Benzinga – CleanSpark Inc (NASDAQ:CLSK) shares are moving higher Wednesday after rising nearly 3% on Tuesday. Here’s a look at what’s going on.
What Happened: CleanSpark on Tuesday released a Bitcoin (CRYPTO: BTC) mining update for May, showing that the company mined 417 bitcoin last month, bringing its total bitcoin holdings up to 6,154 as of May 31.
“We have outperformed industry expectations as well as our peers in our first full month of production after the block reward halving,” said Zach Bradford, CEO of CleanSpark.
“Remarkably, our post-halving production has also outpaced what some of our peers achieved prior to the halving. As we continue to grow our hashrate, we are on a trajectory to rapidly recover our production to pre-halving levels.”
CleanSpark also sold 2.43 bitcoin…
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