![]() With the improvements, the firm should now be considered a ‘Top 5’listed North American miner, according to Cleanspark CEO Zach Bradford.Ĭleanspark has not used a ‘Hodl’ strategy and in August held only 526 Bitcoin in custody, having sold 388 Bitcoin to fund growth and operations. That takes the growth in hashrate over the past 12 months to over 300%. ![]() Cleanspark also increased its hashrate from 2.9 EH/s to 3.4 EH/s, and now has a deployed fleet of 36.8K of the latest generation miners. The company mined 395 Bitcoin in August–a monthly record–taking the year-to-date 2,642 Bitcoin. Cleanspark (CLSK)Ĭleanspark quietly goes about its business and continues to impress with its monthly mining updates, featuring regularly in the ‘top three’ mining statistics. We shall soon see if the operational efficiencies are enough to place them in the top three Bitcoin miners. With the first ten of 50 megawatts (MW) energizing at the new facility in Rio Cuarto, Argentina, Bitfarm’s hashrate should surpass 4.2 EH/s by the end of Q3 2022 and a total 6.0 EH/s to be achieved by the end of Q4 2022.īitfarms sold 427 Bitcoin during August to cover operational costs and currently holds 2,128 Bitcoin in custody, representing a value of $43 million. When you consider Bitfarms were operating at 2.3 EH/s in January 2022, the growth in hashrate by the end of August, as shown in the table below, is an impressive 70%. Total operational hashrate clicked slightly higher at 3.9 EH/s by month’s end. The company achieved a daily average of 17.2 Bitcoin ($349k per day) with an average hashrate of 3.8 EH/s. Bitfarms (BITF)īitfarms provided an excellent monthly update, increasing production by 7% month-over-month to a record 534 Bitcoin, equivalent to $10.84 million in revenue. EV can also be used as proxy for a company's liquid purchase price). Its calculated by taking the market capitalization of the company, adding the total debt on the balance sheet and deducting any cash and cash equivalents, such as cryptocurrencies. (EV is a metric used to value a company and is usually considered a more accurate reflection of a company's value compared to market capitalization. Note: The table above includes a cost per EH/s based on the Enterprise Value (EV) and considers the effective cost of the current hashrate for each miner as at Jand future hashrate at December 31, 2022. A special mention is noted to DMG Blockchain, who finished a fourth after achieving 134 Bitcoin per EH/s. ![]() Bitfarms (BITF) finished first, followed closely by Hive Blockchain (HIVE) and Iris Energy (IREN). The majority of miners actually improved their monthly mining performance per EH/s. Despite the inhospitable environment, miners trudged on with many showing the fruits of operational improvements this past month. August mining updates are hitting the newswires.īitcoin price is down 11% from its 52 week low, mining difficulty has just increased by over 9% and temperatures across the world continue to soar, causing miners to curtail their energy, once again.
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