CleanSpark Releases May 2024 Bitcoin Mining Update

Core Viewpoint - CleanSpark Inc. has reported strong performance in bitcoin mining, achieving significant production levels post-block reward halving and maintaining a focus on operational efficiency and expansion opportunities [2][4]. Group 1: Bitcoin Mining Performance - The company mined 417 bitcoin in May 2024, bringing total bitcoin holdings to 6,154 [4]. - Year-to-date bitcoin mined in 2024 stands at 3,169 [4]. - The average daily bitcoin mined in May was 13.45, with a peak of 15.0 [4]. Group 2: Operational Efficiency - CleanSpark achieved a hashrate of nearly 18 exahashes per second (EH/s) and improved fleet efficiency to 23.05 joules per terahash (J/Th) [2][4]. - The current hashrate is reported at 17.97 EH/s [4]. Group 3: Expansion and M&A Activities - The company is actively pursuing mergers and acquisitions, with plans to close on a new site in Wyoming soon [3]. - The Dalton expansion is underway, with building permits issued and expected to enhance the facility's capacity to 2.4 EH/s upon completion [5]. Group 4: Financial Aspects - In May 2024, CleanSpark sold 2.43 bitcoin at an average price of approximately $59,000 per bitcoin [4].