In November 2024, CleanSpark mined 622 bitcoins, with a daily peak of 21.65. The company achieved a 7% increase in hashrate and a 6% boost in efficiency month-over-month. Plans to enhance its hashrate to over 37 EH/s by year-end are underway, including new operational sites in Mississippi and Tennessee.
CleanSpark Inc. (Nasdaq: CLSK) has reported a significant milestone in its bitcoin mining operations for November 2024. The company mined a total of 622 bitcoins, achieving a daily production peak of 21.65 bitcoins, while increasing its hashrate and efficiency by over 7% and 6% month-on-month, respectively. With efficient execution, CleanSpark remains on track to meet its year-end hashrate goal of 37 EH/s with new sites coming online this month.
The mining operations in Clinton, Mississippi, now have two turnkey sites energized and set to add approximately 1 EH/s to the company’s output. Additional projects in Tennessee are expected to further boost hashrate production by mid-month, setting the stage for expansion beyond 50 EH/s in 2025. The company’s total bitcoin holdings stood at 9,297 by November’s end, with 803 bitcoins used as collateral.
In terms of operational performance, CleanSpark’s data showcases an average hashrate of 32.32 EH/s and a fleet efficiency of 19.59 J/Th throughout November. This efficiency allowed the company to average over 20 bitcoin mined daily, even selling 26.11 bitcoins at an average price of approximately $84,356 each. The company remains committed to optimizing energy use and supporting growth in the dynamic bitcoin mining landscape, particularly as it invests in new technologies and builds out infrastructure.
As part of its future plans, CleanSpark is ramping up the construction of two immersion-cooled bitcoin mining data centers in Cheyenne, Wyoming. These new centers, once operational, are projected to add around 5 EH/s to the company’s overall hashrate, significantly enhancing its capacity to mine bitcoin efficiently against a backdrop of rising competition. CleanSpark positions itself amid crucial intersections of energy use, technological advancements, and the emerging cryptocurrency market.
CleanSpark, often hailed as America’s Bitcoin Miner®, is at the forefront of bitcoin mining, leveraging competitive energy solutions to optimize its operations. The company manages a portfolio of mining facilities across the U.S., strategically developing sites that support efficient production while capitalizing on low-cost energy. As the cryptocurrency market continues to evolve, CleanSpark’s focus on growth and innovation underscores its commitment to maximizing shareholder value and operational excellence.
The November 2024 update from CleanSpark highlights robust growth and operational efficiency in the bitcoin mining sector. By increasing hashrate and efficiency significantly, successfully launching new sites, and maintaining strong bitcoin production, the company is poised for continued growth. Their strategic build-out, including immersion-cooled data centers, reinforces CleanSpark’s leading position and prepares them for the future of cryptocurrency.
Original Source: www.prnewswire.com
