• Cleanspark has announced their December 2022 bitcoin mining update, with total production of 4,621 bitcoin.
• Despite market downturn, the company has maintained a steady bitcoin valuation and has continued to expand their operations with ASIC acquisitions and record production in October.
• In December, the company faced a winter storm in the United States, with 98% of their machines in Georgia powered down due to the conditions.
Cleanspark, a publicly traded bitcoin miner based in Las Vegas, Nevada, has reported their December 2022 bitcoin mining update, which concluded with a total of 4,621 bitcoin mined. This marks a 200% increase from the previous year, and despite the downturn in the market, the company has maintained a steady bitcoin valuation.
The company held 228 bitcoin as of December 31st, and sold 517 bitcoin in December for operations and growth. This marks a continuation of their expansion efforts, which included the acquisition of ASICs in October and a record production of bitcoin that month.
In December, the company faced a winter storm in the United States, with 98% of their machines in Georgia powered down due to the conditions. Despite this, the company was able to turn these back on as soon as the temperature and humidity levels permitted. CEO Zach Bradford was quoted in the release, noting his pride in the accomplishments of the year, “Among our many accomplishments this year, I’m most proud of increasing our annual bitcoin production by over 200% as we expanded our fleet and the number of mining campuses we own and operate throughout Georgia. Even in this down market, we are committed to the promise of bitcoin and are proud to be part of the global network that keeps it secure for millions of users across the world.”
This update from Cleanspark comes as the company continues to demonstrate its commitment to the promise of bitcoin, despite the market downturn. With the acquisition of ASICs and record production, the company has been able to not only maintain its steady bitcoin valuation, but also increase their production by over 200%. This is an impressive feat, and the company’s CEO is proud of the progress made this year, as he noted in the release. The winter storm in December also provided a challenge for the company, yet they were able to turn their machines back on as soon as the conditions allowed.
Overall, Cleanspark’s December 2022 bitcoin mining update is a testament to the company’s commitment to the promise of bitcoin and their ability to overcome obstacles in the market. With their increased production and steady bitcoin valuation, the company has been able to continue their growth and expand their operations.