CleanSpark's April 2023 Bitcoin Mining Update

Efficient Bitcoin Mining Operations

CleanSpark, Inc., a leader in Bitcoin mining, reported its operational update for April 2023. The company has focused on high-efficiency measures and low power rates, which have positively impacted its profit margins. Despite an increase in mining difficulty, these strategies have ensured that the mined Bitcoin contributes significantly to the company's bottom line.

Expansion and Hashrate Growth

Looking ahead, CleanSpark anticipates its Washington site to be fully energized, likely enhancing its hashrate. Such developments will help maintain a competitive edge in challenging market conditions. The company plans to provide further insights into its quarterly performance and reveal expansion updates in Washington and Sandersville.

Technological Advancements and Uptime

Efforts to optimize operational efficiency are ongoing, aiming to establish CleanSpark as the most efficient miner in North America. The mining fleet's uptime is reflected in its realized hashrate, with new S19J Pro+ machines being deployed at Sandersville and Washington facilities. This year, Sandersville will accommodate 45,000 XPs, significantly boosting fleet efficiency.

April Bitcoin Mining Statistics

In April, CleanSpark mined 524 Bitcoin, with a cumulative 2,395 mined in 2023. As of April 30, total Bitcoin holdings were 313, while 407 Bitcoin were converted for operational funding. The company operated about 67,700 miners with a 6.7 EH/s hashrate. Bitcoin sales generated approximately $11.8 million, averaging $29,000 per BTC.

Commitment to Sustainability

CleanSpark, recognized as one of the fastest-growing companies in the Americas, continues its mission of promoting energy independence. By investing in low-carbon energy sources such as wind, solar, and hydro, the company aims to foster financial inclusion and sustainability within the Bitcoin mining industry.