CleanSpark Mines Record 697 BTC, Doubling December 2022 Amount

• CleanSpark reported that it mined 697 bitcoin in a single month, an increase of 50% from December 2022’s amount.
• The company also reported its bitcoin holdings were now at 301 BTC, with a hash rate of 6.6 EH/s and a fleet of approximately 66,000 miners.
• The company recently broke ground on its newest mining facility, but is facing investor lawsuits as well as law firm investigations into the officers and directors.

CleanSpark Reports Record Bitcoin Mining

CleanSpark has reported that the firm mined a record 697 bitcoin in a single month, an increase of 50% from December 2022’s amount. Zach Bradford, CEO of CleanSpark commented that this was their most reliable month ever with 98% uptime across all sites.

Bitcoin Holdings Increase 32% Since December

The company also reported that its bitcoin holdings were now at 301 BTC, an increase of 32% since December 2022. The Company funded growth and operations through the sale of 624 bitcoins in January 2023 at an average price approximately $19K per BTC for proceeds of approximately $11.9 million.

Mining Fleet Expanded to 66,000 Miners

CleanSpark currently has a fleet of approximately 66,000 latest-generation bitcoin miners with a hash rate of 6.6 EH/s, an increase of 7% from December 2022 and up 214% from January 2022 respectively. Last month CleanSpark reported breaking ground on its newest bitcoin mining facility, a planned 50 MW expansion in Washington Georgia.

Lawsuits & Investigations Challenge Expansion Plans

Despite these developments the company is continuing to move forward with its expansion plans however they face investor lawsuits as well as law firm investigations into the officers and directors which have been denied by court recently..Isaac Holyoak commented “This is a frivolous lawsuit and we will continue to vigorously defend ourselves.”

Conclusion

Despite setbacks CleanSpark remains optimistic about future prospects in the bitcoin mining industry and is continuing with their expansion plans