What’s going on with CleanSpark and Riot Bitcoin mining rigs? – Cleanspark (NASDAQ:CLSK)

Bitcoin Bitcoin/US Dollar Mining stocks Clean Spark Company Klask and Riot control platforms company Riot control It is trading higher on Monday after the corporate release Mining updates for December.

What happened: CleanSpark mined 668 BTC in December, up from 622 BTC in November. CleanSpark said it mined a total of 7,024 bitcoins in 2024. The company noted that it had a total of 9,952 bitcoin holdings as of December 31.

CleanSpark’s average hash rate during December was 35.52 EH/s. The company ended the period with an operating hashrate of 39.1 exahashes/second. CleanSpark noted that it sold 12.65 bitcoins last month at an average price of about $101,246.

CleanSpark also announced the closure of its zero-coupon convertible note offering and noted that its two bitcoin mining facilities in Mississippi are now fully operational. The company also said that the first phase of its Bitcoin mining site in Jackson, Tennessee has been completed. The second phase is currently underway.

“With the successful closing of a US$650 million zero-coupon convertible bond offering in December, we are fully equipped to execute on our strategic objectives. As we prepare to achieve 50 EH/s by mid-2025, our growth strategy is not only ambitious, but fully funded, making It positions CleanSpark to lead the industry into its next phase of innovation and expansion. Zach BradfordPresident and CEO of CleanSpark.

Related link: MicroStrategy Expands Bitcoin Buying Chain, Metaplanet Aims for 10,000 BTC War Chest

Riot also provided an operational update for December on Monday morning. The company said it mined 516 bitcoins in December, up from 496 in November. Riot noted that it owned a total of 17,722 bitcoins as of December 31.

Riot’s average published hash rate was 31.5 exahashes/s last month, while its average operational hash rate rose to 27.4 exahashes/s. The company indicated that it has completed the installation of the final systems at its Corsicana facility, and has completed the first development phase with a capacity of 400 megawatts.

“Our mining and strategic purchases during the year resulted in Riot holding 17,722 Bitcoins at the end of 2024, representing a 141% increase in Bitcoin held compared to the end of 2023. This resulted in a 39% increase in Bitcoin held for each day. “Riot’s fully diluted share, or ‘bitcoin yield,’ represents a metric that we will look to continually improve for the benefit of our shareholders going forward,” he said. Jason is notCEO of Riot Control.

CLSK, RIOT Price Action: CleanSpark Shares It rose 2.64% to $11.09 Riot stocks They rose 3.32% to $12.75 at press time Monday, according to Benzinga Pro.

Photo: Gaston Cerliani from Shutterstock.