CleanSpark, a Bitcoin miner based in Nevada, saw a notable 6.7% rise in Bitcoin production in June, surpassing its mid-year hash rate goal of 20 exahashes per second. Out of the 445 Bitcoins mined during the month, only 8 were sold, leaving CleanSpark with a total of 6,591 BTC by the end of June, valued at over $4 billion based on current market prices. The company's hash rate has now reached 20.4 EH/s, doubling from the previous December levels. This information was disclosed by CleanSpark's CEO Zach Bradford in a statement on July 2.

CleanSpark's hash rate achievement of over 20 EH/s was made possible by the installation of 1.7 EH/s of new miners at five recently acquired facilities in Georgia, USA. Hash rate signifies the cumulative computational power utilized for mining transactions within proof-of-work networks such as Bitcoin. An additional 2 EH/s is anticipated from the Georgian sites upon completion.

CleanSpark became the third Bitcoin miner to exceed the 20 EH/s mark, trailing behind Marathon Digital and Core Scientific whose hash rates stand at 29.9 EH/s and 20.4 EH/s, respectively, as indicated by Hash Rate Index data. Bradford expressed the company's intention to aim for the next milestone of achieving a 50 EH/s hash rate, emphasizing their focus on enhancing Bitcoin mining hash rate and revenues rather than diversifying into alternate income streams.

In contrast to many major Bitcoin miners venturing into artificial intelligence and cloud computing sectors for additional revenue, CleanSpark announced a $155 million merger with GRIID Infrastructure on June 27. This merger involved CleanSpark acquiring all common stock of GRIID along with its debts and gaining an additional 20 megawatts of power.

Despite the positive news of increased Bitcoin production and hash rate accomplishments, CleanSpark's stock (CLSK) experienced a 5.5% decline to $16.93 on July 2, according to Google Finance data. Nevertheless, CLSK has shown substantial growth, rising by 55.6% in 2024 and by 247.6% over the past 12 months.