INSUBCONTINENT EXCLUSIVE:
The company posted an operational hashrate of 50 EH/s in June from 20.4 EH/s a year earlier, representing a 145.1% jump in mining capacity
Last month, it mined 685 BTC worth $74.2 million at current prices, from 445 BTC mined in June 2024
Its Bitcoin holdings now stand at 12,608 BTC, up slightly from 12,502 in May and placing it seventh among publicly traded companies,
according to BitcoinTreasuries.net.Top Bitcoin holders among public companies
Source: BitcoinTreasuries.netAmong Bitcoin miners, only two companies hold more BTC than CleanSpark: MARA Holdings and Riot Platforms
According to BitcoinTreasuries.net, MARA holds 50,000 BTC, making it the second-largest holder of Bitcoin among public companies
Source: Google FinanceBitcoin mining difficulty has hit an all-time high this year, reaching 126.9 trillion on May 31
Crypto miners are facing mounting financial pressure as block rewards decline and network difficulty rise, factors that can drive up
operational and energy costs.Since February 2024, CleanSpark has expanded its mining operations to include facilities in the US states of
Georgia, Mississippi, Wyoming and Tennessee
In August 2024, it bought 26,000 Bitmain immersion mining rigs in a $168 million deal.Magazine: Baby boomers worth $79T are finally getting
