Seeking Alpha
2022-05-05 13:36:44

CleanSpark mined 313 bitcoins in April, a decline of 1.6% from prior month

CleanSpark (NASDAQ:CLSK) has mined 313 bitcoins (BTC-USD) in April, down slightly from 318 in March, according to the company's monthly production and operations update Thursday. Still, its bitcoin (BTC-USD) holdings totaled 448 as of April 30, compared with 420 at March 31. Deployed fleet of more than 24K bitcoin (BTC-USD) mining machines with a total hashrate of 2.4 exahash per second, up from over 23K miners with a hashrate of 2.3 EH/s at the end of March. The company sold 285 bitcoins (BTC-USD) in April at an average price of approximately $41,764 per token. The proceeds, which were primarily used for growth capital expenditures at its Norcross facility, totaled ~$11.9M. Daily BTC production of 10.75 in April vs. 10.57 in the prior month. Towards the end of April, CleanSpark received financing of $35M from Trinity Capital.

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