#USA #Bitcoin #Las Vegas #mining #CleanSpark

CleanSpark Reaches 50 EH/s Milestone

CleanSpark, Inc., famously known as America's Bitcoin Miner®, has announced a remarkable achievement of reaching a mid-year operational hashrate of 50 exahashes per second (EH/s). This rate signifies the computing power dedicated to Bitcoin mining, and it marks a pivotal moment in CleanSpark's journey within the cryptocurrency space.

Zach Bradford, the CEO and President of CleanSpark, expressed pride in attaining this milestone, stating that it represents years of strategic focus and unwavering commitment to operational excellence. He emphasized that this growth was not a serendipitous occurrence but rather the product of intentional infrastructure building and self-operated facilities. CleanSpark operates more than 30 locations across various states, including Georgia, Mississippi, Tennessee, and Wyoming. This extensive portfolio affords the company a high degree of control over energy procurement, developing reliable operations that ensure long-term sustainability and low marginal costs per bitcoin.

Bradford remarked, "We've never pursued growth for its own sake. Every new megawatt and every additional exahash has been deliberately designed to create long-term shareholder value." This underscores CleanSpark's vision of positioning itself as a leader in the Bitcoin mining space by adhering to stringent operational practices.

The company's infrastructure strategy emphasizes growth through capital efficiency, aiming for continued expansion aligned with its broader market vision. Looking ahead, CleanSpark has ambitious targets, aiming for 60 EH/s and beyond. This expansion is part of a calculated approach to optimize resources and continuously improve performance, often referred to as achieving 'escape velocity' in the industry.

In addition to its impressive hashing capacity, CleanSpark's Digital Asset Management (DAM) division has made significant strides. The Company actively manages its self-mined Bitcoin holdings, currently amounting to over 12,500 BTC. This strategic move serves not only as a treasury asset but also plays a critical role in underpinning growth initiatives. As early as May, CleanSpark's DAM efforts began yielding results through active monetization and sustainable yield strategies, positioning the company uniquely in an evolving market landscape.

Bradford concluded on a confident note, stating, "We’re mining Bitcoin efficiently, holding it responsibly, and putting it to work in ways that drive shareholder value." With unmatched scale and compelling growth opportunities on the horizon, the future looks bright for CleanSpark. The company stands at the intersection of Bitcoin, energy, and operational excellence, giving it a robust foundation to thrive amidst changing market dynamics.

In summary, CleanSpark's achievement of reaching 50 EH/s is not just a landmark moment; it signifies the culmination of years of strategic development and a clear pathway for future growth in the increasingly competitive world of Bitcoin mining. Through its commitment to operational excellence and sustainability, CleanSpark is setting itself apart as a reliable and innovative player in the industry.