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

CleanSpark’s hash rate hit 6 EH/s on Dec. 21, compared to 2 EH/s on Dec. 31, 2021– marking a 3x boost on an annual basis.The business struck its year-end objective for the hash rate and said it anticipates to hit 16 EH/s by the end of 2023.2022 financial

highlights

CleanSpark mined an overall of 3,750 Bitcoin (BTC) throughout the 2022 ending Sept. 30– up 320% on a yearly basis, according to its yearly financial report.Meanwhile, income for

the year was up 235%to $131.5 million from $39.3 million in 2021. However, despite the

2x and 3x boost in revenue and mined BTC, the company’s BTC reserves are down 40.3 %to 281 BTC since Nov. 30, compared to 471 on Jan. 31, according to CryptoSlate data.According to the report, CleanSpark holds$

20.5 million in cash and$11.1 million in BTC as of completion of September 2022. Together with its mining properties, CleanSpark’s overall possessions equate to $452.6 million for the of 2022. BTC reserves down 40.3%CryptoSlate information reveals that CleanSpark sold 304 BTC in October and a more 9 BTC in November, following completion of its financial year.As of Nov. 30, the business held 281 BTC in reserve, compared to 594 at the end of September and

471 at the end of January. Top public miners BTC holdings According to the numbers, CleanSpark began the year with 471 BTC and managed to increase this total up to 594 BTC in September, which is completion of CleanSpark’s financial year.On Sept. 30, BTC was being traded for around $ 19,422. At this rate, 594 BTC relates to around $ 11.1 million, which is likewise stated in the 2022 report among CleanSpark’s assets.However, the information likewise shows a sharp 51 %decline from 594 BTC in September to 290 BTC in October. This number fell to 281 BTC in November, relating to a 40.3% decline from January’s 471 BTC.Posted In: Bitcoin, U.S., Analysis, Mining Recent CleanSpark Stories Bitcoin miners increased hash rate and production in spite of falling BTC costs in 2022 Monika Ghosh · 2 weeks ago · 2 minutes read