Seeking Alpha 2022-01-06 14:28:11

CleanSpark reports 3.7% growth in December bitcoin production

CleanSpark (NASDAQ:CLSK) trades 2.3% down premarket after it reported December monthly production of 226 while calendar YTD production ending Dec.31 stands at 1,528. This compares to November bitcoin production of 218 vs. 216 mined in October. Currently, daily BTC production has reached a high of 9.5. As of Dec.31, total BTC holdings stands at 633 while total BTC converted for operations and growth in CY21 is at 909. The company has currently deployed fleet of 18.8K+ latest-generation bitcoin miners with a total hashrate of 1.9 EH/s. During December, the company sold 414 bitcoin at an average of $49,791 per BTC for supporting growth and operations. "As of today, we have added more than 550 PH/s of processing power in the three weeks since our December earnings call, and expect to reach our 2.0 EH/s milestone in the coming days," CEO Zach Bradford commented.

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