CleanSpark Surpasses 20 EHs Milestone in June Mines 445 BTC

CoinDesk reports:
CleanSpark, Inc. has achieved a milestone by mining 445 bitcoins (BTC) in June, surpassing its mid-year operational hash rate target of 20 exahashes per second (EH/s).
This accomplishment follows the acquisition of five new mining facilities in Georgia, boosting the company’s overall capacity.
CleanSpark’s milestone was detailed in its latest unaudited Bitcoin mining and operational updates as of June 30, 2024.
CEO Zach Bradford stated in a press release on July 2, “We have achieved a significant milestone on our path to surpassing 50 EH/s. Operating above 20 EH/s is more than twice our hash rate from December.”
In June, CleanSpark mined 445 BTC, bringing its total for the 2024 fiscal year to 3,614 BTC. As of June 30, the company held 6,591 BTC and sold 8.06 BTC at an average price of approximately $67,514 per BTC.
The deployed fleet consists of 152,505 miners, with an end-of-month efficiency of 22.31 joules per terahash (J/Th) and a current hash rate of 20.4 EH/s. The average hash rate for the month was 17.85 EH/s, resulting in an average daily mining of 14.83 BTC and a peak of 22.41 BTC in a single day.
Bradford emphasized that doubling their hash rate required courage and teamwork, attributing their growth to the team’s dedication. Despite other companies exploring different revenue streams, CleanSpark remains focused on delivering results, increasing its Bitcoin mining hash rate, and related revenues.
Bradford also highlighted efforts to maximize efficiency at existing sites and expressed optimism about future opportunities in Wyoming and Tennessee.
Strategic growth and future prospects
CleanSpark’s strategic growth plan includes an agreement to acquire GRIID Infrastructure (NASDAQ: GRDI). The acquisition of five turnkey sites in Georgia added 3.7 EH/s to its total hash rate, with 1.7 EH/s deployed by the end of June and the remainder expected to come online in July.
The Bitcoin mining firm also noted that the newly acquired minefields in Georgia offer 60 megawatts of infrastructure and feature interruptible load designated power purchase agreements with load-balancing capabilities, a unique advantage for utilities and the power grid.
Additionally, progress on expansion in Dalton is proceeding smoothly, with concrete pouring completed for two building pads and transformers installed.
Once fully operational, the Dalton campus, consisting of four independent data centers, will operate at a speed of 2.4 EH/s. The 15-megawatt expansion plan is expected to be completed by September 2024.