CleanSpark Inc (NASDAQ:CLSK) has released its unaudited bitcoin (BTC) production and operations update for the calendar year-to-date ending June 30, 2022, showing monthly production of 339.
The company said production in the calendar year ending June 30, 2022, was 1,863, with its total BTC holdings as of June 30 at 561, and total BTC converted for operations and growth in June at 328. CleanSpark said it has a currently deployed fleet of approximately 28,500 latest-generation bitcoin miners with a hashrate exceeding 2.8 EH/s.
The company noted that it fully funded growth and operations through the sale of 328 bitcoins in June 2022 at an average of approximately $25,644 per BTC. Sales of BTC equated to proceeds of approximately $8.4 million. June daily BTC production reached a high of 12.1.
CleanSpark also pointed out that it is one step closer to being a pure-play bitcoin miner after achieving the important milestone last month of exiting its energy switchgear business.
READ: CleanSpark acquires contract for top bitcoin mining machines; partners with TMGcore to expand immersion-cooled operations
The agreement releases the company from all liabilities related to its prior switchgear business, while retaining certain receivable rights from existing contracts. Additionally, certain prepaid deposits are expected to be returned to CleanSpark.
"This move strengthens our balance sheet and frees up working and human capital for our high-value, bitcoin mining business," said Zach Bradford, CleanSpark CEO in a statement.
The Nevada corporation is currently a sustainable bitcoin mining and energy technology company that is solving modern energy challenges.
Contact the author at jon.hopkins@proactiveinvestors.com