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CleanSpark capped a busy June with an uptick in mined Bitcoin and a 2x increase in hashrate compared to December.
According to a Tuesday press statement, CleanSpark mined 445 Bitcoin (<a href="https://crypto.news/price/bitcoin/" target="_blank" rel="noopener noreferrer nofollow">BTC</a>) in June after adding five new mining facilities in Georgia. The mining startup also surpassed its 20 EH/s operational hashrate target set for mid-year.
“We continue to maximize efficiency at our existing sites and look forward to the opportunities ahead of us in Wyoming and Tennessee,” <a href="https://www.prnewswire.com/news-releases/cleanspark-releases-june-2024-bitcoin-mining-update-302187742.html" target="_blank" rel="noopener noreferrer nofollow">said</a> CEO Zach Bradford.
CleanSpark’s mining numbers for last month indicate strength from the company after the Bitcoin halving event in April. A <a href="https://crypto.news/?s=halving" target="_blank" rel="noopener noreferrer nofollow">halving</a> happens every four years and cuts mining rewards in half. The company mined 46 less BTC than last June, a modest difference considering Bitcoin’s code change.
You might also like: <a href="https://crypto.news/greenpeace-bitcoin-mining-companies-are-hiding-energy-data-wall-street-is-responsible/" rel="noopener noreferrer nofollow"> Greenpeace: Bitcoin mining companies are hiding energy data, Wall Street is responsible </a>
Bradford added that the firm is “laser-focused” on increasing mining hashrate and generating more revenue following the halving. Meanwhile, other miners are facing difficulties and exploring business sales to maximize shareholder value.&nbsp;
CleanSpark’s post-halving performance has been the envy of the mining landscape as the startup has improved its hashrate and mined more BTC in recent months. Per crypto.news, Bradford’s firm also <a href="https://crypto.news/cleanspark-acquiring-griid-infrastructure-in-155-million-all-stock-deal/" target="_blank" rel="noopener noreferrer nofollow">acquired</a> GRIID facilities in a $155 million deal, and analysts at H.C. Wainright are <a href="https://crypto.news/analyst-cleansparks-acquisition-of-griid-reiterates-clsk-as-a-buy/" target="_blank" rel="noopener noreferrer nofollow">bullish</a> on the CLSK stock. CLSK is up 58% year-to-date and changed hands for $17.19 on the Nasdaq as of writing.
Read more: <a href="https://crypto.news/analyst-cleansparks-acquisition-of-griid-reiterates-clsk-as-a-buy/" rel="noopener noreferrer nofollow"> Analyst: CleanSpark’s acquisition of GRIID reiterates CLSK as a Buy </a>

CleanSpark’s amped hashrate mined 445 Bitcoin in June

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