CleanSpark Releases July 2023 Bitcoin Mining Update; Bitcoin Holdings Doubled To 1,061 BTC, Hashrate Hit All Time High Of 9 Exahashes Per Second (Eh/s), And Production Increased 17% Month Over Month
Portfolio Pulse from Happy Mohamed
CleanSpark, Inc. (NASDAQ:CLSK) has released its unaudited bitcoin mining and operations update for July 2023. The company doubled its bitcoin holdings to 1,061 BTC and increased its hashrate to an all-time high of 9 exahashes per second (EH/s). Production also increased by 17% month over month. The company sold 43 bitcoins in July 2023 at an average of approximately $29,300 per BTC, equating to proceeds of approximately $1.3 million.
August 04, 2023 | 11:18 am
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POSITIVE IMPACT
CleanSpark's doubling of its bitcoin holdings and increase in hashrate to an all-time high could potentially boost its stock price in the short term.
CleanSpark's increased bitcoin holdings and record hashrate indicate strong operational performance, which could attract investor interest and drive up the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100