CleanSpark Inc (NASDAQ:CLSK), a sustainable bitcoin mining and energy technology company, has released an unaudited Bitcoin production and operations update, saying that it held 633 of the cryptocurrency as of December 31, 2021.
The Las Vegas, Neveda-based sustainable bitcoin mining and energy technology company said it sold 414 bitcoin during December 2021 at an average of $49,791 per bitcoin to support growth and operations. “As of the date of this release, daily BTC production has reached a high of 9.5,” said the company.
“I’m tremendously proud of our teams that worked throughout the busy holiday season to get machines racked and ready,” CleanSpark CEO Zach Bradford said in a statement. “As of today, we have added more than 550 PH/s of processing power in the three weeks since our December earnings call, and expect to reach our 2.0 EH/s milestone in the coming days.”
READ: CleanSpark marks its one-year anniversary of sustainable Bitcoin mining
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:
- December monthly production: 226
- Calendar year-to-date production ending December 31: 1,528
- Total BTC holdings as of December 31: 633
- Total BTC converted for operations and growth in CY2021: 909
It has a currently deployed fleet of over 18,800 latest-generation bitcoin miners with a total hashrate of 1.9 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.
Contact the author Uttara Choudhury at uttara@proactiveinvestors.com
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