CleanSpark Inc (NASDAQ:CLSK) has released an unaudited Bitcoin production and operations update, saying that it held 720 of the cryptocurrency as of October 31, 2021.
Additionally, the company, as part of its monthly production and operations update, announced that it will release such data every month to set new standards of transparency in the Bitcoin mining industry.
“These updates are part of our commitment to lead the industry’s transparency efforts,” said CleanSpark CEO Zach Bradford in a statement. “We will continue to include key metrics in these updates as we scale our bitcoin mining operations at different locations.”
READ: CleanSpark set to add new Bitcoin mining machines as the cryptocurrency hits an all-time high
Moving forward, the company said it intends to publish monthly updates on key metrics on its website and Twitter account.
The Bitcoin mining industry has been criticized for the lack of transparency by miners. CleanSpark is hoping to change how the space is perceived by being open about its operations.
CleanSpark operates and owns two facilities in the Atlanta, Georgia metro area. In addition to its owned facilities, it has a co-location agreement with Coinmint in Massena, New York.
The company provided a Bitcoin production and operations update:
- October monthly production - 216
- Calendar year-to-date production ending October 31 -1,083
- Total BTC holdings as of October 31 - 729
- Total BTC converted for operational growth in CY2021 - 370
- Deployed fleet of approximately 11,780 latest-generation bitcoin miners with a total hashrate of 1.2 EH/s
CleanSpark’s sustainability efforts account for variation in local energy mixes by purchasing carbon offsets, and, once facilities are at scale, by deploying distributed energy systems onsite. Energy mixes are highly variable, so CleanSpark participates in voluntary programs, like Georgia’s Simple Solar, as part of its commitment to sustainability.
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