based on the current price of Bitcoin, this dynamic platform offers traders the chance to purchase terahash with a projected return of less than two years. Zebacus offers $5 worth of bitcoin terahashes as part of its launch promotion, which are displayed on the dashboard after registration. Zebacus wants to provide its users with a global one-stop shop for bitcoin solutions. Zebacus is creating a variety of goods and services to meet the demands of its consumers with the aim of supplying cutting-edge technology to expedite crypto transactions. One of Zebacus' main services is its bitcoin mining platform, which is operational and accessible to those that are interested in cryptocurrencies. The mining platform offers consumers a practical way to take part in Bitcoin mining. Zebacus intends ...
Post a Comment
Read more