American mining company CleanSpark in the second quarter of fiscal 2023 вдвое увеличила the number of bitcoins mined compared with the same period last year.
Meanwhile, its revenue rose only 14%, to $42.5 million.
According to CleanSpark’s chief financial officer, Gary Vecchiarelli, this was largely due to the weak pricing of Bitcoin in the reporting period.
“Our bitcoin revenue for this quarter was about $22,700, while last year it was more than $41,000,” he said.
The executive added that expanding the company’s mining capacity creates “good opportunities to take advantage of even the slightest rise in the price of the primary cryptocurrency.”
CEO CleanSpark Zach Bradford said it is important to ramp up the hashrate ahead of the halving. The event, during which the block reward will drop from 6.25 to 3.125 BTC, is expected around April 2024.
The current CleanSpark fleet consumes, on average, 31 W/TH, and by the end of the year the company expects this to fall to 26 W/TH.
In April, CleanSpark announced the purchase of 45 000 ASIC-майнеров Antminer S19 XP for a total of $144.9 million. In February, the company bought 20 000 Antminer S19j Pro+. All of them will be connected to two data centres in Georgia by the end of the year, and will provide the firm with about 15.9 EH/s of total hashrate.