Bitcoin Miner CleanSpark Bets Big On Bull Market: ‘We Could See Bitcoin Peak Just Under $200K,’ Says CEO
Bitcoin mining giant CleanSpark (NASDAQ:CLSK) is betting big on the next crypto bull run, as CEO Zach Bradford told Bernstein analysts that the company plans to aggressively expand mining capacity ahead of and expected Bitcoin (CRYPTO: BTC) price surge.
What Happened: “I believe we could see Bitcoin peak just under $200,000, sometime in the next 18 months,” Bradford told Bernstein analysts in an interview. He expects the upward move to begin after the U.S. presidential election.
To capitalize on this potential rally, CleanSpark is rapidly acquiring and developing mining sites. Bradford noted, “We started the year just under 10EH/s, we crossed 26EH/s this month. With those acquisitions we should be 30EH/s, just right around the corner.”
The company is focusing on smaller, distributed mining operations …
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