CleanSpark’s July bitcoin production up 11% M/M

CleanSpark ( NASDAQ: CLSK ) mined 494 bitcoins in July at an average hashrate of 20.07 EH/s. That’s up 11% from 445 bitcoins mined in June. “We made significant progress in two new states this month,” said Zach Bradford, CEO. “Power agreements totaling 75 MW have been secured in Wyoming along with the closing of our first Bitcoin mining site in the state. In Tennessee, we began hashing under our agreements with GRIID infrastructure Inc. with 1 EH/s of additional hashrate added in July. We’re continuing our trajectory of growth as we progress towards our target of 32 EH/s by the end of the year.” The company sold 2.54 bitcoin in the month at an average price of approximately $62,070 per bitcoin and its total bitcoin holdings were 7,082 as of July 31. Shares of CleanSpark ( CLSK ) were down over 4% on Friday More on CleanSpark CleanSpark Walks A Fine Line With Bitcoin CleanSpark Share Price Surge: Hype Or Value? Market Timing Is Never Easy CleanSpark: Recent Acquisitions And Increase In Capacity Are Offset By Halving Decline CleanSpark to expand hashrate with first mining site in Wyoming Biggest stock movers today: Crypto stocks, PBI, PHG, and more

Source: Seeking Alpha