CleanSpark ended September with a Bitcoin treasury of 13,011 BTC after reporting a strong rise in efficiency and output.
The company mined 629 BTC in the month, up 27% year-over-year, and sold 445 BTC for roughly $48.7 million at an average price of $109,568.
According to its latest update, CleanSpark’s mining fleet saw a 26% improvement in efficiency, with an average operating hashrate of 45.6 EH/s.
The miner has been routinely selling a portion of its production since April to achieve self-sufficiency and opened a Bitcoin trading desk to support institutional sales.
Shares of CleanSpark rose 5.28% on Nasdaq after the announcement and gained more than 23% over the week. The Miner Mag reported that the combined market capitalization of the 15 largest public Bitcoin miners surged to $58.1 billion in September — more than double the level recorded in March.
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