Bitcoin Mining Output Slips in June for CleanSpark, BitFuFu, Canaan
Lower network difficulty did not soften the hit: CleanSpark and BitFuFu logged month-on-month production declines, while Canaan used the window to push its BTC treasury to a record.
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Lower network difficulty did not soften the hit: CleanSpark and BitFuFu logged month-on-month production declines, while Canaan used the window to push its BTC treasury to a record.
A bitcoin miner selling compute to a hyperscaler is no longer a press-release curiosity. A $6.6 billion contracted-revenue line and 885 MW of exclusivity make the pivot to AI adjacency impossible to…
CleanSpark-backed plan would have let the state issue debt against bitcoin holdings. The rejection, after the House and Senate had already approved a framework, resets the US state-level adoption…
The bond had cleared Moody's with a Ba2 rating and would have been the first state-backed debt tied to a public miner; the rejection does not change New Hampshire's broader crypto posture.
The headline loss is brutal, but the real read is structural: miners are unprofitable below ~$88K cost and the industry is already moving compute to AI/HPC — CleanSpark is just naming the pivot out…
The 173% jump year-over-year was driven by a $224M mark-to-market hit on the bitcoin CleanSpark holds — and management kept steering the story toward AI infrastructure rather than the mining P&L.