CleanSpark Inc., a leading Bitcoin miner in the U.S., achieved remarkable growth in December 2024, mining 668 bitcoins and totaling 7,024 bitcoins for the year. The company reported a 287.9% increase in hashrate and a 33.3% boost in efficiency. CEO Zach Bradford highlighted their progress, reaching a hashrate of 39.1 EH/s and enhancing operational efficiency. CleanSpark strategically expanded its operations into Mississippi, Tennessee, and Wyoming, and celebrated the milestone of mining their 20,000th bitcoin. With a recent $650 million bond offering, the company is well-positioned to further its goals, aiming for 50 EH/s by mid-2025, driving innovation and growth in the Bitcoin mining industry.
CleanSpark Achieves Major Milestones in Bitcoin Mining
CleanSpark Inc., an American leader in Bitcoin mining, recently announced impressive figures for December 2024. The company mined a total of 668 Bitcoin in December and achieved an annual total of 7,024 Bitcoin throughout the year. This marks a remarkable growth of 287.9% in hashrate with a 33.3% improvement in efficiency compared to the previous year.
CEO Zach Bradford highlighted 2024 as a transformative year for CleanSpark, stating that they became a national leader in operational hashrate and cost-efficiency within the Bitcoin mining industry. The company reported a month-end operating hashrate of 39.1 EH/s, representing a significant increase in performance. CleanSpark’s strategic expansions into new states like Mississippi, Tennessee, and Wyoming, alongside advancements in technology, have solidified its position in the Market.
In December, CleanSpark’s average hashrate was 35.52 EH/s, yielding an average of about 21 Bitcoin mined daily. Their efficiency measures have positioned them to reach a targeted 50 EH/s by mid-2025, showcasing an ambitious growth strategy fully backed by a recent $650 million convertible bond offering.
Noteworthy Highlights from December 2024:
– Bitcoin produced: 668
– Total Bitcoin holdings: 9,952
– Month-end operating hashrate: 39.1 EH/s
– Fleet efficiency: 17.59 J/Th
– Total Bitcoin sold: 12.65 at roughly $101,246 per Bitcoin
– Deployed fleet: 201,808
These results underline CleanSpark’s commitment to achieving operational excellence in the Bitcoin mining sector. With plans for further expansion and efficiency improvements, the company is well-positioned to continue leading the industry.
As a Market-leading Bitcoin miner, CleanSpark is recognized for its focus on sustainable energy and operational performance. For more information, visit their website at www.cleanspark.com.
This progress marks a significant achievement in CleanSpark’s journey, paving the way for a bright future in Bitcoin mining.
Tags: CleanSpark, Bitcoin mining, financial news, cryptocurrency, energy efficiency, hashrate growth.
What is CleanSpark’s current mining power?
CleanSpark has reached a record mining power of 39.1 EH/s. This means they can do a lot of Bitcoin mining very efficiently.
How many Bitcoins does CleanSpark own?
CleanSpark holds nearly 10,000 Bitcoins. This shows they are investing heavily in Bitcoin and its future.
Why did CleanSpark’s mining power increase in 2024?
The increase in mining power is due to strong growth and smart investments in technology. This enables them to mine more effectively.
What does EH/s mean in mining?
EH/s stands for exahash per second. It measures how many calculations a mining operation can make in one second. A higher number means better mining performance.
What does this record mean for CleanSpark’s future?
This record suggests CleanSpark is well-positioned for the future in the Bitcoin Market. With increased mining power and Bitcoin holdings, they could see great potential for profit and growth.