Key Points:
According to CEO Zach Bradford, 609 Bitcoins were produced in May, 3,004 Bitcoins have been produced so far in 2023, and 471 BTCs were sold for approximately $12.9 million in May to cover operating and growth expenses, thanks to increases in operational efficiency and a brief, albeit significant, increase in transaction fees.
Costs were raised for five days in May because of increasing demand in ordinals on the blockchain, he said.
“At its peak, our bitcoin production jumped to nearly 30 bitcoins in a single day, almost double our normal daily production of about 18 bitcoins. Since then, transaction fees have normalized.”
Cipher Mining, another Bitcoin miner, credited its 21% rise in May BTC output to a substantial spike in transaction fees throughout the month.
The corporation has a deployed fleet of about 67,196 BTC miners with a mining capacity of 6.7 exahashes per second (EH/s).
The total number of BTC holdings as of May 31 was 451. CleanSpark now has 67,196 latest-generation Bitcoin mining rigs with a total computational capacity of 6.7 EH/s installed.
The 50MW expansion project is scheduled to begin operations in the second part of June. The projected Sandersville extension will increase CleanSpark’s mining activities by more than 6 EH/s.
CleanSpark has announced a $40.5 million acquisition of 12,500 Antminer S19 XP Bitcoin mining rigs. The computers were purchased for $23 per terahash, which is less than the current market average. According to the purchase agreement, 6,000 machines will be delivered in June, with the remaining 6,500 arriving in August.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your research before investing.
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