CleanSpark Inc. Mines 7,024 Bitcoins and Holds 9,952 BTC in 2024
CleanSpark Inc. released a report on its Bitcoin mining activities for December 2024, reporting the mining of 668 bitcoins in December and a total of 7,024 bitcoins for the year. As of December 31, 2024, total Bitcoin holdings reached 9,952.
Zach Bradford, CEO and President of CleanSpark, stated the company experienced significant growth in 2024, becoming a leader in hashrate, reducing costs, improving fleet performance, and managing Bitcoin holdings effectively. CleanSpark achieved a hashrate of 39.1 exahashes per second, exceeding planned efficiency goals. In December 2024, the average hashrate was 35.52 exahashes per second, with fleet efficiency at 18.06 J/Th of energy. This performance enabled the company to mine an average of 21.56 bitcoins daily, peaking at 22.46 bitcoins in one day. CleanSpark sold 12.65 bitcoins in December 2024 for approximately $101,246 each. The company reported:
“Throughout December 2024, the Company’s average hashrate was 35.52 EH/s and average fleet efficiency was 18.06 J/Th, resulting in an average of 21.56 bitcoin mined daily. The single day high reached 22.46 bitcoin. The Company sold 12.65 bitcoin during December 2024 at an average price of approximately $101,246 per bitcoin.”
Expansion into New States and Facilities Boosts Growth
CleanSpark's growth was further enhanced by strategic expansions into Mississippi, Tennessee, and Wyoming while continuing to grow existing mining sites. In Clinton, Mississippi, two Bitcoin mining facilities became operational, utilizing S21 Pro miners with a combined hashrate of about 1 EH/s. In Jackson, Tennessee, the first phase of a 60 MW mining site was completed, featuring 12 MW of S21 XP Immersion miners, with a second phase under development to add another 48 MW of air-cooled S21 Pro miners, expected to increase total hashrate by approximately 3.7 EH/s.
The company marked a milestone by mining its 20,000th Bitcoin since its inception four years ago. Plans are in place to reach 50 exahashes per second (EH/s) by mid-2025, positioning CleanSpark for continued leadership in innovation and expansion within the Bitcoin mining industry.
“As we gear up to achieve 50 EH/s by mid-2025, our growth strategy is not only ambitious but fully funded, positioning CleanSpark to lead the industry into its next phase of innovation and scale,” CleanSpark stated.