|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cryptocurrency News Articles
CleanSpark Mined 493 BTC in September, Bringing Its Total Treasury Holdings to 8,049
Oct 04, 2024 at 01:46 am
Bitcoin miner CleanSpark mined a total of 493 BTC in September, according to details in an unaudited update published on Oct. 4.
Bitcoin miner CleanSpark (NASDAQ:CLSK) had a banner year in FY2024, with key metrics like hashrate, bitcoin treasury holdings and mining capacity surging.
According to details in an unaudited update published on Oct. 4, CleanSpark mined a total of 493 BTC in September. This brought the company’s total bitcoin mined year-to-end September to 5,079. Moreover, total BTC mined in FY2024 rose to 7,098. With these figures, the total Bitcoin treasury holdings rose to 8,049 as of Sept. 30.
While the increase marked a 258% spike over the past year as of the end of Sept., CleanSpark noted it sold 2.5 BTC during the month.
Another year, another proven track record. 🏎️🛣️🏁
$CLSK finished FY2024 with over 8,000 #bitcoin in treasury, reaching 27.6 EH/s in hashrate and 552 MW of operational capacity at wholly-owned sites.
These are increases of 258%, 187% and 132% from FY2023 respectively.
Despite… pic.twitter.com/alcSQ6BIFw
— CleanSpark Inc. (@CleanSpark_Inc) October 3, 2024
Hashrate jumped to 27.6 EH/s
CleanSpark, a publicly-traded miner whose share price also rose significantly in the past year, also announced a surge in its hashrate. As of September 30, 2024, CleanSpark’s hashrate stood at 27.6 EH/s – up from 9.6 EH/s and indicating a one year increase of 187%. The company added 5 EH/s to its capacity in September.
In a comment, CleanSpark CEO Zach Bradford said the company grew its hashrate from 9.6 EH/s to 27.6 EH/s, or 187%, with 5 EH/s coming online just during the month of September. The company also executed its plan to strategically diversify its portfolio across three new states and completed multiple expansions at existing data centers.
What helped CleanSpark to grow its hashrate?
Growth was down to CleanSpark getting through the pre-halving and post-halving period and the closure of multiple acquisitions. It includes the GRIID Infrastructure deal and expansion to new sites in the US.
With the expansion efforts, and emerging from Hurricane Helene relatively unscathed means further hashrate growth. According to Bradford, CleanSpark could hit 30 EH/s by the end of October 2024 and forecast 50 EH/s in 2025.
The Bitcoin miner released its unaudited update as BTC price struggled amid negative sentiment around geopolitical chaos in the Middle East. At the time of writing, the flagship cryptocurrency traded around $60,663, down 1.5% in the past 24 hours and -7.3% over the past week.
CLSK, on the other hand, changed hands at $8.58, about 2.5% down on the day. The crypto stock was down 17.7% in the past five days.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
-
- Crypto Asset Supervisor Grayscale Launches New Funding Product Offering Publicity to Aave's Native Token, AAVE/USD
- Oct 04, 2024 at 05:25 am
- It allows customers to borrow cryptocurrency by utilizing their current tokens as collateral and in addition permits them to lend their crypto belongings to earn curiosity.
-
- Jerry Brito, the Original Executive Director of Coin Center, Is Preparing to Leave the Organization at the End of the Year
- Oct 04, 2024 at 05:10 am
- Why it matters: The organization began in 2014, when only a handful of elected leaders even knew what Bitcoin was. Today, you'd be hard-pressed to find one who didn't have an opinion about cryptocurrency.
-
- GambleFi Platform Rollblock [RBLK] Surges 200%, Pre-Sale Attracts Over 16,000 Investors
- Oct 04, 2024 at 04:25 am
- GambleFi is gaining traction in the crypto space, with Rollblock [RBLK] leading the charge. Recently surging 200%, RBLK has captured investors’ attention amidst bearish trends in major cryptocurrencies like Litecoin [LTC] and Chainlink [LINK].