CleanSpark has published its first monthly unaudited Bitcoin mining and operations update since the Bitcoin halving. The company surpassed 17 EH/s in hashrate and achieved remarkable results, mining a total of 721 BTC in April, including a record-breaking daily output of over 48 BTC.
Zach Bradford, CleanSpark’s CEO, noted the significant gains in mining efficiency as the company rolls out advanced S21 machines across its growing network of facilities. These advancements have contributed to increased mining productivity and lower operational costs. Bradford stated, “The substantial increase in transaction fees following the halving has significantly boosted our Bitcoin production this month, leading to a robust rise in our Bitcoin treasury.”
Bradford highlighted CleanSpark’s competitive edge, pointing to its large-scale operations and low mining costs, which position the company for success in the post-halving environment. He also mentioned that less efficient miners are beginning to exit the market, which is likely to reduce the global hashrate and lead to a temporary but favorable correction in Bitcoin’s spot price in the coming weeks.
During April 2024, CleanSpark mined 721 BTC, bringing its year-to-date total to 2,752 BTC. As of April 30, the company held 5,739 BTC in its treasury. In April, CleanSpark sold 2.88 Bitcoin at an average price of about $64,000 per Bitcoin. The company’s mining fleet consists of 136,496 miners, with a month-end fleet efficiency of 24.22 J/TH and a current hashrate of 17.3 EH/s.
CleanSpark is also expanding its Dalton, GA campus. Once complete, the new section, called Dalton 4, will house a fleet of S21s in a 15MW facility, adding approximately 0.8 EH/s to the campus’s overall hashrate. This expansion will bring CleanSpark’s total hashrate at the Dalton campus to 2.4 EH/s across four independent data centers.
CleanSpark’s impressive performance in April showcases the company’s ability to navigate the competitive post-halving Bitcoin mining landscape. With a focus on efficiency, operational expansion, and strategic growth, the company anticipates continued success in the coming months and beyond.