Hold onto your hats, folks! CleanSpark just mined 685 BTC last month—up from a measly 445 BTC in June 2024—valued at approximately $74.2 million. That’s enough to buy a small island or maybe even a yacht! 🏝️🛥️
How did they do it, you ask? Well, it’s all thanks to their 145% increase in operational hashrate, which jumped from 20.4 EH/s to 50 EH/s over the past year. CEO Zach Bradford credited the achievement to recent infrastructure expansions across four U.S. states and called it a “9.6% increase from the previous month.” Talk about a boss move! 😎
CleanSpark sold most of its June production, offloading 578 BTC. But don’t worry, their long-term holdings remain solid at 12,608 BTC, making them the seventh-largest Bitcoin-holding public company. Among mining firms, only MARA Holdings (50,000 BTC) and Riot Platforms (19,225 BTC) hold more, per BitcoinTreasuries.net. CleanSpark is coming for you, MARA and Riot! 🏃♂️💨
Bradford highlighted the shift in corporate treasury strategies, stating that Bitcoin acquisitions by companies have now outpaced ETF inflows for three straight quarters. Still, the market wasn’t entirely optimistic—CleanSpark’s stock dropped 8% on Monday amid broader Nasdaq losses tied to ongoing trade policy developments. But hey, who needs stocks when you’ve got all that sweet, sweet Bitcoin? 🤑
As mining difficulty climbs and profitability narrows, CleanSpark continues expanding. Since early 2024, the company has scaled operations in Georgia, Mississippi, Wyoming, and Tennessee, including a major $168 million order for Bitmain immersion rigs last August. CleanSpark is taking over the world, one Bitcoin at a time! 🌍💥
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2025-07-08 11:28