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CleanSpark bitcoin production grows 19% M/M in October

CleanSpark bitcoin production grows 19% M/M in October


Seeking Alpha
2022-11-03 13:18:02

CleanSpark (NASDAQ:CLSK) mined 532 Bitcoin (BTC-USD) in October, up 19% from September 2022.This was another record breaking month for the bitcoin miner, with its hashrate increasing 20% for two months in a row. CleanSpark (CLSK) has a currently deployed fleet of about 54,000 latest-generation bitcoin miners with a hashrate of 5.1 EH/s as of October 31, up 23% from September 2022.The company funded growth and operations through the sale of 836 bitcoins in the month at an average of approximately $19,340/BTC. Sales of BTC equated to proceeds of ~$16.1M.Year-to-date, CleanSpark (CLSK) has mined 3,622 Bitcoin (BTC-USD). As of October 31, its total BTC holdings were 290.CLSK shares were up 1.34% in premarket hours


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