CleanSpark, a leading Bitcoin mining company, has announced its latest Bitcoin mining update for the month of May. In this period, the company successfully mined 417 Bitcoin, bringing its total holdings to 6,154 BTC. Additionally, CleanSpark sold 2.43 BTC at an average price of approximately $59,000.
The company’s CEO, Zach Bradford, expressed his satisfaction with CleanSpark’s performance, stating that it exceeded industry expectations in the first full month following the Bitcoin halving. He also highlighted the company’s efficiency improvements and hashrate growth, which reached a peak of nearly 18 exahashes per second. Bradford further mentioned that CleanSpark is on track to rapidly recover its production to pre-halving levels.
In addition to operational advancements, CleanSpark is actively seeking mergers and acquisitions to enhance its growth. The company expects to close on its first site in Wyoming in the near future and continues to pursue other promising opportunities.
The update also highlighted progress on the Dalton expansion, which is set to increase CleanSpark’s hashrate by an additional 0.8 EH/s upon completion.