CleanSpark miner mined 417 bitcoins in the first month after halving

What’s new? One of the leading US mining companies CleanSpark has reported mining 417 bitcoins in May. Since the beginning of the year, the company has mined 3169 coins, and its accounts hold a total of 6154 BTC worth $438,89 million at the current Binance exchange rate. During the reporting period, CleanSpark mined an average of 13,45 BTC per day, with a record of 15 coins.

Press release

What else is known? During the month, the company sold only 2,43 BTC at an average price of $59 000 per coin. Its rig fleet has 134 464 units, energy efficiency reached 23,05 J/Th at the end of the reporting period, and the hashrate is currently at 17,97 EH/s.

CEO Zach Bradford noted that CleanSpark exceeded industry expectations for results in its first full month post-halving. In addition, the company achieved the highest hashrate in its history while improving efficiency.

According to the senior executive, given these factors, the company will quickly recover to pre-halving production levels.

The fourth halving of the bitcoin network took place on April 20. The event, which occurs every four years, halves the reward for mining blocks. This time, the reward was cut from 6,25 coins to 3,125 coins.

“Remarkably, our post-halving production has also outpaced what some of our peers achieved prior to the halving. We have continued with our progress and are making meaningful gains and upgrades,” Bradford stressed.

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CleanSpark is also actively seeking M&A opportunities. The company owns 11 data centers in the states of New York, Georgia, and Mississippi. In terms of capitalization among miners, it ranks second with $3,67 billion, behind only Marathon Digital.

CleanSpark shares are trading on the Nasdaq under the ticker CLSK at $16,09, having added 2,78% overnight. The growth since the beginning of the year amounted to 28%.

In January, CleanSpark announced the launch of a marketplace to sell mined bitcoins. In March, it announced its intention to issue additional securities for $800 million, after which CLSK shares momentarily collapsed by 10%.