Key Takeaways
- CleanSpark mined 478 bitcoin and increased hashrate by 1.4 EH/s in August.
- 65 MW of new data center capacity is expected to go online in September.
- The company sold 2.5 bitcoin at an average price of $56,729 each.
CleanSpark Inc., a prominent Bitcoin miner, reported significant growth in its August 2024 operations. The company mined 478 bitcoin during the month, bringing its total for the year to 4,586 bitcoin. By the end of August, CleanSpark’s bitcoin holdings stood at 7,558, with only 2.5 bitcoin sold at an average price of $56,729 each.
The company also achieved a notable increase in its operating hashrate, adding 1.4 EH/s to reach 22.6 EH/s by the month’s end. Fleet efficiency was recorded at 22.70 J/Th, and the average hashrate throughout August was 21.3 EH/s, resulting in a daily average production of 15.43 bitcoin.
CleanSpark is set to further expand its capabilities in September, with 65 MW of new data center capacity expected to be fully operational. This includes 15 MW at the Dalton facility and 50 MW at the Sandersville site. The company is also progressing with the development of a 30 MW immersion-cooled facility in Wyoming, alongside other expansion projects in Tennessee.
CEO Zach Bradford emphasized the importance of these upgrades as the company nears the end of its fiscal year, anticipating a significant increase in bitcoin production.
