CleanSpark Mines Record 697 BTC In January, Up 50% From Dec 2022
• CleanSpark reported mining a record 697 bitcoin in January 2023, an increase of 50% from December 2022.
• The company also reported that its total bitcoin holdings were up 32% to 301 BTC since December 2022.
• CleanSpark currently has a fleet of 66,000 latest-generation miners with a hash rate of 6.6 EH/s, and is expanding its operations with a new facility in Washington, Georgia.
CleanSpark Records Record Bitcoin Mining Month
CleanSpark reported that it mined a record 697 bitcoin in the month of January 2023 – an increase of 50% from December 2022’s amount. According to CEO Zach Bradford, the company had its most reliable month ever achieving 98% uptime across all sites.
Bitcoin Holdings Increased by 32%
The report further stated that CleanSpark’s total bitcoin holdings increased by 32%, now at 301 BTC since December 2022. To fund growth and operations, the Company sold 624 bitcoins at an average price of approximately $19K per BTC for proceeds totaling $11.9 million.
Mining Fleet Expansion
CleanSpark currently has a fleet of approximately 66,000 latest-generation miners with a hash rate of 6.6 EH/s – an increase of 7% from the previous month and 214% from January 2022 respectively. The firm also broke ground on its newest mining facility – a planned 50 MW expansion in Washington, Georgia – just last month.
Investor Lawsuit & Law Firm Investigation
Despite its successes, CleanSpark faces investor lawsuits and law firm investigations into officers and directors of the company; however their motion to dismiss was denied in court recently. Chief communications officer Isaac Holyoak commented that “This is a frivolous lawsuit and we will continue to vigorously defend ourselves” despite these developments.
Optimistic About Future Prospects
Despite these legal challenges, CleanSpark continues to move forward with expansion plans and remain optimistic about future prospects within the bitcoin mining industry