CleanSpark, Inc. (CLSK) Mines 657 BTC in August, Treasury Climbs to 12,827 Amid Leadership Shift

CleanSpark, Inc. (NASDAQ:CLSK) is one of the best cryptocurrency stocks to buy according to Wall Street analysts. On September 3, the company announced that its average hash rate increased by 1.4 EH/s in August, enabling the company to mine 657 Bitcoins.

Daily production during the month averaged 21.20 bitcoin, with a peak single-day production of 21.71 bitcoin. The operational hashrate in the month stood at 50 EH/s with an average operating hash rate of 43.3 EH/s.

The company exited the month with a bitcoin treasury of 12,827, with 3,026 of the coins posted as collateral. In August, CleanSpark took advantage of the high bitcoin prices to sell 533.5 million coins at about $60.7 million.

“While August was a month of leadership transition, CleanSpark remained unwavering in its focus on operational performance and in continuing to grow our bitcoin treasury to build long-term value for all stakeholders,” said Matt Schultz, CEO and Chairman.

CleanSpark, Inc. (NASDAQ:CLSK) is a bitcoin mining company that owns and operates infrastructure to support its mining operations. It also owns and operates data centers, capitalizing on opportunities arising from the artificial intelligence boom.

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Disclosure: None. This article is originally published at Insider Monkey.