Crypto
CleanSpark Sells More Bitcoins Than Produced in August
CleanSpark, a mining company, has reported its August production and sales figures. The company produced 593 BTC in August, exceeding its July production of 586 BTC.
However, CleanSpark sold more Bitcoin than it produced during the month, selling a total of 821 BTC. This left the company with 13,703 BTC at the end of August, down from 13,931 BTC at the beginning of the month.
The sales were made through various methods, including spot prices, call exercises, and delta-neutral basis trades. CleanSpark reported an average realised price of $65,420 per Bitcoin from its August sales.