CleanSpark mined 668 Bitcoin in December and now holds 9,952 BTC

CleanSpark Inc., a publicly traded Bitcoin mining company, reported a significant achievement in December 2024, mining 668 Bitcoin. The company also sold 12.65 Bitcoin during this period, fetching an average price of $101,246 per Bitcoin. By the end of the year, CleanSpark’s Bitcoin reserves stood at 9,952 BTC.

Throughout 2024, CleanSpark’s mining operations were notably productive, with a total of 7,024 Bitcoin mined. The company’s hashrate, a measure of the mining operations’ computing power, grew to 39.1 exahashes per second (EH/s), highlighting the scale and efficiency of its operations. In addition to expanding its computational capacity, CleanSpark made strides in improving energy efficiency, reducing the energy consumption per terahash to 17.59 joules.

To support its growing mining capacity, CleanSpark expanded its operations across various states, including Mississippi, Tennessee, and Wyoming, setting up new mining facilities. The company also raised $650 million through a convertible bond offering, which will help fund future expansions without the need for immediate repayment.

The company’s growth trajectory was evident, as its hashrate increased by 187% over the fiscal year, as reported in its unaudited Bitcoin mining update released in September. Looking ahead, CleanSpark has set an ambitious goal to reach a hashrate of 50 exahashes per second (EH/s) by mid-2025, which would further enhance its ability to mine Bitcoin efficiently and at a larger scale.

These developments position CleanSpark as one of the prominent players in the Bitcoin mining space, focused not only on increasing its mining capacity but also on achieving operational excellence through improved energy efficiency.