CleanSpark, one of the Bitcoin mining companies, announced its annual report in January.
According to a statement made by CleanSpark today, the company produced a total of 697 bitcoins (BTC) throughout January. Thus, the company produced 50% more than in December 2022.
CleanSpark CEO, Zach Bradford, said: “We’ve had a great month, and I’m not just saying this because we’ve produced a record number of bitcoins. Additionally, we had our most reliable month, achieving a 98% uptime across all our sites.” said.
The bear market that started in the cryptocurrency market last year and rising electricity costs have hit many mining companies. Core Scientific, one of the biggest names in the mining industry, filed for bankruptcy at the end of last year.
According to the statement made by CleanSpark, the company sold 624 bitcoins at an average unit price of $19,000 to cover its operations and growth expenses, generating $11.9 million in revenue.
The company has 301 bitcoins in reserve.
Under the company’s control, there are approximately 66 thousand miners with a total hash rate of 6.6 EH/s.