{"id":24200,"date":"2024-07-03T16:00:42","date_gmt":"2024-07-03T13:00:42","guid":{"rendered":"https:\/\/coinengineer.io\/?p=24200"},"modified":"2024-07-03T10:34:58","modified_gmt":"2024-07-03T07:34:58","slug":"cleanspark-surpasses-20-eh-s-bitcoin-mining-milestone","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/cleanspark-surpasses-20-eh-s-bitcoin-mining-milestone\/","title":{"rendered":"CleanSpark Surpasses 20 EH\/s Bitcoin Mining Milestone"},"content":{"rendered":"<p>In June, <strong>CleanSpark<\/strong> boosted its <strong>Bitcoin<\/strong> output by 6.7% and exceeded its mid-year hash rate objective of 20 exahashes per second (EH\/s).<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/cleanspark-surpasses-20-eh-s-bitcoin-mining-milestone\/#Excellent_Development_and_Strategic_Expansions\" title=\"Excellent Development and Strategic Expansions\">Excellent Development and Strategic Expansions<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/cleanspark-surpasses-20-eh-s-bitcoin-mining-milestone\/#Aim_Ahead_and_Industry_Position\" title=\"Aim Ahead and Industry Position\">Aim Ahead and Industry Position<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Excellent_Development_and_Strategic_Expansions\"><\/span>Excellent Development and Strategic Expansions<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>As of June 30, the Nevada-based miner sold just 8 of the 445 <strong>Bitcoin<\/strong> it produced, therefore boosting its total Bitcoin holdings to 6,591 BTC \u2013 value more than $4 billion at current rates. <strong>CEO Zach Bradford<\/strong> in a July 2 statement says CleanSpark&#8217;s hash rate now is 20.4 EH\/s, more than twice what it was in December.<\/p>\n<p><a href=\"https:\/\/coinengineer.net\/blog\/us-spot-bitcoin-etfs-see-largest-inflows-in-three-weeks-surging-130-million\/\"><em><span style=\"font-weight: 400;\">This Might Interest You: US Spot Bitcoin ETFs See Largest Inflows in Three Weeks, Surging $130 Million<br \/>\n<\/span><\/em><\/a><br \/>\nOnce 1.7 EH\/s of new miners were installed at five new Georgia sites, <strong>CleanSpark<\/strong> exceeded its mid-year objective. Once finished, these sites should generate an extra two EH\/s. A key indicator of mining activities is hash rate, the total aggregate computing capacity employed to mine transactions on the Bitcoin network.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Aim_Ahead_and_Industry_Position\"><\/span>Aim Ahead and Industry Position<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><strong>Trailing Marathon Digital and Core Scientific<\/strong> at 29.9 EH\/s and 20.4 EH\/s respectively, CleanSpark is now the third Bitcoin miner to break the 20 EH\/s milestone. Hashrate Index data shows. Emphasizing a targeted approach on raising Bitcoin mining hash rate and related income, Bradford said the company is currently aiming to attain a hash rate of 50 EH\/s.<\/p>\n<p>To find other income sources, some big Bitcoin miners\u2014including Core Scientific, TeraWulf, Hut 8 Corp, and Northern Data AG\u2014have entered the artificial intelligence and cloud computing industry recently. CleanSpark also announced a $155 million merger with GRIID Infrastructure on June 27, acquiring all issued and outstanding common shares of GRIID and absorbing its obligations along with an extra 20 megawatts of electricity under the arrangement.<\/p>\n<p>Google Finance data shows that<strong> CleanSpark&#8217;s (CLSK)<\/strong> shares dropped over 5.5% to $16.93 on July 2 despite rising Bitcoin output and the hash rate milestone. But CLSK is still up 55.6% in 2024 and 247.6% for the last 12 months.<\/p>\n<p><em><a href=\"https:\/\/t.me\/coinengineernews\"><span style=\"font-weight: 400;\">Click here to get the latest news from Coin Engineer!<\/span><\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In June, CleanSpark boosted its Bitcoin output by 6.7% and exceeded its mid-year hash rate objective of 20 exahashes per second (EH\/s). Excellent Development and Strategic Expansions As of June 30, the Nevada-based miner sold just 8 of the 445 Bitcoin it produced, therefore boosting its total Bitcoin holdings to 6,591 BTC \u2013 value more<\/p>\n","protected":false},"author":6,"featured_media":24201,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,657,1,2],"tags":[307,7145],"class_list":["post-24200","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-en","category-genel","category-news","tag-bitcoin-mining","tag-cleanspark"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>CleanSpark Surpasses 20 EH\/s Bitcoin Mining Milestone - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/cleanspark-surpasses-20-eh-s-bitcoin-mining-milestone\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CleanSpark Surpasses 20 EH\/s Bitcoin Mining Milestone - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"In June, CleanSpark boosted its Bitcoin output by 6.7% and exceeded its mid-year hash rate objective of 20 exahashes per second (EH\/s). 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