CleanSpark mined 685 BTC in June, reaching 50 EH/s, becoming 7th largest publicly traded company.

CleanSpark’s Bitcoin output increased by over 50% year-over-year, reaching 50 EH/s in June. The company mined 685 BTC last month, worth $74.2 million. CleanSpark sold 578 BTC, holding a total of 12,608 BTC, making it the 7th largest publicly traded company in Bitcoin holdings.

CleanSpark ranks 7th in BTC holdings among public companies, with MARA Holdings and Riot Platforms holding more. Bitcoin mining difficulty hit an all-time high this year. CleanSpark expanded its mining operations to include facilities in Georgia, Mississippi, Wyoming, and Tennessee.

Despite its mining success, CleanSpark’s stock on Nasdaq dropped 8% due to broader market trends. Corporate Bitcoin acquisitions have exceeded ETF net inflows for the third consecutive quarter. CleanSpark bought 26,000 Bitmain immersion mining rigs in a $168 million deal to expand its operations.

Read more at Cointelegraph: CleanSpark Reaches a Hashrate of 50 EH/s, Mines 685 BTC in June