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CleanSpark, Inc. (CLSK)
After hours:
- Yahoo Finance Video
Bitcoin halving: How will crypto miners be affected?
Investors are anticipating the bitcoin (BTC-USD) halving event in the near future, as soon as this weekend. The price of bitcoin has retreated from its recent highs and is currently trading above $64,000 as of Friday. During this event, the reward for mining new bitcoin blocks is cut in half, slowing down the rate at which new bitcoins are introduced into circulation. Yahoo Finance's Julie Hyman and Madison Mills break down the details, providing insights into the implications for bitcoin miners' profit margins. Want to learn more about the bitcoin halving? Watch this video from Yahoo Finance for a quick explainer: Bitcoin halving: Explained For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Angel Smith
- Yahoo Finance Video
Bitcoin halving will raise our share in mining: CleanSpark CEO
The bitcoin halving event (BTC-USD) is approaching, likely to occur over this weekend and decrease the reward for bitcoin mining operators. Could the crypto asset stand to face even more pricing pressures from the halving since falling off from its all-time high? How will miners react to steepening profit margins? CleanSpark CEO Zach Bradford (CLSK) joins Yahoo Finance to give insight into the bitcoin halving and what crypto traders can expect from bitcoin prices, crypto mining, and the larger cryptocurrency landscape. Bradford talks on how he envisions CleanSpark's operating margins post-halving: "Although we will go from about 900 new bitcoin a day being produced to 450. What that means is the efficient miners who have good solid margins will continue to have margins that are very healthy, but miners that were maybe smaller, didn't have scale, or were inefficient when it comes to their energy usage therefore their costs are higher, they won't be able to keep running their machines and as a result there will be less participants taking a piece of the pie. And therefore the large miner, our piece of the pie should get bigger after halving. We think to the tune of 10, 15, or even 20%." Want to learn more about the bitcoin halving? Watch this video from Yahoo Finance for a quick explainer: Bitcoin halving: Explained For more expert insight and the latest market action, click here to watch this full episode. This post was written by Nicholas Jacobino
- PR Newswire
CleanSpark Exceeds 17 EH/s, Exercises and Upgrades Previously Announced Option for 100,000 Bitcoin Mining Machines
CleanSpark Inc. (Nasdaq: CLSK), America's Bitcoin Miner™, today announced it has exceeded 17 exahashes per second (EH/s) of operating hashrate and has exercised its option to purchase 100,000 Bitmain S21 Pros, or 23.4 EH/s of machines.
