CleanSpark Achieves 145% Yearly Increase in Bitcoin Mining Hashrate
CleanSpark has significantly increased its Bitcoin mining capabilities, achieving a 145% year-over-year growth in hashrate to 50 EH/s in June. This milestone underscores the company’s growing efficiency and competitive edge in the cryptocurrency mining industry. Last month, CleanSpark mined 685 BTC, valued at approximately $74.2 million, further cementing its status among the leading publicly traded companies in terms of Bitcoin holdings.
Strategic Expansions Boost Mining Capacity
CleanSpark expanded its operations by adding over 10 EH/s of capacity across facilities in four U.S. states. A notable $168 million investment in 26,000 Bitmain immersion mining rigs highlights the company’s commitment to scaling its operations effectively.
Navigating Market Challenges
Despite facing a record-high Bitcoin mining difficulty of 126.9 trillion, CleanSpark continues to adapt through strategic sales and adjustments to its holdings. Zach Bradford, CEO of CleanSpark, credits the company’s resilience to innovation and the dedication of its team.
- Year-over-year hashrate growth: 145%
- BTC mined in June: 685
- Total BTC holdings: 12,608
