US cryptocurrency mining company CleanSpark increased its Bitcoin holdings in the last month of 2024, Intellegraph reported. The company cited improved efficiency and hash rate growth as reasons for the increase.
The report cited the rapid growth of mining power (the computing power used for mining) as a factor in its success. According to the report, Cleanspark mined 668 BTC in December, bringing its total for the year to 7.0 billion.
The company's hash rate increased by 287.9% year-on-year. Hash rate efficiency also improved by 33.3% year-on-year, with the operational hash rate expected to reach 39.1 by the end of 2024.
CleanSpark sold 12.65 BTC in December, equivalent to 58% of its average daily production for that month.
The average sale price was approximately $101,246, resulting in approximately $1.28 million in proceeds. Through 2024, Cleanspark will acquire seven properties in Knoxville, Tennessee, and increase mining capacity by $1.28 million.
At the time, the company announced that these new facilities would increase its hash rate by 22%.
Clinspark shares (CLSK) surged on January 6 but are still trading at less than half of their 52-week high.
At the end of 2024, Cleanspark will hold a total of 9,952 BTC, equivalent to approximately $1.01 billion. This puts Cleanspark at the same level as Tesla.
It has now become the fifth largest corporate Bitcoin holder in the world, surpassing MicroStrategy.
tegy and three other mining companies.
2025/01/07 16:37 KST
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