- The U.S miner had 6,591 BTC as of June 30th, which is more than $4B at current pricing.
- The company is currently planning to hit the next milestone, which is 50 EH/s hashrate.
The Bitcoin mining firm CleanSpark achieved a 6.7 percent rise in Bitcoin output in June, surpassing its mid-year hashrate objective of 20 EH/s. The U.S miner had 6,591 Bitcoins (BTC) as of June 30th, which is more than $4 billion at current pricing. It only sold 8 of the 445 BTC it produced in June.
Zach Bradford, CEO of CleanSpark, said on July 2 that the company’s hashrate had doubled since December 2023, reaching 20.4 EH/s. After purchasing five more facilities in Georgia, USA, CleanSpark installed 1.7 EH/s of new miners, allowing its hashrate to achieve its mid-year goal of 20 EH/s.
Eyeing 50 EH/s Hashrate
The term “hashrate” describes the overall amount of processing power that the Bitcoin network uses to validate transactions. After the five sites in Georgia have concluded, an extra 2 EH/s are anticipated to emerge from them.
It follows Marathon Digital and Core Scientific, which both reached 29.9 EH/s and 20.4 EH/s, respectively, as the third Bitcoin miner to reach this milestone, according to Hashrate Index statistics. According to Bradford, his company is currently planning to hit the next milestone, which is 50 EH/s.
Core Scientific, TeraWulf, Hut 8 Corp, and Northern Data AG are among the big Bitcoin miners that have branched out into AI and cloud computing in the last few months, all in an effort to bring in more money.
On the other hand, on June 27, CleanSpark and GRIID Infrastructure announced a merger for $155 million. GRIID’s debts were inherited by CleanSpark, who also bought all of GRIID’s common stock, both issued and outstanding. As part of the deal, the Bitcoin miner also got 20 MW of extra power.
Highlighted Crypto News Today:
