CleanSpark Reaches Rare Bitcoin Mining Milestone At 10 EH/s
Portfolio Pulse from Benzinga Newsdesk
CleanSpark Inc. (NASDAQ:CLSK) has announced that it has surpassed a total hashrate of 10 exahashes per second (EH/s), a milestone few publicly traded bitcoin mining companies have achieved. The company's efficiency gains are driven by software optimizations and fleet improvements. CleanSpark recently purchased 4.4 EH/s of Antminer S21 bitcoin mining machines, expected to be delivered in early 2024, which will increase the company's total hashrate to over 20 EH/s.
October 27, 2023 | 1:04 pm
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CleanSpark's achievement of a 10 EH/s hashrate and its plans to double this figure with the addition of Antminer S21 machines could boost investor confidence and potentially drive the company's stock price up in the short term.
CleanSpark's achievement of a significant milestone in bitcoin mining and its plans for further expansion indicate a strong operational performance. This could attract more investors, potentially driving up demand for the company's stock and leading to a price increase in the short term.
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