CleanSpark, a Bitcoin mining company, has accomplished significant achievements in 2024 by increasing their Bitcoin mining output and expanding operations in the US.
CleanSpark's 2024 Achievements
In December 2024, CleanSpark mined 668 Bitcoin. During the same period, the company sold 12.65 Bitcoin at an average price of $101,246 per Bitcoin. By year-end, CleanSpark held 9,952 Bitcoin in reserves. Throughout 2024, the company mined a total of 7,024 Bitcoins, marking a substantial increase in its operational capacity. The company's hashrate grew to 39.1 exahashes per second.
Expansion Plans and Future Goals
CleanSpark expanded its operations to Mississippi, Tennessee, and Wyoming, adding new facilities to support growing mining capacity. The company raised $650 million through a convertible bond offering, securing funds for future expansion. CleanSpark aims to reach a hashrate of 50 exahashes per second by mid-2025.
Economic and Energy Efficiency
CleanSpark improved its energy efficiency, reducing energy consumption to 17.59 joules per terahash. Bitcoin mining involves specialized computers solving mathematical problems, which help verify transactions on the Bitcoin network. Miners are rewarded with new Bitcoin for their efforts.
CleanSpark showcases impressive Bitcoin mining achievements, focusing on increasing energy efficiency and scaling operations to sustain growth.
