CleanSpark

CleanSpark is using $100 million in Bitcoin-backed credit from Coinbase to boost its mining, energy, and AI compute ambitions.

CleanSpark mined 685 bitcoin in June, sold 578 BTC for over $61 million, and became the first miner to reach 50 EH/s using fully self-operated infrastructure.

Strong revenue growth contrasts with net loss as CleanSpark stays committed to scaling bitcoin mining operations and targets 50 EH/s hashrate by June.

CleanSpark produced 633 bitcoin in April and secured a $200 million credit line from Coinbase, as the company nears its goal of reaching 50 EH/s and expands its operations in Tennessee and Wyoming.

The Bitcoin industry breathes a collective exhale as Trump’s Bitcoin-related rhetoric and policy proposals should be a boon for the industry.

With this expansion complete, CleanSpark has reached the halfway point of its year-end goal of reaching 16 EH/s.

Over 6,000 latest-generation mining machines will be hosted, enhancing mining efficiency and revenue prospects.

The transaction fee spike resulting from Ordinals is filling the coffers of public miners like CleanSpark.

The publicly traded bitcoin mining company is once again expanding its inventory of deployable miners this year in its quest for 16 EH/s.

The public mining company has purchased 45,000 Antminer S19 XP miners in line with its goal of reaching 16 EH/s by end of year.