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News Explorer — CleanSpark Doubles Bitcoin Mined, Prepares for Halving

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May 11, 8:14 am
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CleanSpark Doubles Bitcoin Mined, Prepares for Halving

CleanSpark Inc. has doubled the number of Bitcoin mined last quarter compared to Q2 of last year, but revenue only increased 14%. CFO Gary A. Vecchiarelli attributed this to low Bitcoin prices, while CEO Zach Bradford highlighted the upcoming halving event and the company's efforts to bolster its fleet and energy efficiency. CleanSpark is also striving to use renewable energy, but is limited by the energy mix available at certain sites.

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