CleanSpark Mined 806 bitcoin in March, up 24% from February, Total Bitcoin Holdings now at 5,021
Portfolio Pulse from Benzinga Newsdesk
CleanSpark Inc. (NASDAQ:CLSK) reported a 24% increase in Bitcoin mined in March compared to February, totaling 806 Bitcoin. This brings their total Bitcoin holdings to 5,021. The company attributes this growth to the full operation of its Sandersville expansion and new sites in Mississippi, pushing its hashrate over 16 EH/s. CleanSpark also highlighted its strong financial position, with over $300 million in cash, and plans to be an active participant in the upcoming merger and acquisition season within the industry.
April 01, 2024 | 11:03 am
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CleanSpark Inc. reported significant growth in Bitcoin mining for March, with a total of 806 Bitcoin mined and an increase in total holdings to 5,021 Bitcoin. The company's operational expansion and strong financial position indicate a positive outlook for future growth and potential acquisitions.
The increase in Bitcoin mined and the company's strong financial position, including a cash balance of over $300 million, suggest a positive short-term impact on CLSK's stock price. The company's strategic positioning for mergers and acquisitions, along with its operational expansions, are likely to be viewed positively by investors.
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