CleanSpark, a US-based Bitcoin mining operator, achieved a significant milestone by surpassing 10,000 BTC.
The Backbone of Growth
In the last 12 months, CleanSpark has reported a 236 percent year-over-year increase in Bitcoin holdings. CEO Zach Bradford attributed the success to operational efficiency and responsible scaling.
New Record Operational Efficiency
By the end of 2024, CleanSpark’s operating metrics hit all-time highs. The company’s hashrate surged to 39.1 EH/s, well above 2023 levels. Energy efficiency increased by 33%, showing CleanSpark's focus on optimizing resource utilization.
The Way Forward for Financial Management
CleanSpark's financial strategy focuses on retaining mined Bitcoin rather than selling assets. In December 2024, the firm sold only 12.65 BTC out of 668 BTC mined during the month, taking a conservative approach to asset management.
CleanSpark continues to strengthen its position in the Bitcoin mining sector, aiming to enhance operational efficiency and increase its mining capacity further.
