Yahya 
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 – value more than $4 billion at current rates. CEO Zach Bradford in a July 2 statement says CleanSpark’s hash rate now is 20.4 EH/s, more than twice what it was in December.
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Once 1.7 EH/s of new miners were installed at five new Georgia sites, CleanSpark 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.
Aim Ahead and Industry Position
Trailing Marathon Digital and Core Scientific 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.
To find other income sources, some big Bitcoin miners—including Core Scientific, TeraWulf, Hut 8 Corp, and Northern Data AG—have 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.
Google Finance data shows that CleanSpark’s (CLSK) 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.
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