Before the Bitcoin halving, CleanSpark's mining volume in March increased by 24% month-on-month

According to the Zhitong Finance and Economics APP, CleanSpark (CLSK.US) announced on Monday that the company mined 806 bitcoins in March, higher than the 648 mined in February. The average daily bitcoin mining volume in March was 26, compared to 22.3 in the previous month. As of March 31, 2024, the company's total bitcoin holdings increased from 4218 in February to 5021.

In March, CleanSpark sold a total of 3.37 bitcoins at an average price of $58,800 per bitcoin, higher than the 2.8 bitcoins sold last month. Bitcoin mining in April is expected to become more difficult as the "halving" event is projected to occur in mid-April.

CleanSpark CEO Zach Branford stated, "The performance in March is a reward for our hard work and significant growth over the past few months. This is the first full month after the expansion in Sandersville and the launch of our new site in Mississippi, which has increased our overall operational hash rate to over 16EH/s, approaching 17EH/s."

The company's current hash rate is 16.4EH/s. With the completion of the Dalton acquisition project nearing, CleanSpark expects its operational hash rate to exceed 17EH/s by April 12 or earlier. This move marks the first step towards increasing by 3EH/s in the next quarter and reaching 20EH/s. Additionally, the company's fleet efficiency at the end of the month was 24.63J/Th, compared to 24.68J/Th in February.

At the time of writing, CleanSpark was down 6.8% in early trading on Monday, with the price of bitcoin dropping nearly 0.8% to $69,800