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CleanSpark Nets 108 BTC Sale in April, Selling More Than Mined

CleanSpark reported a net sale of 108 BTC in April after mining 640 BTC but selling 748 BTC at an average price of $74,807, reducing its treasury to 13,453 BTC worth about $875M. The operational update highlighted record hashrate of 50.0 EH/s (avg. 46.2 EH/s), 224,473 miners deployed at 16.07 J/Th efficiency, and 808 MW utilized from 1.8 GW contracted power. Management framed sales as liquidity for AI/data-center expansion, signaling disciplined capital management with limited market impact amid miner sell pressure.

Category

Bitcoin

Sentiment

Bullish

Event

Market data

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1 min