ICOcreed logo ICOcreed logo
ICOcreed logo
Seeking Alpha 2022-10-04 14:50:54

CleanSpark bitcoin production climbs 13% in September, sells 380 BTC

CleanSpark (NASDAQ:CLSK) mined 448 bitcoins (BTC-USD) in September, a 13% rise from August. At the same time, the company, in an effort to fund its growth, sold 380 BTC at an average price of $19,783 for $7.5M in proceeds."The growth in our HODL balance is a direct reflection of our free cash flow resulting from our recent acquisitions, low operating costs and minimal debt service,” said CleanSpark CFO Gary A. Vecchiarelli.Its deployed fleet of over 42K bitcoin (BTC-USD) miners has a hashrate of 4.16 EH/s, up 21% from the prior month.The bitcoin (BTC-USD) miner is holding 594 BTC as of September 30."By many measures, including monthly bitcoin production, we are firmly in the top three [of North American miners] and we intend to stay there as we build our way out of current market conditions,” said CleanSpark CEO Zach Bradford.CLSK shares rose 6% in Tuesday morning trading as bitcoin (BTC-USD) breaks out of $20K, rising 3.6% to $20.11K at the time of writing.Previously, (Aug. 3) CleanSpark hashrate exceeds 4 EH/s.

Disclaimer : All crypto price forecasts provided on our website are only for general information. The content should not considered as financial advice, legal advice or any other form of advice meant for your investment. Conduct your own research before investing in any cryptocurrency. Trading is a highly risky business, please consult with your financial advisor before making any decision.