CleanSpark Releases November 2023 Bitcoin Mining Update
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.
November Bitcoin Mining Update (unaudited)
The 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.
Operational update
Sandersville. 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.
SOURCE CleanSpark, Inc.
"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.
"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."
November Bitcoin Mining Update (unaudited)
- Bitcoin mined in November: 666
- CY2023 bitcoin mined: 6,671
- Total BTC holdings as of November 30: 2,575
- Total BTC sold in November: 402
- Deployed fleet: 88,825
- Month-end fleet efficiency: 26.4 J/Th
- Current hashrate: 10.08 EH/s
The 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.
Operational update
Sandersville. 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.
SOURCE CleanSpark, Inc.
