CleanSpark Inc., a leading U.S. bitcoin miner, reported impressive accomplishments for December 2024, mining 668 bitcoins and a total of 7,024 for the year. The company’s hash rate grew by 287.9%, with improved efficiency year over year. CEO Zach Bradford highlighted a significant operational leap, achieving 39.1 EH/s hash rate and expanding to three new states—Mississippi, Tennessee, and Wyoming. CleanSpark also successfully closed a $650 million zero-coupon convertible bond offering to fuel its growth, aiming for a hash rate of 50 EH/s by mid-2025. With a total of 20,000 bitcoins mined since inception, CleanSpark is positioned for continued success in the evolving cryptocurrency landscape.
In December 2024, CleanSpark Inc., a prominent player in the Bitcoin mining industry, announced impressive results revealing significant growth and advancements. The company mined a total of 668 Bitcoins in December alone, contributing to an impressive yearly total of 7,024 Bitcoins mined throughout 2024. This represents a remarkable 287.9% increase in hashrate growth alongside a noteworthy 33.3% improvement in efficiency compared to the previous year.
According to Zach Bradford, CEO and President of CleanSpark, the company experienced a transformative year, achieving "true escape velocity" in the Bitcoin mining space. CleanSpark has effectively positioned itself as a leader within the United States by focusing on operational hashrate, cost-efficiency, and overall mining operations. By the end of December 2024, they reached a substantial operating hashrate of 39.1 EH/s, further enhancing their fleet efficiency to under 17.6 J/Th.
Key Highlights from December 2024:
- Bitcoin Produced: 668
- Total Bitcoin Holdings (as of December 31): 9,952
- Monthly Operating Hashrate: 39.1 EH/s
- Deployed Fleet: 201,808 miners
- Average Bitcoin Price Sold: Approximately $101,246
Furthermore, CleanSpark successfully completed the closure of a $650 million zero-coupon convertible notes offering, positioning them for expansion and strategic initiatives aimed at reaching a projected hashrate of 50 EH/s by mid-2025. The company’s strategy also includes enhancing their facilities in Mississippi, Tennessee, and Wyoming, effectively expanding their footprint in critical markets.
As part of their future plans, CleanSpark aims to optimize their mining operations while capitalizing on low-cost energy to facilitate further growth in the Bitcoin Market. With its commitment to innovation and operational excellence, CleanSpark continues to be a key player in the evolving landscape of cryptocurrency mining.
For more information about CleanSpark’s operations and future plans, visit their official website at www.cleanspark.com.
Tags: CleanSpark, Bitcoin Mining, Cryptocurrency, Bitcoin, Hashrate Growth, Energy Efficiency, Crypto Investment, Company Updates.
What does CleanSpark’s mining power of 39.1 EH/s mean?
CleanSpark’s mining power of 39.1 EH/s (exahashes per second) shows how much Bitcoin it can mine. The higher the EH/s, the more Bitcoin the company can produce.
How many Bitcoin does CleanSpark currently hold?
CleanSpark holds nearly 10,000 Bitcoin. This means the company has managed to accumulate a significant amount of cryptocurrency.
Why is CleanSpark’s performance in 2024 important?
CleanSpark’s strong performance in 2024 shows its ability to grow and succeed in the Bitcoin Market. This could attract more investors and boost its reputation in the industry.
How does CleanSpark compare to other Bitcoin miners?
CleanSpark has one of the largest mining powers in the industry, making it a key player among Bitcoin miners. Its high efficiency and large Bitcoin holdings set it apart from many competitors.
What are the future prospects for CleanSpark?
Given its record mining power and substantial Bitcoin holdings, CleanSpark is well-positioned for future growth. If Bitcoin prices rise, the company could see significant financial benefits.