Markets· ★★★· bearish·

CleanSpark sold 228 BTC more than it mined in August

  • August mining output was 593 BTC, sales were 821 BTC, a difference of 228 BTC
  • Average daily mining was 19.12 BTC, peak 20.40 BTC, YTD 4,903 BTC
  • Average hashrate fell from 38.6 to 38.3 EH/s, fleet at 201,269 machines
  • BTC reserves fell from 13,931 to 13,703 BTC, 29% pledged or in derivatives
Why it matters: Selling more than mined reduces the miner's reserves and signals supply pressure on BTC from public miners.
Source: Coincierge