CleanSparkNASDAQ: CLSK

Company mined 445 bitcoin; Exceeds 20 EH/s, doubling operating hashrate since December LAS VEGAS , July 2, 2024 /PRNewswire/ -- CleanSpark Inc. (Nasdaq: CLSK), America's Bitcoin Miner™, today released its unaudited bitcoin mining and operations update for the month ending June 30, 2024. The Company achieved and exceeded its mid-year target of 20 EH/s in operational hashrate, a result of its previously announced acquisition of five new bitcoin mining sites in Georgia.

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In the latest trading session, CleanSpark (CLSK) closed at $16.05, marking a -0.19% move from the previous day.

As a result of the transaction Cleanspark expects to add over 400 MW in Tennessee over the next 2 years CleanSpark's total announced, planned, and owned capacity now sits at over 1 GW of premium infrastructure in support of America's rapidly advancing technological environment LAS VEGAS , June 27, 2024 /PRNewswire/ -- CleanSpark Inc. (Nasdaq: CLSK) ("CleanSpark") and GRIID Infrastructure Inc. (Nasdaq: GRDI) ("GRIID") announced today that they have entered into a definitive merger agreement pursuant to which CleanSpark will acquire all the issued and outstanding common stock of GRIID in an all-stock transaction. The total enterprise value, including payment and assumption of debt, of the transaction is $155 million.

The newest additions to the CleanSpark portfolio represent the leading edge of nearly 1 GW of new opportunities currently being analyzed Acquisitions are expected to increase Company's operating hashrate to over 20 EH/s by month's end using already purchased hardware Facilities will provide load balancing capabilities for the local electric municipal cooperatives (EMCs) in which they are located LAS VEGAS , June 18, 2024 /PRNewswire/ -- CleanSpark Inc. (Nasdaq: CLSK), America's Bitcoin Miner™, today announced it has entered into definitive agreements to acquire five turnkey bitcoin mining facilities in rural Georgia for a cash payment of $25.8 million. The purchase is expected to close immediately, with the operating hashrate of the combined facilities anticipated to exceed 3.7 exahashes per second (EH/s) upon full installation of the latest generation S21 pro miners.

Bitcoin mining stocks look positioned to thrive as demand for crypto mining infrastructure grows. The price of Bitcoin ( BTC-USD ) has been rising to over $70,000 in recent months after clawing its way back to the top from a significant fall in 2022.

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Does CleanSpark (CLSK) have what it takes to be a top stock pick for momentum investors? Let's find out.