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• Cleanspark, a publicly traded bitcoin miner based in Las Vegas, Nevada, has announced their December 2022 bitcoin mining update.
• The company mined a total of 464 bitcoin in the month of December, to conclude 2022 with a total of 4,621 bitcoin mined.
• Despite a dramatic downturn in its stock price, Cleanspark has maintained a relatively steady valuation, and has continued to expand its operations.

December of 2022 saw the conclusion of a successful mining year for Cleanspark, a publicly traded bitcoin miner based in Las Vegas, Nevada. Despite the tumultuous market conditions, the company was able to mine an impressive 4,621 bitcoin throughout the year, with 464 bitcoin being mined in the month of December alone.

In spite of these impressive feats, the company still faced a challenging year in terms of stock prices. As Bitcoin prices fell, so did the stock prices of public miners such as Cleanspark. However, when priced in Bitcoin, the company was able to maintain a relatively steady valuation, and was still able to expand its operations. In September, mining expert Zack Voell detailed the energy company’s continued growth despite the various headwinds present in the market. This included the acquisition of ASICs in October, as well as record production of Bitcoin in the same month.

In December, the company also had to face the challenge of the winter storm which ravaged the United States. 98% of their machines present in Georgia were powered down due to the conditions. As soon as the temperature and humidity levels permitted, the machines were turned back on. Despite the disruption, Cleanspark’s CEO, Zach Bradford, was still proud of the overall accomplishments of the year, citing a 200% increase in annual Bitcoin production with the expansion of their fleet and number of mining campuses.

Overall, Cleanspark had a successful yet challenging year in 2022. With their impressive feats and continued growth, they were able to remain committed to the promise of Bitcoin and further solidify their place as part of the global network that keeps it secure for millions of users across the world.

• Cleanspark, a publicly-traded bitcoin miner based in Las Vegas, Nevada, announced their December 2022 bitcoin mining update.
• In December, the company mined a total of 464 bitcoin and held 228 bitcoin while selling 517 bitcoin for operations and growth.
• Despite the decline in the price of bitcoin, Cleanspark has maintained a steady valuation, and has continued to expand its operations with ASIC acquisitions and record bitcoin production in October.

Cleanspark, a publicly traded bitcoin miner based in Las Vegas, Nevada, has seen tremendous growth in its operations since the start of 2022. In the month of December, the company mined a total of 464 bitcoin and held 228 bitcoin while selling 517 bitcoin for operations and growth. With this, the company concluded 2022 with a total of 4,621 bitcoin mined.

This success came despite a downturn in the price of bitcoin, which had similar effects on the company’s stock price. However, when priced in bitcoin, Cleanspark has maintained a relatively steady valuation, and has continued to expand its operations. This was seen in September with the acquisition of more ASICs, as well as a record production of bitcoin in October.

The December report also detailed the company’s operational reactions to the winter storm which ravaged the United States that month. 98% of the company’s machines present in Georgia were powered down due to the conditions, but were turned back on as soon as the temperature and humidity levels permitted.

Commenting on the year, CEO Zach Bradford said, “Among our many accomplishments this year, I’m most proud of increasing our annual bitcoin production by over 200% as we expanded our fleet and the number of mining campuses we own and operate throughout Georgia. Even in this down market, we are committed to the promise of bitcoin and are proud to be part of the global network that keeps it secure for millions of users across the world.”

Cleanspark’s success in 2022 is a testament to the company’s commitment to the promise of bitcoin, as well as its ability to remain resilient in the face of market downturns. With more acquisitions and record production, the company looks poised to continue expanding its operations and making strides in the bitcoin mining sector.

– Satoshi Nakamoto created the first block in the Bitcoin blockchain on Jan 3, 2009
– The engraving in the Genesis block serves as an anchor to the physical world and establishes a manifesto for the system being ignited by the block
– Bitcoin seeks to restore accountability and antifragility through a monetary system based on sound money, enabling property rights to millions worldwide, equally and irrespective of status or nationality.

On January 3rd, 2009, Satoshi Nakamoto created the first block in the Bitcoin blockchain, a move that would ultimately kickstart an entire movement and serve as the genesis of a system that would revolutionize the way we think of money. This singular moment in time was marked with a message, etched into the Genesis block, that read: “Chancellor on brink of the second bailout for banks”. This simple yet powerful message served to anchor Bitcoin to the physical world and to establish a manifesto for the system being ignited.

The meaning behind this message was clear; Bitcoin was a system that took a stand against the central bank policies enabled by a culture of easy money. Instead, Bitcoin sought to restore accountability and antifragility through a monetary system based on sound money; one that could not be debased or controlled, manipulated or manufactured. This new system had the potential to level the playing field and ensure property rights to millions worldwide, equally and irrespective of their status, race, religious beliefs, gender or nationality.

The success of Bitcoin would be made possible by the fundamental properties of the system itself. Powered by a distributed network of nodes, each running the protocol’s software and as such enforcing its rules, Bitcoin allowed individuals to take up the reins of their financials, ensuring that power was no longer in the hands of a few at the top. As time went on, Bitcoin’s purpose became more clear and more necessary than ever.

In the years since the first block was created, Bitcoin has evolved into a much larger movement. It has become a global phenomenon with the potential to revolutionize the way we think of money, to restore accountability and antifragility through a monetary system based on sound money, and to ensure property rights to millions worldwide. The Genesis block, with its simple yet powerful message, was the catalyst that made all of this possible.

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