CleanSpark mined 668 Bitcoin in December, holds 9952 BTC

CleanSpark Inc., a publicly traded Bitcoin mining company, mined 668 Bitcoins in December 2024.

The company sold 12.65 Bitcoins at an average price of $101,246 per Bitcoin (BTC) during the same period. According to the company’s statement, as of the end of the year, CleanSpark had 9,952 Bitcoins in its reserves.

CleanSpark reported mining a total of 7,024 Bitcoins for 2024, marking a significant increase in its operational capacity. The company’s computing power, or hashrate, increased to 39.1 exahashes per second, reflecting the speed and power of its mining operations. In addition, CleanSpark improved energy efficiency, reducing energy consumption per unit of work to 17.59 joules per terahash.

Bitcoin mining involves using specialized computers to solve complex mathematical problems; This is a process that helps verify transactions on the Bitcoin network. Miners are rewarded with newly created Bitcoin for their efforts. CleanSpark focuses on producing Bitcoin through mining facilities while prioritizing energy efficiency and operational scale.

CleanSpark’s latest expansions

CleanSpark has expanded its operations into Mississippi, Tennessee and Wyoming, adding new facilities to support growing mining capacity.

The company raised $650 million through a convertible bond offering, securing capital for future expansion without requiring immediate repayment.

In September, CleanSpark released its unaudited Bitcoin mining update; This update shows that the company’s hashrate increased by 187% in the fiscal year.

According to its year-end statement, CleanSpark aims to reach a hash rate of 50 exahash per second (EH/s) by mid-2025 and further increase its Bitcoin mining capacity.