Bitcoin Miner CleanSpark Sold 426 BTC In July

Bitcoin miner CleanSpark generated roughly $8.8 million from the sale of 426 BTC  in July, based on an average bitcoin price of $20,768. 

CleanSpark shows positive signs in mining sector

Based on a monthly average bitcoin price of $20,768 and the sale of 426 BTC by bitcoin miner CleanSpark, the miner made almost $8.8 million. In its most recent monthly statement, the company stated that it planned to utilize the money to finance its own operations and growth.

In order to get a better deal, the company said that between June and July it had purchased 2,861 mining equipment. It increased its total hash rate by 93 petahashes per second (PH/s) last month by purchasing 1,061 Whatsminer M30S machines.

“We are seeing unprecedented opportunities in this market,(…). We believe that our operational strategy focused on efficiency, up-time and execution will allow these metrics to continually improve.”

Zach Bradford, CEO of CleanSpark said

CleanSpark’s fleet consisted of 30,450 miners as of July 31 and had a total hash rate of 2.9 EH/s. By the conclusion of the month, the company had 519 BTC in reserves after mining 384 BTC in July.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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