CleanSpark Releases November 2023 Bitcoin Mining Update, Mined 666 Bitcoin In November, A 24% Increase Over The Same Period Last Year
Portfolio Pulse from Benzinga Newsdesk
CleanSpark Inc. (NASDAQ:CLSK) reported mining 666 Bitcoin in November 2023, a 24% increase from the previous year. The company highlighted improved efficiency, with energy usage dropping to 26.4 J/Th, and a significant increase in production from fees, particularly due to interest in ordinals. Operational uptime was 99.98%. CleanSpark sold 402 BTC at an average price of $36,600 per BTC, totaling approximately $14.7 million in proceeds. The current hashrate is 10.08 EH/s, and the construction of the Sandersville site is on track for year-end completion.
December 01, 2023 | 2:05 pm
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CleanSpark Inc. reported a 24% increase in Bitcoin mining for November 2023, improved efficiency, and high operational uptime. The company sold 402 BTC, with proceeds of $14.7 million.
The positive mining update indicates increased productivity and efficiency, which is likely to be viewed favorably by investors. The sale of 402 BTC adds significant revenue, and the operational updates suggest future growth potential. These factors combined with the growing interest in ordinals and potential for increased fee revenue are likely to have a positive short-term impact on CLSK's stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100