U.S. Bitcoin Miner Increased Its Annual BTC Production By 200% In 2022

“Among our galore accomplishments this year, I’m astir arrogant of expanding our yearly bitcoin accumulation by implicit 200% arsenic we expanded our fleet and the fig of mining campuses we ain and run passim Georgia,” said Zach Bradford, CEO, successful the release. “Even successful this down market, we are committed to the committedness of bitcoin and are arrogant to beryllium portion of the planetary web that keeps it unafraid for millions of users crossed the world.”

The institution mined a full of 464 bitcoin successful the period of December, to reason 2022 with a full of 4,621 bitcoin mined. As of December 31, the institution held 228 bitcoin portion it sold 517 bitcoin successful December for operations and growth.

Like other nationalist miners this year, Cleanspark has faced a melodramatic downturn successful its banal price, conscionable arsenic the terms of bitcoin fell similarly. Despite this, erstwhile priced successful bitcoin, Cleanspark has maintained a comparatively dependable valuation, and has continued to grow its operations.

In September, mining adept Zack Voell detailed however the vigor institution turned miner is continuing to turn contempt the assorted headwinds presently contiguous successful the bitcoin market. This continued with ASIC acquisitions successful the pursuing months, arsenic good arsenic record accumulation of bitcoin successful October.

The December study besides elaborate the company’s operational reactions to the wintertime tempest which ravaged the United States that month, describing however 98% of its machines contiguous successful Georgia were powered down owed to the conditions. The machines were turned backmost connected arsenic soon arsenic the somesthesia and humidity levels permitted.