Cleanspark Mines Over 4,600 Bitcoin in 2022 Despite Stock Price Downturn

• 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.