**CleanSpark's July Mining Report Highlights Expansion and Low BTC Sales**
CleanSpark, a prominent Bitcoin mining company, has released its July 2024 report, revealing it sold just 2.54 BTC at an average price of $62,000. The company mined 494 BTC in July, bringing its annual total to 4,108 BTC. As of July 31, CleanSpark holds 7,082 BTC in reserve.
Key updates include:
- Expansion into Wyoming with a new mining site and 75 megawatts of power.
- A new facility in Tennessee, operational with 50 megawatts of power.
- Current operating hashrate at 21.2 EH/s, aiming for 32 EH/s by year-end.
The report also reflects a broader trend of low BTC selling pressure among miners, with reserves at multi-year lows.
