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 during the same period at an average price of $101,246 per Bitcoin (BTC). At the end of the year, CleanSpark held 9,952 Bitcoins in its reserves, according to to a corporate version.

For 2024, CleanSpark said it has mined a total of 7,024 Bitcoins, 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. Additionally, CleanSpark has improved its 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, a process that helps verify transactions on the Bitcoin network. Miners are rewarded with newly minted Bitcoin for their efforts. CleanSpark focuses on generating Bitcoin through its mining facilities while prioritizing energy efficiency and operational scale.

The latest CleanSpark extensions

CleanSpark expanded its operations in Mississippi, Tennessee and Wyoming, adding new facilities to support its 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 update on Bitcoin mining, which shows the company saw its hashrate jump 187% during the fiscal year.

According to its year-end release, CleanSpark aims to achieve a hash rate of 50 exahashes per second (EH/s) by mid-2025, strengthening its ability to mine Bitcoin.