CleanSpark mined 445 Bitcoin in June, surpasses hash rate target

CleanSpark’s CEO Zach Bradford said his firm has set its sights on increasing future hash rate instead of branching out to alternative revenue streams.The Nevada-based miner only sold 8 of the 445 Bitcoin it mined in June, bringing its total Bitcoin holdings to 6,591 BTC — worth more than $4 billion at current prices — as of June 30.

The firm’s hash rate now stands at 20.4 EH/s — more than double what it was last December — CleanSpark’s CEO Zach BradfordCleanSpark’s hash rate surpassed its mid-year target of 20 EH/s following the installation of 1.7 EH/s of new miners at theto surpass the 20 EH/s milestone, trailing Marathon Digital and Core Scientific at 29.9 EH/s and 20.

In a bid to capture additional revenue streams, several major Bitcoin miners have expanded into the artificial intelligence and cloud computing space in recent months, including Despite the news increase in Bitcoin production and hash rate milestone, CleanSpark’s stock fell over 5.5% to $16.93 on July 2, Google Finance data3 reasons why Bitcoin analysts think a BTC price ‘cycle top’ is in

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