Shocking! CleanSpark Gets Bigger, Bolder, and Breaks Bitcoin Records in May!

Oh, what a jolly, riotous racket! CleanSpark, the Bitcoin-bumping beast, puffed up its mining operation by a whopping 9% in May! Yes, you heard that right—its treasure chest now holds a dazzling 12,502 BTC, double what it had last year. Imagine that! The vault’s practically bursting with digital gold, ready to make any banker blink in disbelief. 🤯

According to their lovely monthly report, CleanSpark mined a sneaky 694 Bitcoin in May, which is 61 more than April’s 633. Not too shabby, eh? Their hash rate—a kind of digital pizza oven—cranked up to 45.6 exahash per second, up from 42.4. And wait for it—they expanded their power capacity to a staggering 987 MW! Who knew they ran a mini energy empire tucked away in the cloud? ⚡😏

“May was a strong execution month for CleanSpark,” said Mr. Zach Bradford, the big boss with a beard and a grin. “We increased our hash rate to a mighty 45.6 EH/s, up 7.5%, while making our machines more efficient than ever!” Oh, how clever they are—like a bunch of digital squirrel orchestrators, hoarding crypto nuts with gusto.

The company’s Bitcoin stash—big enough to make even a dragon jealous—hit 12,502 BTC, a sparkling 103% jump from last year. And get this: they haven’t dipped into their equity since November 2024—no borrowing, no fuss! They’re the sixth biggest Bitcoin holders around. “Our infrastructure-first strategy is a powerhouse,” Bradford boomed, sounding proud enough to glow in the dark. 🌟

On June 3rd, the day they bragged about their May achievements, their share prices soared by 6.5% in a single day. Can you imagine? Shares flying higher than a kite in a hurricane! Over the past month, their shares surged 12.4%, even outpacing the Nasdaq’s tepid performance. Talk about a winner! 📈

In May alone, CleanSpark sold 293.5 BTC at an eye-watering average of $102,254 per coin—causing a gross revenue of about $30 million. Money, money, money! 💸 Despite raking in such a mountain of cash, they reported a whopping $182 million in revenue for Q2 2024—up 62.5%. But hold your horses—they also posted a net loss of $139 million. Well, isn’t that just a fine kettle of fish!

Other Miners Are Jumping Too—It’s a Crypto Miner Mayhem!

CleanSpark isn’t alone in this wild mining race. The fierce competitors, MARA and Riot Platforms, are cranking up their own Bitcoin factories. MARA mined 950 BTC in May—an enormous leap from 705 in April! That’s an extra 7.2 Bitcoin per day—like squeezing more juice from an orange you already thought was full. 🍊

Meanwhile, Riot Platforms munched through 514 Bitcoins—up from 463: a modest 11% increase, but enough to make them grin all the way to the bank. And guess what? Their share prices are climbing too—MARA’s up 8%, Riot’s up 6.5%. Looks like everyone’s riding the crypto train, full speed ahead! 🚂

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2025-06-04 00:45