CleanSpark Inc (NASDAQ:CLSK) announced Wednesday that it has produced just over 56 Bitcoins in the last 40 days since its acquisition of ATL Data Centers LLC last month.
And mining revenue thus far for fiscal year 2021 has exceeded $1.6 million based on the daily price of Bitcoin on the date they were mined, the company said in a statement.
As of the end of business on January 19, CleanSpark said it continues to hold about 31 of the 56 Bitcoins it has mined.
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The company had previously stated its plan to strategically manage the percentage of the coins it holds or sells according to market conditions and current Bitcoin prices.
CleanSpark expects its daily production numbers to continue to increase over the coming weeks as it expands mining production capacity. The company intends to update its investors with additional information as both the energy and data operation's upgrades progress.
"We committed to our investors that we would deliver regular updates on the status of our Bitcoin mining activities as we proceed with our growth strategy,” said CEO Zach Bradford.
“After 40 days, we are pleased with the results generated to date and look forward to providing additional updates on the progress towards our stated objectives both in the energy space and in Bitcoin mining. Our team is dedicated to working diligently to maximize shareholder value and we will continue to update all interested parties as we achieve future milestones."
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