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CleanSpark Releases November 2023 Bitcoin Mining Update
The Company mined 666 bitcoin in November, a 24% increase over the same period last year LAS VEGAS, Dec. 1, 2023 /PRNewswire/ -- CleanSpark Inc. (Nasdaq:
About this update from Cleanspark, Inc.
[{"type":"text","content":"The Company mined 666 bitcoin in November, a 24% increase over the same period last year\nLAS VEGAS, Dec. 1, 2023 /PRNewswire/ -- CleanSpark Inc. (Nasdaq: CLSK), America's Bitcoin Miner™, today released its unaudited Bitcoin (or \"BTC\") mining and operations update for the month ending November 30, 2023.\n\n \n \n \n \n \n \n\n \n\"We achieved our second-highest monthly bitcoin production despite increased difficulty and without using more energy,\" said Zach Bradford, CEO. \"Our efficiency improved, dropping to 26.4 J/Th. We also saw a significant increase in production from fees, likely due to the growing interest in ordinals. This trend suggests that fees might soon become a larger source of revenue as bitcoin's use cases grow and adoption increases.\n\"Significantly, our operational uptime this month reached an exceptional 99.98%, a direct result of our teams' dedication and skill. Their commitment to excellence has been crucial in achieving these milestones. As CEO, I am profoundly proud of our collective efforts and optimistic about our future trajectory in efficiency and productivity.\"\nNovember Bitcoin Mining Update (unaudited)\nBitcoin mined in November: 666CY2023 bitcoin mined: 6,671Total BTC holdings as of November 30: 2,575Total BTC sold in November: 402Deployed fleet: 88,825Month-end fleet efficiency: 26.4 J/ThCurrent hashrate: 10.08 EH/sThe Company sold 402 BTC in November 2023 at an average of approximately $36,600 per BTC. Sales of BTC equated to proceeds of approximately $14.7 million. November daily BTC mined averaged 22.2 and reached a high of 26.1.\nOperational update\nSandersville. No serious delays have been reported and site construction remains on track for an expected yearend completion. Notable updates include: steel and roof structures are complete for Buildings 1, 2, 3, 4, 5 and 6; racks have been installed in Buildings 1 through 5. Buildings 7 and 8 are currently under construction.\nFor updates on our progress in Sandersville, check out the Company's official YouTube account here. \nAbout CleanSpark \nCleanSpark (Nasdaq: CLSK) is America's Bitcoin Miner™. We own and operate data centers that primarily run on low-carbon power. Our infrastructure responsibly supports Bitcoin, the world's most important digital commodity and an essential tool for financial independence and inclusion. We cultivate tru...