CleanSpark (CLSK, Financial) said Wednesday that its November mining of 622 Bitcoin dropped from the 655 generated in October. Supported by an average fleet efficiency of 19.59 joules per terahash and a 32.32 EH/s average hashrate, average daily production for the month was 20.72 Bitcoin.
CleanSpark said that its hashrate and efficiency have improved; these measures rose by over 7% and 6%, respectively, over October. Nov. 30 saw the corporation boasting 9,297 in Bitcoin. CEO Zach Bradford pointed out the advancement toward a 37 EH/s year-end hashrate target for CleanSpark. "Two turnkey bitcoin mining sites near Clinton, Mississippi, have been completed and are expected to be fully operational," Bradford stated.
"This will add 1 EH/s by the end of this week." The company also expects its Tennessee development initiatives to start by mid-December, therefore enabling it to surpass the year-end goal.
Bradford also mentioned that by means of ongoing expansion projects, CleanSpark intends to exceed 50 EH/s in 2025. Over the previous three months, CleanSpark's shares have jumped 43%; over the last month, they are up almost 25%. Still, the price has dropped about 7% recently, a reflection of conflicting trading behavior.
