Bitcoin

<a href="https://ultramining.com/news/en/cleanspark-doubles-down-on-bitcoin-mining-with-55m-expansion/">CleanSpark</a> Inc, a prominent player in the cryptocurrency <a href="https://ultramining.com/news/en/texas-residents-challenge-bitcoin-mining-industrys-impact-on-power-grid-and-communities/">mining industry</a>, has announced significant progress and record-breaking statistics for August 2023, cementing its status as a powerhouse in the sector. 
At the outset, the company reported a considerable increase in <a href="https://ultramining.com/news/en/rising-mining-difficulty-squeezes-bitcoin-miners-sparks-accumulation-among-whales/">Bitcoin holdings</a>, reaching a remarkable 1,677 BTC, with a monthly <a href="https://ultramining.com/news/en/bitcoin-miners-set-for-a-tough-ride-as-2024-halving-nears-jp-morgan/">production</a> of 659 bitcoins. This achievement not only marks them as a major player in the industry but also underscores the impressive blend of innovation and efficiency at the company, as demonstrated by an escalated operating <a href="https://ultramining.com/news/en/impending-bitcoin-halving-may-trigger-major-hashrate-decline-say-experts/">hashrate</a> of 9.3 EH/s. 
CEO Zach Bradford highlighted August as a milestone month for <a href="https://ultramining.com/news/en/cleanspark-doubles-down-on-bitcoin-mining-with-55m-expansion/">CleanSpark</a>, attributing the success to the 50MW expansion in Washington which facilitated unprecedented daily <a href="https://ultramining.com/news/en/bitcoin-miners-set-for-a-tough-ride-as-2024-halving-nears-jp-morgan/">production</a> levels. Despite challenging weather conditions, the firm maintained high operational uptime, showcasing resilience and potentially positioning them as a leading figure among North America's publicly traded miners. 
On the financial side, the company garnered around $1.2 million from selling 43 bitcoins at an average price of approximately $28,200 per BTC. This move not only strengthened their financial stance but also contributed to the increase in their Bitcoin reserve, which stands at an impressive total of 1,677 BTC. The steady daily mined average reflected robust performance, peaking at 22.11 bitcoins. 
Infrastructure-wise, <a href="https://ultramining.com/news/en/cleanspark-doubles-down-on-bitcoin-mining-with-55m-expansion/">CleanSpark</a> is rapidly advancing its expansion in Sandersville, GA, with the construction of a facility that will house 230MW of high-efficiency bitcoin mining machines. In coordination with the Municipal Energy Authority of Georgia, a 200MW substation is also in the works to support the expansion, with completion anticipated by early 2024. These developments herald a promising trajectory towards achieving a target operational <a href="https://ultramining.com/news/en/impending-bitcoin-halving-may-trigger-major-hashrate-decline-say-experts/">hashrate</a> of 16 EH/s. 
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CleanSpark Sets New Industry Standards in August 2023

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