CleanSpark Mines Record 697 Bitcoin In January, A 50% Increase Since December

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The bit­coin min­ing firm is reap­ing the rewards of expan­sion as it had a record month with sol­id reliability.

CleanSpark has report­ed that the firm mined a record 697 bit­coin in a sin­gle month, an increase of 50% from Decem­ber 2022’s amount.

“We had a ban­ner month, and not just because we mined a record num­ber of bit­coin,” Zach Brad­ford, CEO of CleanSpark, said. “We also had our most reli­able month ever, achiev­ing 98% uptime across all of our sites.” 

The com­pa­ny also report­ed that its bit­coin hold­ings were now at 301 BTC, an increase of 32% since Decem­ber 2022. Accord­ing to the report, “The Com­pa­ny fund­ed growth and oper­a­tions through the sale of 624 bit­coins in Jan­u­ary 2023 at an aver­age of approx­i­mate­ly $19K per BTC. Sales of BTC equat­ed to pro­ceeds of approx­i­mate­ly $11.9 million.” 

CleanSpark cur­rent­ly has a fleet of approx­i­mate­ly 66,000 lat­est-gen­er­a­tion bit­coin min­ers with a hash rate of 6.6 EH/s, an increase of 7% from Decem­ber 2022 and up 214% from Jan­u­ary 2022 respec­tive­ly. Just last month, CleanSpark report­ed break­ing ground on its newest bit­coin min­ing facil­i­ty, a planned 50 MW expan­sion in Wash­ing­ton, Georgia. 

How­ev­er, the com­pa­ny has not gone with­out its chal­lenges, as it faces an investor law­suit, and most recent­ly, a law firm inves­ti­ga­tion into the offi­cers and direc­tors of the com­pa­ny. The lat­est motion to dis­miss that law­suit was denied in court. 

Despite these devel­op­ments, the com­pa­ny is con­tin­u­ing to move for­ward with its expan­sion plans, and is seem­ing­ly opti­mistic about its future prospects in the bit­coin min­ing industry. 

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