Bitcoin Miner CleanSpark Sells All of Its June BTC Production, Buys More Rigs
— Current market conditions, List, High, Antminer s19 xp units, Positions, 800 bitcoin miners, Miner, High performance computing business, May 2022, Hut8 ceo jamie leverton — 1 min read
CleanSpark joins the list of Bitcoin miners to liquidate their BTC to cover costs. The company increased its June production by 9% to 339 BTC but had to sell all the mined Bitcoins. ClearSpark sold 328 Bitcoin at an average price of $25,644 per BTC thereby raising $8.4 million from the sale. The mining giant continues to use the proceeds of sale to buy more mining rigs and expand further. As of June 30, the company holds a total of 561 BTC, according to CEO Zach Bradford. Hut8 continues to HODL its BTC stockpile of 7,406 during the month of June 2022, adding 328 Bitcoins to its kitty. The miner said that it could afford to hold on to its BTC, as Source