CleanSpark Releases February 2024 Bitcoin Mining Update; Hashrate Grows 60% In A Single Month To Exceed 16 EH/s With Over 131,000 Operational Miners; Monthly Bitcoin Production Increased 12%; Treasury Increased To 4,218 Bitcoin
Portfolio Pulse from Benzinga Newsdesk
CleanSpark Inc. (NASDAQ:CLSK) reported a significant increase in its Bitcoin mining operations for February 2024, with a 60% growth in hashrate to over 16 EH/s and a 12% increase in Bitcoin production. The company now holds 4,218 Bitcoin in its treasury, valued at almost $260 million. CleanSpark also highlighted the operational progress of its newly acquired facilities in Mississippi and a property in Dalton, expecting further gains in hashrate and energy efficiency.
March 01, 2024 | 2:01 pm
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CleanSpark Inc. reported a 60% increase in hashrate and a 12% increase in Bitcoin production for February 2024, with its Bitcoin treasury now valued at almost $260 million. The company's operational advancements and acquisitions are expected to further boost its mining efficiency and production.
The significant increase in hashrate and Bitcoin production, along with the successful integration of newly acquired facilities, positions CleanSpark for potential growth. The company's strategic investments and operational efficiency improvements are likely to positively impact its stock price in the short term.
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