CleanSpark reports monthly production of 313 bitcoin in April 2022,with calendar year production at 1,211

CleanSpark Inc (NASDAQ:CLSK) has released its unaudited bitcoin production and operations update for the calendar year-to-date ending April 30, 2022, which showed monthly production of 313 bitcoin (BTC).

The company said its calendar year-to April 30, 2022, production was 1,211 BTC, with total BTC holdings as of April 30, 2022, at 448, and total BTC converted for operations and growth in April of 285.

CleanSpark has a currently deployed fleet of over 24,000 latest-generation bitcoin miners with a total hashrate of 2.4 EH/s.

The company said it fully funded growth and operations through the sale of 285 bitcoins in April 2022 at an average of approximately $41,764 per BTC.

Sales of BTC equated to proceeds of approximately $11.9 million, most of which were used for growth capital expenditures at the company’s Norcross facility. April daily BTC production reached a high of 10.75.

At Norcross, the company said miner installations continue, with about 1,200 immersion-cooled S19j pros hashing as of April 30. 2022.

“We are executing in phases to ensure maximum value in terms of overclocking and efficiency,” said Zach Bradford, CleanSpark CEO in a statement.  “We expect to see our installations and associated hashrate continue to increase as we fine-tune our processes.”

At College Park, the company is delivering on efficiency and uptime, with approximately 12,000 latest generation miners hashing at the facility. Coinmint.

The company said it continues to expand its relationship with approximately 11,000 machines hashing at the facility.

At Lancium, an agreement for up to 500MW was signed in late March with operations expected to commence in Q4 2022.

CleanSpark, a Nevada corporation, is a sustainable bitcoin mining and energy technology company that is solving modern energy challenges.

Contact the author at jon.hopkins@proactiveinvestors.com

Original Source: proactiveinvestors.com