CleanSpark Ends September with Record Bitcoin Production and Treasury Growth
- CleanSpark, a Bitcoin mining company, reported record BTC production for September, producing 629 BTC at an average rate of nearly 21 coins daily.
- The firm sold 445 BTC for approximately $49 million, averaging a selling price of $109,568 per coin.
- Operational hashrate was 45.6 EH/s with fleet efficiency at 16.07 J/Th.
- CleanSpark's BTC holdings increased to over 13,000 self-mined coins, reinforcing its strategy of using BTC as a treasury asset.
- In the past year, CleanSpark expanded capacity by acquiring GRIID Infrastructure and launched a derivatives program to manage volatility.
- The company bolstered its balance sheet with $650 million in convertible notes and $400 million in bitcoin-backed credit facilities.
- CEO Matt Schultz noted September's significance due to new leadership roles and an additional $200 million in credit capacity.
- CleanSpark has 1.03 GW of power contracted and 808 MW currently in use, aiming to be among the largest self-operated miners by fiscal 2026.
- CleanSpark's shares rose 5.7% to about $16.00 in early trading.
