CleanSpark (NASDAQ: CLSK) stock rose in pre-market trading Monday following the release of an unaudited update on its Bitcoin mining and operations for June 2024.
CleanSpark, a leading Bitcoin mining company, announced it mined 445 Bitcoin in June, contributing to a year-to-date total of 3,614 Bitcoin. As of June 30, the company held 6,591 Bitcoins after selling 8.06 Bitcoins last month at an average price of $67,514. The company maintained an average hashrate of 17.85 EH/s throughout June, resulting in an average daily mining of 14.83 Bitcoin.
CleanSpark noted that it outpaced its mid-year hashrate target of 20 EH/s following its acquisition of five new Bitcoin mining sites in Georgia.
Zach Bradford, CEO of CleanSpark, expressed pride in achieving this milestone, stating,
“We reached a tremendous milestone on our path to 50 EH/s and beyond. Surpassing 20 EH/s in operational hashrate is more than double our hashrate from December.”
Bradford further emphasized the company’s commitment to focusing on Bitcoin mining as a core revenue driver, contrasting it with peers exploring alternative income streams.
CleanSpark also updated investors on its recent agreement to acquire GRIID Infrastructure. The company confirmed the closing of its acquisition of five turnkey sites in Georgia, which provide 60 MW of immediately available data center infrastructure.
Once fully deployed, these sites will add 3.7 EH/s to the total hash rate. As of June 30, CleanSpark had deployed approximately 1.7 EH/s, with plans to bring an additional hash rate online in July.
CleanSpark (NASDAQ: CLSK) Stock Price Action
As of 09:29 a.m. (Eastern Time) Monday, CLSK stock traded at $16.37, marking a 1.99% increase compared to the previous trading session.
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