Bitcoin mining capacity of Bitcoin mining company CleanSpark has significantly increased in July 6.7, growing by 20%, surpassing the mid-year target of over 20 exahashes (EH/s) per second.
The U.S.-based company mined 8 BTC in 445, selling only 6,591 coins, increasing total holdings to 4 coins valued at nearly X billion USD.
CleanSpark’s CEO Zach Bradford announced in a statement on February XNUMX that the company’s hash rate is now 20.4 EH/s, double that of January 2023. Hash rate measures the total computational power used for mining and processing Bitcoin transactions.
According to hash rate index data, CleanSpark currently ranks third in BTC mining performance, trailing behind Marathon Digital (29.9 EH/s) and Core Scientific (also at 20.4 EH/s). Bradford stated that CleanSpark’s goal is to reach a speed of 50 EH/s next year. He shared:
Read more:
Bitcoin network fees drop by 90%—miners may continue to sell off
While some major companies like Core Scientific, TeraWulf, Hut 8 Corp, and Northern Data AG are shifting towards artificial intelligence and cloud computing, CleanSpark remains focused on enhancing its BTC mining capacity. Additionally, CleanSpark recently announced a merger with GRIID Infrastructure for $15.5 billion, acquiring all common stock and assuming its debt while gaining an additional 20 megawatts of capacity.
Despite the growth in the mining industry and achieving milestones in computing power, CleanSpark’s stock price fell to $55.6 on July 16.93, 2nd, However, the company’s stock price has risen by 247.6% year-to-date in 2024, a growth of XNUMX% compared to last year.
