CleanSpark Releases September 2023 Bitcoin Mining Update; Closes Out FY23 With 2,240 Bitcoins On Its Balance Sheet, Bitcoin Production Up 84% Compared To FY2022 Production; Hashrate Up 131% Compared To FY2022 Yearend
Portfolio Pulse from Benzinga Newsdesk
CleanSpark Inc. (NASDAQ:CLSK) has released its unaudited bitcoin mining and operations update for the fiscal year ending September 30, 2023. The company mined 6,903 bitcoins during the fiscal year, an 84% increase compared to FY2022. The company's hashrate also increased by 131% compared to FY2022. CleanSpark sold 80 bitcoins in September 2023 at an average price of approximately $26,800 per BTC, equating to proceeds of approximately $2.2 million.
October 03, 2023 | 1:03 pm
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POSITIVE IMPACT
CleanSpark's increased bitcoin production and hashrate indicate a successful fiscal year, potentially leading to increased investor confidence. The sale of 80 bitcoins could also provide a short-term boost to the company's revenues.
The increase in bitcoin production and hashrate indicates that CleanSpark's operations are performing well, which could attract investors and drive up the stock price. The sale of bitcoins also provides a direct revenue stream, which could positively impact the company's financial performance and further boost the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100