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CleanSpark Reports February 2025 Bitcoin Mining Results

In a recent announcement, CleanSpark, Inc. (Nasdaq: CLSK), branded as America's Bitcoin Miner®, has published its monthly update detailing phenomenal results in bitcoin mining operations for February 2025. With a total production output of 624 bitcoins, the company noticeably increased its bitcoin treasury by nearly 6%, culminating in a total asset holding of 11,177 bitcoins as of February 28, 2025.

The CEO of CleanSpark, Zach Bradford, expressed pride in the company's daily operational excellence, emphasizing their exclusive focus on bitcoin mining. He mentioned that despite February being a shorter month, the company made considerable advancements across all its mining facilities while successfully enhancing their energy portfolio.

Bradford highlighted a pivotal transformation with all remaining mining machines previously operated through the Coinmint facility in New York now being successfully removed. This transition provides CleanSpark with 100% control over its operations, strengthening its market position. Presently, the company has secured nearly 1 gigawatt (GW) of power under contract, ensuring that capacity is readily available to help support its ambitious targets of reaching an operational hash rate of 50 EH/s.

The reported average fleet efficiency improved month on month, achieving 17.07 J/Th during February. By the end of this month, the peak operational efficiency slightly varied compared to January but showcased notable performance improvements due to extended operational run times. These improvements were largely attributed to the reduction of weather-related downtime affecting the S19XP subset of their fleet, known for generating high-margin outputs.

Planning for the future, CleanSpark anticipates reaching the 50 EH/s mark by June 30, 2025. The company continues to invest in infrastructures, aiming to support sustained growth up to 60 EH/s and beyond. This long-term vision is essential for CleanSpark as it accelerates its expansion plans across different states.

Mining Metrics in Detail

During February 2025, CleanSpark's dedicated mining operations generated remarkable metrics:

• - Bitcoin produced: 624 BTC
• - Holdings by end of February: 11,177 BTC
• - Operating hash rate: 40.7 EH/s
• - Power contract capacity: 915 MW
• - Average fleet efficiency: 17.07 J/Th
• - Total bitcoin sold: 2.73 BTC at roughly $95,695 per bitcoin
• - Daily average bitcoin mined: Approximately 22.30 BTC
• - Single-day highest output: 23.53 BTC

Beyond these impressive statistics, CleanSpark is making significant moves in Georgia, where expansion projects are underway to enhance existing facilities, promising continued top-tier performance in one of their most established markets.

Additionally, major developments in Cheyenne, Wyoming, are reported, with an expansion of power contracts to a total of 110 MW anticipated for 2025. Performance metrics from their sites in Cheyenne have shown remarkable results, setting a benchmark for the company's next construction and commissioning phases expected to launch shortly.

Moreover, construction on a new facility in Jackson, Tennessee, is moving ahead with plans for 48 MW of air-cooled infrastructure designed to support approximately 3.1 EH/s. This site is earmarked to be the largest facility in Tennessee and will directly contribute to TVA's demand response program, enhancing CleanSpark’s operational capabilities.

About CleanSpark

CleanSpark, Inc. stands as a leading, pure-play bitcoin mining company with a firm dedication to operational excellence, innovative technology, and sustainable practices. Leveraging competitive energy prices across a suite of mining facilities throughout the U.S., CleanSpark is strategically positioned at the intersection of bitcoin and energy efficiency, enhancing returns for its stakeholders.

Visit CleanSpark’s website for more information on its operations and growth strategy.