CleanSpark Reports 1,200% Bitcoin Holdings Growth

• Bitcoin mining company CleanSpark has issued an update on December operations.
• The company’s BTC holdings grew 1,200%.
• The company’s 150MW facility in Sandersville is almost complete.

America’s leading Bitcoin mining company, CleanSpark, closed 2023 with a remarkable 1,200% growth on its BTC treasury, according to an update for the month ending December 31.

Headquartered in Henderson, Nevada, CleanSpark owns and operates low-carbon power data centers that support Bitcoin mining operations. The company’s stock is listed on Nasdaq under the ticker CLSK.

CleanSpark Owns Over 3,000 Bitcoins

In a press release dated January 3, CleanSpark Inc. announced that it had “set new records in Bitcoin mining,” surpassing all its previous achievements with over 7,300 bitcoins mined in 2023, a 60% increase over 2022.

“This remarkable feat was coupled with our highest daily production rates ever. What's more, our bitcoin treasury has also seen remarkable growth, expanding from 228 bitcoins at the end of last year to over 3,000 bitcoins today,” CleanSpark CEO Zach Bradford stated.

The company sold 293 BTC in the previous month, leaving its treasury with 3,002, valued at approximately $135 million as of December 31. Overall, the company mined 7,391 BTC throughout 2023, ending the year with a month-end fleet efficiency of 26.4 J/Th.

Further, CleanSpark issued an update on its 150MW expansion.

Operational Update on 150MW Expansion

Per the statement, CleanSpark’s 150MW Sandersville project is nearing its end, with the completion of ten building structures. The company stated that it had received all the machines necessary for the expansion, including Antminer XPs.

The machines will be installed “over the coming weeks” as the company “prepares for energization in February.” “The new year offers tremendous potential, and we are enthusiastic about the opportunities that await us,” Bradford remarked.

CleanSpark’s latest update on its BTC mining operations comes on the heels of a Bloomberg report that the company seeks to launch an in-house trading desk this year.

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