CleanSpark wrapped up a busy June with a surge in Bitcoin mined and a 2x increase in hashrate compared to December.
According to a press release on Tuesday, CleanSpark mined 445 Bitcoin (BTC) in June after adding five new mining facilities in Georgia. The mining startup also surpassed its mid-year operational target of 20 EH/s hashrate.
“We continue to maximize efficiencies at our existing locations and look forward to the opportunities that lie ahead in Wyoming and Tennessee.” He said CEO Zach Bradford.
CleanSpark’s mining numbers for the past month point to the company’s strength following the Bitcoin halving event in April. The halving occurs every four years and cuts mining rewards in half. The company mined 46 fewer bitcoins than it did last June, a modest difference considering the Bitcoin code change.
Bradford added that the company is “very focused” on increasing its mining hashrate and generating more revenue after the halving. Meanwhile, other miners are struggling and exploring business sales to maximize shareholder value.
CleanSpark’s post-halving performance has been the envy of the mining world as the startup has improved its hashrate and mined more BTC in recent months. According to crypto.news , Bradford also acquired GRIID facilities in a $155 million deal, and analysts at HC Wainright are bullish on CLSK stock. CLSK is up 58% year-to-date and is trading at $17.19 on the Nasdaq as of writing.