CleanSpark Inc. has reached an impressive milestone in the world of Bitcoin mining. In the month of June alone, the company mined 445 BTC, surpassing its target of 20 exahashes per second (EH/s) for operational hashrate. This achievement was made possible by the acquisition of five new mining facilities in Georgia, which have significantly increased CleanSpark’s overall capacity.
In their recent update for June 2024, CleanSpark shared details of their progress in Bitcoin mining and operations. CEO Zach Bradford expressed his excitement over surpassing the 20 EH/s mark, highlighting the company’s dedication to reaching even greater heights in the future. With a current hashrate of 20.4 EH/s and a fleet efficiency of 22.31 joules per terahash (J/Th), CleanSpark is on a path to success.
Throughout the year, CleanSpark has mined a total of 3,614 BTC, with 6,591 BTC currently in their possession. By selling 8.06 BTC at an average price of $67,514 per BTC, the company has been able to generate significant revenue. The average hashrate for June was 17.85 EH/s, leading to an average of 14.83 BTC mined daily, with a peak of 22.41 BTC in a single day.
Bradford credited the company’s growth to the hard work and collaboration of their teams. While other companies may be exploring different avenues for income, CleanSpark remains focused on increasing their Bitcoin mining hashrate and delivering results. Looking ahead, CleanSpark is eager to maximize efficiency at existing sites and explore new opportunities in Wyoming and Tennessee.
In terms of strategic growth, CleanSpark recently announced an agreement to acquire GRIID Infrastructure, adding five new sites in Georgia to their portfolio. These sites contribute 3.7 EH/s to their total hashrate, with 1.7 EH/s already deployed by the end of June. The remaining hashrate is set to come online in July, further boosting CleanSpark’s mining capabilities.
The newly acquired sites in Georgia provide 60 megawatts (MW) of infrastructure and feature interruptible-load designated power purchase agreements (PPAs) with load balancing capabilities. This unique advantage benefits utility providers and the power grid, showcasing CleanSpark’s commitment to sustainable and efficient mining practices.
Furthermore, CleanSpark’s Dalton expansion is progressing smoothly, with concrete pours completed for building slabs and transformers in place. Once operational, the Dalton campus will house four independent data centers operating at 2.4 EH/s. This expansion, expected to be completed by September 2024, signifies CleanSpark’s continued growth and success in the Bitcoin mining industry.