CleanSpark Achieves Major Milestone in Bitcoin Mining Operations and Capacity Expansion
CleanSpark Bitcoin Mining Update: June 2025
In a noteworthy release dated July 7, 2025, CleanSpark, Inc. (Nasdaq: CLSK), known as America's Bitcoin Miner®, unveiled its unaudited operational update for June 2025. The company has reached a significant milestone by achieving an operational hashrate of 50 EH/s (exahashes per second) as of June 30, 2025. This achievement not only marks a tremendous increase in capacity but also establishes CleanSpark as the first Bitcoin mining company to reach this milestone solely through self-operated infrastructure.
Achievements and Highlights
During June 2025, CleanSpark reported a 9.6% increase in operational hashrate month-over-month, pushing their fleet's energy efficiency to 16.15 J/Th. This increase was a result of strategic efforts and innovations made by the team's leadership, particularly CEO Zach Bradford along with COO Scott Garrison and CTO Taylor Monnig. The team successfully added over 10 EH/s of capacity across multiple states, thus achieving their ambitious mid-year target.
Bradford expressed gratitude to his team for their continued dedication and highlighted the strategic planning that led to this achievement. In addition to the existing operational capabilities, CleanSpark secured 179 megawatts of additional power capacity under contract, enough to support further expansion and drive sustainable growth initiatives.
The company reported holding a treasury of 12,608 BTC, making it the seventh largest among publicly traded companies worldwide, all mined through its own operations. This growth in the bitcoin treasury showcases CleanSpark's commitment to operational excellence in the cryptocurrency space.
Financial Performance
CleanSpark's financial strategies also showed positive outcomes in June. The average sale price of bitcoin sold during the month reached $105,860, surpassing the volume-weighted average price (VWAP) for the same period. This performance signals strong market capabilities in their trading mechanisms, showcasing a disciplined approach towards crypto asset management.
Gary A. Vecchiarelli, CFO of CleanSpark, mentioned that their digital asset management strategies have moved into the next phase, showing promising results in managed sales programs and derivative transactions. As these strategies develop, the company maintains institutional-grade performance and discipline in treasury management.
Industry Significance
The advancements achieved by CleanSpark coincides with a broader moment of evolution for the Bitcoin industry. Corporations across various sectors are increasingly recognizing Bitcoin’s value in enhancing balance sheets. CleanSpark has positioned itself strategically, focusing on producing Bitcoin at costs significantly below market rates through the development of geographically diverse data centers powered by affordable energy.
Further, as corporate Bitcoin acquisitions continue to grow, surpassing ETF inflows for three consecutive quarters, CleanSpark is putting significant emphasis on continuous optimization, responsible expansion, and ensuring value delivery to its shareholders.
In summary, CleanSpark stands at a pivotal juncture, ready to leverage its scalable growth path and robust operational infrastructure as it navigates the evolving landscape of Bitcoin mining and the broader cryptocurrency market. This operational update not only showcases CleanSpark’s milestones but also stresses the importance of strategic planning and innovative expansion in the mining industry. The future looks promising for CleanSpark as it continues to push boundaries and set standards in the Bitcoin mining sector.
Conclusion
As CleanSpark moves forward, the company remains committed to harnessing innovation, expanding its infrastructure, and enhancing stakeholder value. This drive towards excellence not only positions CleanSpark as a leader in Bitcoin mining but also sets a benchmark for sustainability and economic viability in the fast-growing cryptocurrency market.