CleanSpark Posts Significant Bitcoin Mining Growth in May, Driving Share Gains

CleanSpark’s Bitcoin mining output surged 9% in May, exceeding the company’s previous performance and driving a strong increase in its treasury reserves. The company boasted an impressive 694 Bitcoin produced during the month, marking a 9.4% increase compared to April. This growth was further amplified by a significant rise in hash rate, reaching 45.6 exahash per second (EH/s), up from 42.4 EH/s the previous month. CleanSpark also expanded its contracted power capacity to 987 MW, highlighting the company’s strategic investment in infrastructure.