CleanSpark has issued its inaugural monthly unaudited update on Bitcoin mining and operations following the halving. The company achieved a hashrate surpassing 17 EH/s and mined an impressive 721 BTC, with a peak daily yield exceeding 48 BTC.

CEO Zach Bradford highlighted the company’s monthly progress in efficiency metrics, attributing it to the deployment of advanced S21 machines across expanding facilities. These enhancements have augmented mining output and streamlined operational costs. Bradford remarked on the significant boost in transaction fees post-halving, leading to a substantial increase in bitcoin production and bolstering the company’s bitcoin treasury.

CleanSpark's scale and low mining costs position it favorably in the post-halving landscape. The company anticipates a decline in the global hash rate as less efficient miners cease operations, leading to a beneficial correction in Bitcoin’s spot price in the upcoming weeks.

In April 2024, CleanSpark mined 721 BTC, bringing its year-to-date total to 2,752 BTC, with 5,739 BTC held in its treasury as of April 30. CleanSpark sold 2.88 bitcoin in April at an average price of around $64,000 per Bitcoin. Its deployed fleet comprised 136,496 miners, boasting a month-end fleet efficiency of 24.22 J/TH and a current hashrate of 17.3 EH/s.

The company is progressing with the expansion of its Dalton, GA, campus, referred to as Dalton 4, which will house a fleet of S21s in a 15MW facility, adding approximately 0.8 EH/s. This will increase CleanSpark’s total hashrate at the Dalton campus, consisting of four independent data centers, to 2.4 EH/s.

CleanSpark's robust performance in April underscores its capability to thrive in the competitive post-halving Bitcoin mining landscape. With its focus on efficiency, expansion, and strategic planning, the company is confident in its prospects for sustained success in the foreseeable future.