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CleanSpark Achieves Record Bitcoin Mining in 2023

CleanSpark announces significant growth in Bitcoin mining operations, expanding its Bitcoin treasury and preparing for new facility energization.
Published on 2024-01-03

Record-Breaking Bitcoin Mining Year

CleanSpark, a leading Bitcoin mining company, has reported a transformative year with unprecedented achievements in 2023. The company mined over 7,300 bitcoins, marking a 60% increase from the previous year. This success not only set new records for daily production rates but also significantly expanded CleanSpark's Bitcoin treasury from 228 to over 3,000 bitcoins.

December Bitcoin Mining Performance

In December alone, CleanSpark mined 720 bitcoins, reaching an average daily production of 23.2 and peaking at 29.8. The company sold 293 bitcoins during this month at an average price of approximately $42,700 per bitcoin, generating around $12.5 million in revenue. As of December 31, CleanSpark's total Bitcoin holdings stood at 3,002.

Expansion and Operational Updates

The expansion of CleanSpark's Sandersville facility marks a major milestone. Completion of all ten building structures for the 150MW expansion sets the stage for energization next month. All necessary equipment, including Antminer XPs, has been received and is undergoing firmware upgrades in preparation for installation.

Future Prospects

CleanSpark's achievements and strategic expansions underscore its potential for continued growth in the Bitcoin mining industry. The company remains committed to fulfilling shareholder promises and exploring new opportunities in the upcoming year. The energization of the new Sandersville facility is anticipated to further enhance CleanSpark's operational capabilities and Bitcoin production efficiency.

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