CleanSpark (NASDAQ:CLSK) Inc., a company based in the United States and specializing in Bitcoin mining. (Nasdaq: CLSK) today announced its unaudited results for its Bitcoin mining and operational activities for the month ended December 31, 2023.
“This year has been a year of significant change for CleanSpark,” said Chief Executive Officer Zach Bradford. “We have reached new heights in our Bitcoin mining operations, mining more than 7,300 bitcoins this year, which represents a 60% increase compared to 2022. We have also reached the highest daily production rates in our history. In addition, we mined 228 bitcoins at the close of the previous year.” Our Bitcoin holdings have increased significantly, now standing at more than 3,000 bitcoins.
"I am also extremely pleased to announce that construction of all buildings for our expansion project in Sandersville has been completed, paving the way for the start of operations on site next month. I offer my sincere gratitude to our employees, skilled workers and the local community for their commitment to achieving our goals and fulfilling our promises to our investors." “The year ahead holds great promise, and we are excited about the perspectives that lie ahead.”
December Bitcoin Mining Summary (unauditized)
Number of Bitcoins mined in December: 720
Total bitcoin mined in calendar year 2023: 7,391
Total Bitcoin assets as of December 31: 3,002
Total number of Bitcoins sold in December: 293
Number of mining units in operation: 88,924
Efficiency of the mining fleet at the end of the month: 26.4 joules per terahash
Current computational mining power: 10.08 exahash per second
In December 2023, the Company sold 293 bitcoins at an average price of approximately $42,700 per bitcoin. As a result of the sales, a total of approximately $12.5 million was generated. While the daily average of bitcoins mined in December was 23.2, the highest day peaked at 29.8.
Update on Operations
Sandersville. Construction of ten buildings has been completed for the company's 150 megawatt expansion. The company has received all Antminer XP mining devices and currently has them in Georgia. The company has also started testing new firmware on the latest Antminer S21 models in preparation for expansion. As the company prepares to begin operations in February, all equipment required for the 150-megawatt expansion has been received and is expected to be installed in the coming weeks.
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