Bitcoin Miner has increased its annual BTC production CryptoBlog

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Cleanspark, a publicly traded bitcoin miner based in Las Vegas, Nevada, has announced its December 2022 bitcoin mining update, in addition to CEO comments reflecting 2022.

“Among our many accomplishments this year, I am most proud of having increased our annual bitcoin production by more than 200% as we have expanded our fleet and the number of mining campuses we own and operate throughout Georgia” , said Zach Bradford, CEO, in the Liberation. “Even in this declining market, we are committed to bitcoin’s promise and proud to be part of the global network that protects it for millions of users around the world.”

The company mined a total of 464 bitcoins in the month of December, concluding 2022 with a total of 4,621 bitcoins mined. As of December 31, the company held 228 bitcoins while it sold 517 bitcoins in December for operations and growth.

Like other public miners this year, Cleanspark faced a dramatic drop in its share price, just as the price of bitcoin fell in the same way. Despite this, when valued in bitcoin, Cleanspark has maintained a relatively stable valuation and continued to expand its operations.

In September, mining expert Zack Voell detailed how the energy company turned miner continues to grow despite the various headwinds currently present in the bitcoin market. This continued with ASIC acquisitions in the following months, as well as record bitcoin production in October.

The December report also detailed the company’s operational responses to the winter storm that ravaged the United States that month, describing how 98% of its machines in Georgia were shut down due to the conditions. Machines were turned back on as soon as temperature and humidity levels permitted.

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