CleanSpark, a bitcoin miner that has reported gains year over year in output and efficiency, ended September 2013 with 13,011 BTC.
The company said Monthly production grew 27% since September 2024 with 629 bitcoin (BTCCleanSpark’s Friday update stated that fleet efficiency improved 26% year over year, while its average operating hashrate for the month was 45.6 EH/s. CleanSpark reported that the fleet’s efficiency increased by 26 percent over last year. The average hashrate of its operations for this month was 45.6 EH/s.
CleanSpark began selling a portion of its Bitcoin production each month in April, as part of an effort to achieve financial independence. The company also established an institutional Bitcoin desk for sales. The company launched its Bitcoin trading desk in August. generated $60.7 million From the sale of 533.5 BTC.
CleanSpark’s Nasdaq shares rose 5.28 % following the news report. The stock gained over 23% in a week. according Yahoo Finance is a great place to start.
A report from Oct.1 shows that the value of Bitcoin mining companies has reached $58.1 billion, a record high. That’s up significantly from August when it stood at $41.6 billion and is more than twice as much as March’s $19.9 million. report The Miner Mag
Related: Bitcoin miner accumulation hits fastest pace since 2023 rally
The Bitcoin Mining Industry is under new Pressure
The industry is facing increasing headwinds due to rising energy prices and tariffs on imports of mining equipment.
The Miner Mag. reported CleanSpark could face a potential $185m tariff liability from US Customs and Border Protection because they alleged that some of their 2024 mining equipment was manufactured in China.
Iris Energy is the largest Bitcoin miner By market cap was also competing in a separate $100 million tariff dispute The agency is a great place to start.
Cointelegraph reported August that the duty effective on China-made machines Tariffs on rigs imported from Indonesia, Malaysia and Thailand are 21.6% higher than those on rigs manufactured in the United States.
Bitcoin difficulty has reached a record. highs In September and October the mining power required to produce Bitcoin will be higher.
Magazine: Financial nihilism in crypto is over — It’s time to dream big again
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Source: cointelegraph.com
