CleanSpark Unveils Promising Bitcoin Mining Results for January 2025

CleanSpark's January 2025 Bitcoin Mining Update

CleanSpark, Inc. (Nasdaq: CLSK), known as America’s Bitcoin Miner®, recently released its mining and operations update, showcasing significant progress for January 2025. The company reported that 626 bitcoins were mined during the month, achieving an operational hashrate that surpassed 40 EH/s. This strong performance comes amidst challenges posed by extreme weather conditions across various operational regions.

CEO Zach Bradford remarked, “Despite the historic weather events, we powered through January, improved our efficiency, and reached new milestones.” CleanSpark has not only shown resilience but also strategic capability in managing its energy contracts, which allowed it to effectively curtail operations without substantial disruption to its mining activities.

The report highlighted a month-over-month improvement of over 8% in fleet efficiency, ending January with a total of 10,556 bitcoins held in treasury. Furthermore, the company celebrated the five-year anniversary of its listing on Nasdaq, a significant milestone that reflects its growth and stability in the cryptocurrency sector.

Operational Highlights

Throughout January, CleanSpark recorded an average hashrate of 34.76 EH/s and maintained an average efficiency of 17.37 J/TH, producing an average of 20.19 bitcoins daily. The mining operations reached a peak, with a single-day high of 22.89 bitcoins mined, demonstrating the firm’s operational capabilities.

The month also saw the company selling 22.47 bitcoins at an average price of $100,412 each, contributing positively to its financial standing. Overall for the year, CleanSpark produced a total of 626 bitcoins, marking a robust quarterly performance.

Expansion and Future Goals

CleanSpark is actively working on expanding its facilities, indicating a strong growth trajectory. The company reported that a new mining site in Twin City, Georgia, is nearly operational with a capacity of 12 MW. This site is expected to add approximately 0.7 EH/s to its total operating hashrate in the coming weeks.

Additionally, operations are progressing in Cheyenne, Wyoming, where an advanced immersion environment is being deployed. Once fully operational, it is projected to add 5 EH/s to CleanSpark's efficiency, leveraging the latest generation S21 XP Immersion machines.

The Road Ahead

Looking ahead, CleanSpark aims to reach a target of 50 EH/s, enhancing its competitive edge in the bitcoin mining landscape. The company continues to emphasize its commitment to operational excellence, ensuring sustainable practices while capitalizing on the significant demand for bitcoin mining.

In conclusion, CleanSpark’s January update not only highlights its mining accomplishments amid formidable weather challenges but also sets a clear roadmap for future growth. As the firm navigates the evolving challenges of the cryptocurrency space, its focus on efficiency and expansion will likely position it favorably in the industry.

About CleanSpark

CleanSpark, Inc. operates from various locations across the United States, capitalizing on competitive energy prices to optimize their mining facilities. Their approach focuses on balancing energy usage with operational efficiency, aiming to drive superior returns for shareholders. For more information, visit their official website at www.cleanspark.com.