Bitcoin Miner Cleanspark Acquires Wyoming Mining Site

August 2, 2024 Bitcoin.com

Cleanspark Inc. has completed the acquisition of its first bitcoin (BTC) mining site in Wyoming and secured 75 megawatts (MW) of power contracts. The Las Vegas-based company plans to add over 2 exahash per second (EH/s) to its mining capacity through a 30 MW immersion-cooled data center expected to be operational by the end of […]

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CleanSpark mined 445 Bitcoin in June, surpasses hashrate target

July 3, 2024 Coin Telegraph

CleanSpark CEO Zach Bradford said his firm has set its sights on increasing future hashrate instead of branching out to alternative revenue streams.

Bitcoin miner CleanSpark increased its Bitcoin production by 6.7% in June and surpassed its mid-year hashrate target of 20 exahashes per second (EH/s).

The United States-based miner only sold 8 of the 445 Bitcoin (BTC) it mined in June, bringing its total Bitcoin holdings to 6,591 BTC as of June 30, worth more than $4 billion at current prices.

In a July 2 statement, CleanSpark CEO Zach Bradford said that the firm’s hashrate now stands at 20.4 EH/s — more than double what it was in December 2023.

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Cleanspark Acquires Griid in $155 Million All-Stock Deal to Boost BTC Mining Operations

June 27, 2024 Bitcoin.com

Cleanspark Acquires Griid in 5 Million All-Stock Deal to Boost BTC Mining Operations

Acquisition

In a significant expansion move, Cleanspark, a leading U.S. bitcoin mining company, has announced the acquisition of its rival firm Griid for $155 million. This strategic all-stock transaction aims to enhance Cleanspark’s mining capacity, particularly in the aftermath of Bitcoin’s fourth halving event which has increased the pressure on mining profitability. Cleanspark Acquires Griid in […]

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Cleanspark Acquires 5 Bitcoin Mining Facilities in Georgia for $25.8 Million

June 18, 2024 Bitcoin.com

Cleanspark Acquires 5 Bitcoin Mining Facilities in Georgia for .8 Million

Acquisition

Cleanspark Inc. has announced the acquisition of five new bitcoin mining facilities in Georgia for $25.8 million. The deal is expected to close immediately, increasing the company’s operating hashrate to over 20 EH/s by the end of the month. Publicly Listed Miner Cleanspark Obtains 5 New Mining Facilities The newly acquired sites, which range from […]

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Bitcoin miners rise 10% after Trump promises to back US miners

June 12, 2024 Coin Telegraph

Bitcoin Miners

The biggest winners on June 12 were TeraWulf, Hut 8 Mining and Core Scientific.

Bitcoin (BTC) mining stocks soared double digits on Wednesday a day after United States presidential candidate Donald Trump promised to bolster mining operations in the country.

Trump said he wants “all the remaining Bitcoin to be MADE IN THE USA!!!” adding it would help the country be “ENERGY DOMINANT” in a June 12 post, which came shortly after a meeting he hosted with some of the industry’s top executives.

Trump also reportedly told the industry executives that he promised to support the sector should he be elected as president in November.

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CleanSpark mined 417 Bitcoin in May, now holds 6,154 BTC

June 5, 2024 The Crypto Briefing

Bitcoin

Bitcoin mining firm CleanSpark reports mining 417 BTC in May, now holding 6,154 BTC, and sees efficiency gains post-halving.

The post CleanSpark mined 417 Bitcoin in May, now holds 6,154 BTC appeared first on Crypto Briefing.

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Halving full effect: Bitfarms crypto mining revenue falls 42% in May

June 3, 2024 Coin Telegraph

Aquisition

The Bitcoin mining firm also blamed “unusually cold temperatures” at its Rio Cuarto facility in Argentina for the fall in Bitcoin production.

Bitfarms’ crypto mining revenue fell 42% in May — the first full month since the Bitcoin halving took effect in mid-April.

The company reported a fall in Bitcoin production, from 263 Bitcoin (BTC) ($18.1 million) in April to 156 Bitcoin ($10.7 million) in May. In a June 3 statement, Bitfarm described it as the “first full month with post-halving economics.”

Similarly, the average amount of Bitcoin that Bitfarms earned per unit of computational power fell 45% from 44 exahashes per second (EH/s) to 24 EH/s.

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Bitcoin Miner Cleanspark’s Net Income Tops $126.7 Million in ‘Record-Breaking’ Quarter

May 11, 2024 Bitcoin.com

Bitcoin

In the first quarter of 2024, Cleanspark, a U.S. bitcoin mining company listed on the stock market, reported revenues exceeding $111.8 million. The company’s net income for the same period was $126.7 million. Gary A. Vecchiarelli, the CFO of Cleanspark, partially attributes the company’s “record-breaking” performance to the surge in bitcoin prices. Impact of Bitcoin […]

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Bitcoin miner Marathon Digital to join S&P SmallCap 600, shares jump 18%

May 7, 2024 Coin Telegraph

Cleanspark

Marathon Digital will officially be added to the index fund on May 8.

Marathon Digital, the world’s largest Bitcoin (BTC) miner by market cap, saw its shares rise 18% after it was confirmed to be joining the S&P SmallCap 600 index fund.

The S&P Dow Jones Indices said after trading on Friday, May 3 that Marathon would replace heating and ventilation manufacturing firm Aaon in the index on May 8.

The S&P SmallCap 600 tracks 600 United States companies with a market cap between $1 billion and $6.7 billion posting profits both in the most recent quarter and the last four quarters.

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Bitcoin miner Marathon increases 2024 hash rate target to 50 EH/s

April 26, 2024 Coin Telegraph

ASICs

If Marathon reaches its 50 EH/s target, it would mark more than a 100% increase in the firm’s hash rate since the start of 2024.

Bitcoin mining firm Marathon Digital has announced it is increasing its 2024 hash rate target from 35-37 exahashes per second to 50 EH/s, citing expanded capacity after recent acquisitions.

“Given the amount of capacity we have available following our recent acquisitions and the amount of hash rate [...] we now believe it is possible for us to double the scale of Marathon’s mining operations in 2024,” explained Marathon’s CEO Fred Thiel.

Thiel said its target would be “fully funded” as there is no need for the firm to raise additional capital to achieve its new target hash rate.

Cleanspark

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