CleanSpark bitcoin production up 50% in January to 697

Quick Take

  • The bitcoin miner reached a hash rate of 6.6 EH/s and increased its bitcoin production in January.

Bitcoin miner CleanSpark mined 697 BTC in January, pushing production up by 50% from the previous month.

“We had a banner month, and not just because we mined a record number of bitcoin,” CEO Zach Bradford said. “We also had our most reliable month ever, achieving 98% uptime across all of our sites."

The company reached a hash rate of 6.6 EH/s, up 7% month-over-month, ramping up capacity after acquiring multiple sites and thousands of machines at discounted prices last year from troubled miners.

THE SCOOP

Keep up with the latest news, trends, charts and views on crypto and DeFi with a new biweekly newsletter from The Block's Frank Chaparro

By signing-up you agree to our Terms of Service and Privacy Policy
By signing-up you agree to our Terms of Service and Privacy Policy

The company sold 624 BTC (around $11.9 million) throughout the month to fund operations and growth. It owned 301 BTC as of Jan. 31.

Correction: This story has been corrected to reflect the increase in bitcoin was 50%.


© 2023 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

About Author

Catarina is a reporter for The Block based in New York City. Before joining the team, she covered local news at Patch.com and at the New York Daily News. She started her career in Lisbon, Portugal, where she worked for publications such as Público and Sábado. She graduated from NYU with a MA in Journalism. Feel free to email any comments or tips to [email protected] or to reach out on Twitter (@catarinalsm).

Editor

To contact the editors of this story:
Nathan Crooks at
[email protected]
Walden Siew at
[email protected]