2024

Bitcoin

<a href="https://ultramining.com/news/en/cleanspark-doubles-down-on-bitcoin-mining-with-55m-expansion/" rel="noopener noreferrer nofollow">CleanSpark</a> Inc. (Nasdaq: CLSK), dubbed America's Bitcoin Miner™, has disclosed its unaudited bitcoin mining figures for March 2024, marking a significant milestone in its operations. The company successfully mined 806 bitcoin, a 24% increase from its February figures, elevating its total <a href="https://ultramining.com/news/en/rising-mining-difficulty-squeezes-bitcoin-miners-sparks-accumulation-among-whales/" rel="noopener noreferrer nofollow">bitcoin holdings</a> to 5,021, according to <a href="https://www.prnewswire.com/news-releases/cleanspark-releases-march-2024-bitcoin-mining-update-302104283.html" rel="noopener noreferrer nofollow">Prnewswire</a>.&nbsp;
This surge in productivity is attributed to the first full month of operations following the expansion in Sandersville and the inauguration of new sites in Mississippi, boosting the operating <a href="https://ultramining.com/news/en/impending-bitcoin-halving-may-trigger-major-hashrate-decline-say-experts/" rel="noopener noreferrer nofollow">hashrate</a> to over 16 EH/s. Zach Bradford, CEO of CleanSpark, expressed satisfaction with the results, highlighting the strategic investments and operational enhancements that paved the way for a record-setting month.
With a robust bitcoin treasury and a cash balance exceeding $300 million, CleanSpark is positioning itself as a formidable player in the upcoming merger and acquisition season within the bitcoin <a href="https://ultramining.com/news/en/texas-residents-challenge-bitcoin-mining-industrys-impact-on-power-grid-and-communities/" rel="noopener noreferrer nofollow">mining industry</a>. The company has completed the payment for all 160,000 S21s announced in January, reinforcing its operational foundation to excel post-<a href="https://ultramining.com/news/en/heat-waves-and-halving-bitcoin-miners-cash-in-amid-rising-prices/" rel="noopener noreferrer nofollow">halving</a>.
Looking ahead, CleanSpark anticipates engaging in significant acquisition activities, leveraging its strong balance sheet and capital resources. The focus remains on identifying and capitalizing on consolidation opportunities within the sector, adhering to the CleanSpark standard.
Key highlights from the March 2024 Bitcoin Mining Update include:
- A total of 806 bitcoin mined, bringing the CY2024 figure to 2,031 bitcoin.
- An increase in total bitcoin holdings to 5,021.
- An operational fleet of 133,963
- A current hashrate of 16.4 EH/s.
CleanSpark's operational advancements are also evident in the near completion of its Dalton acquisition, which is expected to increase the company's operating hashrate to over 17 EH/s upon full activation. This development is part of CleanSpark's ambitious plan to reach a 20 EH/s hashrate in the coming quarter.

CleanSpark Achieves Record Bitcoin Mining in March with Over 800 BTC Mined

Ultramining_Eng

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