CleanSpark Says It Achieved 30 EH/s In Operational Hashrate; Expects To Surpass 37 EH/s Before End Of 2024 And Intends To Continue Its Growth To 50 EH/s And Beyond In 2025
Portfolio Pulse from Benzinga Newsdesk
CleanSpark has achieved a 30 EH/s operational hashrate, with plans to exceed 37 EH/s by the end of 2024 and continue growing to 50 EH/s in 2025. The company's hashrate has increased by 200% since October 2023, driven by organic growth, acquisitions, and fleet upgrades.
October 10, 2024 | 10:02 am
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CleanSpark has achieved a significant milestone of 30 EH/s in operational hashrate, with plans to further increase it to over 37 EH/s by the end of 2024 and 50 EH/s in 2025. This growth is attributed to a 200% increase in hashrate since October 2023, driven by organic growth, acquisitions, and fleet upgrades.
The news highlights CleanSpark's significant growth in operational hashrate, which is a key performance metric for the company. The 200% increase since October 2023, along with plans for further expansion, suggests strong operational performance and strategic growth through acquisitions and upgrades. This is likely to positively impact investor sentiment and the stock price in the short term.
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