CleanSpark mined 417 Bitcoin in May, now holds 6,154 BTC

Leading Bitcoin miner CleanSpark has revealed its May Bitcoin mining update. According to a press release published on Tuesday, the company mined 417 Bitcoin (BTC) last month, bringing its total holdings to 6,154 BTC.

CleanSpark sold 2.43 BTC in May at an average price of around $59,000, with daily mining averaging 13.45 BTC and peaking at 15.

May Bitcoin Mining Update – Source: CleanSpark

According to Zach Bradford, CEO of CleanSpark, the company’s performance exceeded industry expectations in the first full month after Bitcoin halving. He also noted the company’s efficiency improvements and hashrate growth, peaking at nearly 18 exahashes per second.

“We achieved a new high mark of nearly 18 exahashes per second while driving our efficiency even further to 23.05 joules per terahash. As we continue to grow our hashrate, we are on a trajectory to rapidly recover our production to pre-halving levels,” Bradford stated.

In addition to operational advancements, CleanSpark is actively pursuing mergers and acquisitions. As noted in the press release, the company expects to close on first Wyoming site in the near future.

“We expect to close on the first site in Wyoming in the coming days and continue to aggressively seek additional opportunities that align with the CleanSpark way,” Bradford said.

The operational update also revealed progress on the Dalton expansion. Upon completion, the facility is expected to contribute an additional 0.8 EH/s to CleanSpark’s hashrate.