A company that is changing the way the world mines bitcoin

Seeking Alpha 2024-12-03 14:51:52

CleanSpark mines 622 bitcoins in November

CleanSpark ( NASDAQ: CLSK ) mined 622 bitcoins in November, achieving daily production high of over 21 bitcoin. That marks a fall from 655 bitcoins produced in October. Throughout the month, CleanSpark’s ( CLSK ) average hashrate was 32.32 EH/s and average fleet efficiency was 19.59 J/Th, resulting in an average of 20.72 bitcoin mined daily. The company increased hashrate and efficiency month over month by over 7% and 6%, respectively. Its bitcoin holdings as of Nov 30 came in at 9,297. "Our teams have been relentlessly executing, making progress towards our year-end hashrate goal of 37 EH/s while improving our efficiency," said CleanSpark CEO Zach Bradford. "Two turnkey bitcoin mining sites near Clinton, MS, have been completed and are expected to be fully operational providing an added 1 EH/s by the end of this week. We then expect expansion projects in Tennessee to go live by mid-month, that paired with our ongoing upgrades will bring us over our year-end target of 37 EH/s. We have our eyes on 2025, and our plan is to continue growing beyond 50 EH/s in the coming quarters." CLSK shares were down around 9% . More on CleanSpark CleanSpark Stock: Still Way Too Cheap After Q4 Earnings Results CleanSpark, Inc. (CLSK) Q4 2024 Earnings Call Transcript CleanSpark, Inc. 2024 Q4 - Results - Earnings Call Presentation CleanSpark GAAP EPS of -$0.69 misses by $0.09, revenue of $378.97M misses by $6.7M Crypto stocks thrust into trading focus as bitcoin hunts for $100K price, IBKR says