CleanSpark mined 3,750 BTC in FY’22, BTC reserves down 40% since January

CleanSpark’s hash complaint deed 6 EH/s connected Dec. 21, compared to 2 EH/s connected Dec. 31, 2021 — marking a 3x summation connected an yearly basis.

The institution deed its year-end extremity for the hash complaint and said it expects to deed 16 EH/s by the extremity of 2023.

2022 fiscal highlights

CleanSpark mined a full of 3,750 Bitcoin (BTC) during the 2022 fiscal twelvemonth ending Sept. 30 — up 320% connected an yearly basis, according to its yearly fiscal report.

Meanwhile, gross for the twelvemonth was up 235% to $131.5 cardinal from $39.3 cardinal successful 2021.

However, contempt the 2x and 3x summation successful gross and mined BTC, the company’s BTC reserves are down 40.3% to 281 BTC arsenic of Nov. 30, compared to 471 connected Jan. 31, according to CryptoSlate data.

According to the report, CleanSpark holds $20.5 cardinal successful currency and $11.1 cardinal successful BTC arsenic of the extremity of September 2022. Together with its mining assets, CleanSpark’s full assets equate to $452.6 cardinal for the fiscal twelvemonth of 2022.

BTC reserves down 40.3%

CryptoSlate information shows that CleanSpark sold disconnected 304 BTC successful October and a further 9 BTC successful November, pursuing the extremity of its fiscal year.

As of Nov. 30, the institution held 281 BTC successful reserve, compared to 594 astatine the extremity of September and 471 astatine the extremity of January.

Top nationalist miners BTC holdings

According to the numbers, CleanSpark started the twelvemonth with 471 BTC and managed to summation this magnitude to 594 BTC successful September, which is the extremity of CleanSpark’s fiscal year.

On Sept. 30, BTC was being traded for astir $19,422. At this price, 594 BTC equates to astir $11.1 million, which is besides stated successful the 2022 fiscal twelvemonth study amongst CleanSpark’s assets.

However, the information besides shows a crisp 51% alteration from 594 BTC successful September to 290 BTC successful October. This fig fell to 281 BTC successful November, equating to a 40.3% alteration from January’s 471 BTC.

The station CleanSpark mined 3,750 BTC successful FY’22, BTC reserves down 40% since January appeared archetypal connected CryptoSlate.