CleanSpark Bitcoin Mining Update: December 2024 Release
CleanSpark, a leading Bitcoin miner in the United States, had an impressive month in December 2024. They mined a total of 668 bitcoins during the month, bringing their total holdings to 9,952 bitcoins by the end of the year. The company saw significant growth in their hashrate, reaching 39.1 EH/s, and improved fleet efficiency to 17.59 J/Th.
CEO and President of CleanSpark, Zach Bradford, highlighted the company’s achievements in 2024. They expanded into new states like Mississippi, Tennessee, and Wyoming. Additionally, they successfully mined their 20,000th bitcoin, showcasing their operational excellence since they began mining just four years ago.
To fund their ambitious growth plans, CleanSpark closed a $650 million zero-coupon convertible bond offering in December. This financing will help them achieve their goal of reaching 50 EH/s by mid-2025. The company is well-positioned to lead the industry into the next phase of innovation and scale.
In December 2024, CleanSpark’s average hashrate was 35.52 EH/s, and they mined an average of 21.56 bitcoins daily. They sold 12.65 bitcoins during the month at an average price of around $101,246 per bitcoin.
The company also provided updates on their operations in Clinton, Mississippi, Jackson, Tennessee, and Cheyenne, Wyoming. These locations house the latest generation of mining equipment and are vital to CleanSpark’s growth strategy.
CleanSpark, known as America’s Bitcoin Miner®, continues to be a market leader with a focus on sustainability and efficiency. With plans to expand their operations and increase their hashrate, CleanSpark is set to make waves in the Bitcoin mining industry.
