CleanSpark Releases July 2024 Bitcoin Mining Update, Mined 494 Bitcoin During The Month And Increases Treasury By 567% YoY

Author: Benzinga Newsdesk | August 02, 2024 09:03am

Mines 494 bitcoin during the month and increases treasury by 567% compared to same prior-year period

Officially expands into Wyoming and Tennessee

LAS VEGAS, Aug. 2, 2024 /PRNewswire/ -- CleanSpark Inc. (NASDAQ:CLSK), America's Bitcoin Miner®, today released its unaudited bitcoin mining and operations update for the month ending July 31, 2024.

"We made significant progress in two new states this month," said Zach Bradford, CEO. "Power agreements totaling 75 MW have been secured in Wyoming along with the closing of our first Bitcoin mining site in the state. In Tennessee, we began hashing under our agreements with GRIID infrastructure Inc. with 1 EH/s of additional hashrate added in July. We're continuing our trajectory of growth as we progress towards our target of 32 EH/s by the end of the year."

July Bitcoin Mining Update (unaudited)

• Bitcoin mined in July: 494
• CY2024 bitcoin mined: 4,108
• Total bitcoin holdings as of July 31: 7,082
• Total bitcoin sold in July: 2.54
• Deployed fleet: 160,900
• Fleet efficiency: 22.89 J/Th
• Month-end operating hashrate: 21.2 EH/s

The Company sold 2.54 bitcoin in July 2024 at an average price of approximately $62,070 per bitcoin. The average hashrate throughout the month of July was 20.07 EH/s resulting in an average of 15.94 bitcoin mined daily and a single day high of 16.55. The slight change in average fleet efficiency was due to the Company operating a portion of its fleet in higher power modes to maximize production at opportune times.

Posted In: CLSK