According to CryptoPotato, CleanSpark Inc. has surpassed its mid-year operational hashrate target of 20 exahashes per second (EH/s) by mining 445 Bitcoin (BTC) in June. This achievement comes after the acquisition of five new mining facilities in Georgia, which has boosted the company's overall capacity. In an unaudited Bitcoin mining and operations update for the month ending June 30, 2024, CleanSpark outlined its progress. Zach Bradford, CEO of CleanSpark, stated that the company's operational hashrate more than doubled from December, marking a significant milestone on their path to 50 EH/s and beyond.
By the end of June, CleanSpark had mined a total of 3,614 BTC for CY2024, holding 6,591 BTC and selling 8.06 BTC at an average price of approximately $67,514 per BTC. The company's deployed fleet consisted of 152,505 miners with a month-end fleet efficiency of 22.31 joules per terahash (J/Th) and a current hashrate of 20.4 EH/s. The average hashrate for the month was 17.85 EH/s, resulting in an average of 14.83 BTC mined daily, with a single-day high of 22.41 BTC. Bradford attributed their growth to the dedication of their teams and emphasized that CleanSpark remains focused on delivering results and increasing their Bitcoin mining hashrate and associated revenues.
CleanSpark's strategic growth plans include an agreement to acquire GRIID Infrastructure (Nasdaq: GRDI). The acquisition of five turnkey sites in Georgia has added 3.7 EH/s to their total hashrate, with 1.7 EH/s already deployed by the end of June. The remaining hashrate is expected to come online in July. The newly acquired sites in Georgia contribute 60 megawatts (MW) of infrastructure and feature interruptible-load designated power purchase agreements (PPAs) with load balancing capabilities, a unique advantage for utility providers and the power grid. The company also mentioned that its Dalton expansion is progressing well, with concrete pours for both building slabs completed and transformers set. Once fully operational, the Dalton campus, comprising four independent data centers, will operate at 2.4 EH/s. This 15 MW expansion is projected to be completed by September 2024.
