CleanSpark Releases December 2023 Bitcoin Mining Update; The Company Mined 7,391 Bitcoins In 2023, A 60% Increase Over 2022, While Bitcoin Holdings Grew Over 1,200% To 3,002 BTC Valued At ~$135M
Portfolio Pulse from Benzinga Newsdesk
CleanSpark Inc. (NASDAQ:CLSK) reported significant growth in its Bitcoin mining operations for 2023, with a 60% increase in mined bitcoins totaling 7,391 BTC and a 1,200% increase in Bitcoin holdings to 3,002 BTC, valued at approximately $135M. In December alone, the company mined a record 720 bitcoins and sold 293 BTC for about $12.5 million. CleanSpark completed construction for its Sandersville expansion and is preparing for energization in February.
January 03, 2024 | 2:03 pm
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POSITIVE IMPACT
CleanSpark's impressive growth in Bitcoin mining and holdings, along with the completion of its Sandersville expansion, indicates strong operational performance and potential for increased revenue. The company's proactive approach to expansion and asset management may positively influence investor sentiment.
The reported increase in Bitcoin mining and holdings by CleanSpark suggests a strong operational year, which is likely to be viewed positively by investors. The completion of the Sandersville expansion indicates future growth potential. These factors combined with the current positive momentum in the cryptocurrency market could lead to a short-term positive impact on CLSK's stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100