In June the amped hashrate successfully extracted 445 Bitcoin

CleanSpark, a mining startup, had a productive month in June with an increase in mined Bitcoin and a significant boost in hashrate compared to December. The company announced in a press statement on Tuesday that it mined 445 Bitcoin last month after adding five new mining facilities in Georgia. Additionally, CleanSpark exceeded its operational hashrate target of 20 EH/s that was set for mid-year.

CEO Zach Bradford expressed optimism about the company’s future prospects, stating, “We continue to maximize efficiency at our existing sites and look forward to the opportunities ahead of us in Wyoming and Tennessee.” CleanSpark’s mining performance in June demonstrated its resilience following the Bitcoin halving event in April. The halving, which occurs every four years, cuts mining rewards in half. Despite the code change, CleanSpark mined only 46 fewer BTC than it did in June of the previous year, indicating a modest difference.

Bradford emphasized that the company is focused on increasing its mining hashrate and generating more revenue following the halving. In contrast, other miners are facing challenges and considering selling their businesses to maximize shareholder value. CleanSpark’s post-halving performance has made it a standout in the mining industry, as the startup has consistently improved its hashrate and mined more BTC in recent months.

In addition to its mining success, CleanSpark made headlines with its acquisition of GRIID facilities in a $155 million deal. This move has further boosted the confidence of analysts at H.C. Wainright, who are bullish on the CLSK stock. As of now, CLSK is up 58% year-to-date and is being traded at $17.19 on the Nasdaq.

Overall, CleanSpark’s recent achievements in mining and acquisitions have positioned the company as a strong contender in the cryptocurrency industry, attracting positive attention from investors and analysts alike.