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.
