CleanSpark, a Bitcoin mining company, has achieved a significant milestone by surpassing its mid-year hash rate target of 20 exahashes per second (EH/s). The company mined 445 Bitcoin in June, representing a 6.7% increase in production. This achievement places CleanSpark as the third largest Bitcoin miner in terms of hash rate, trailing behind Marathon Digital and Core Scientific. CleanSpark's CEO, Zach Bradford, has emphasized the company's commitment to increasing its hash rate and associated revenues, choosing to focus on Bitcoin mining rather than diversifying into alternative revenue streams. The company's strategy is to continue expanding its mining operations, with plans to reach 50 EH/s in the future. CleanSpark's stock price has experienced significant growth, up 55.6% in 2024 and 247.6% over the past 12 months.
Key Points:
CleanSpark surpassed its 20 EH/s hash rate target, reaching 20.4 EH/s.
The company mined 445 Bitcoin in June, a 6.7% increase from the previous month.
CleanSpark is now the third largest Bitcoin miner in terms of hash rate.
CleanSpark's CEO Zach Bradford emphasizes their focus on Bitcoin mining and plans to reach 50 EH/s.
CleanSpark's stock price has risen significantly, up 55.6% in 2024 and 247.6% over the past 12 months.
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