CleanSpark Bitcoin Production Increased by 9% in May, Holdings Reached 12,502 BTC
According to Cointelegraph, CleanSpark's Bitcoin production increased by 9.4% in May, reaching 694 coins, with holdings rising to 12,502 BTC, which is double the amount from the same period last year. The company's hash rate improved to 45.6 EH/s, and power capacity expanded to 987 MW. CEO Zach Bradford stated that May was a strong month for execution, with an increase in BTC reserves without issuing new shares. On June 3, CleanSpark's stock price rose by 6.5%.
Competitors MARA and Riot Platforms also increased their production. MARA's production in May was 950 coins, a 34.8% increase from April. Riot Platforms' production grew by 11%, reaching 514 coins. Both companies' stock prices have also seen a recent increase.
