Over 700 bitcoin mined, showing a 13% improvement compared to last month
Hashrate hits 42.4 exahash, reflecting a 4.2% increase from the previous month
Company holds 11,869 bitcoin in its reserves
LAS VEGAS, April 4, 2025 /PRNewswire/ — CleanSpark, Inc. (Nasdaq: CLSK), a leading Bitcoin mining firm in the US, also known as “the Company,” has announced its unaudited operational and bitcoin mining results for the month concluding on March 31, 2025.
CleanSpark Bitcoin mining sites in Cheyenne, WY (left) and Jackson, TN (right)
According to Zach Bradford, CleanSpark’s CEO and President, the company has maintained a strong emphasis on strategic execution, creating a solid groundwork for adaptable expansion. He noted, “Our achievements, including adding close to 2 EH/s in Wyoming during March, show this.” Mr. Bradford continued, “Real success comes from reliably delivering on goals through operational excellence, not just setting high targets. Our bitcoin output increased by 13% in March alone, resulting in 706 bitcoin. With nearly a gigawatt of power secured through contracts and a promising pipeline of growth, we anticipate a bright future. CleanSpark’s nearly 12,000 bitcoin in reserve positions us favorably for upcoming developments.”
CleanSpark anticipates the recently announced tariffs could elevate growth costs across the sector temporarily, but the company believes it is adequately prepared. The majority of the miners and infrastructure needed to achieve near-term objectives are already within the United States. The company believes its advantages, such as more favorable capital costs, increased purchasing power, and outstanding operational standards, will ensure continued forward movement. While competitors lacking such scale and strength may see a slowdown from the tariffs, CleanSpark anticipates being able to maintain progress and spearhead industry developments.
March Bitcoin Mining Update (unaudited)
- Bitcoin mined in March: 706
- Total bitcoin held as of March 31: 11,869
- Operating hashrate at month-end: 42.4 EH/s
- MW under contract: 915 MW1
- Average energy efficiency of mining fleet: 17.03 J/Th
- Total bitcoin sold during March: 14.23
- Number of miners deployed: 205,412
- Bitcoin produced in CY2025: 1,956
Throughout March 2025, the average hashrate for the Company was 40.2 EH/s, and the fleet efficiency averaged 17.03 J/Th, producing an average of 22.78 bitcoin each day. The highest single-day production reached 23.52 bitcoin. During March 2025, the firm sold 14.23 bitcoin at an average price near $87,742 per bitcoin.
1MW includes contracted power capacity for all wholly owned sites and does not include non-binding agreements.
Further Updates
Mississippi and Georgia: CleanSpark is actively growing existing facilities throughout Mississippi and Georgia, thereby solidifying their footprint in these established markets. These efforts include further deployments of immersion cooling technology to replicate the top-tier performance observed across the company’s operations. Upon completion, the company estimates these projects will add approximately 2 EH/s to the total hashrate.
Wyoming: CleanSpark continues to build and bring online the next two phases of the regional expansion project in Wyoming. The company anticipates an additional 2.5 EH/s of computing power being activated during the current quarter as development progresses, enhancing the company’s hashrate objectives.
Tennessee: At two data center locations in Tennessee, development projects powered by 60 MW combined are currently underway. The company believes these upgrades will contribute nearly 4 EH/s in processing power, marking nearly a 10% rise in current production. CleanSpark demonstrates dedication to energy efficiency and grid reliability, as both sites participate in the Tennessee Valley Authority’s (TVA) demand response program.
About CleanSpark
CleanSpark (Nasdaq: CLSK), America’s Bitcoin Miner®, is a major player within Bitcoin mining, distinguished by a history of achieving goals. The business owns and runs several mining sites across the United States, tapping into competitive global energy pricing. CleanSpark’s focus on Bitcoin, the optimization of energy, operational performance, and responsible financial management enables the business to deliver remarkable returns for its shareholders. By monetizing affordable, consistent energy through securing the most important limited global asset—Bitcoin—CleanSpark positions itself for ongoing prosperity. For more, visit www.cleanspark.com.
Forward-Looking Statements
This announcement includes certain forward-looking statements under the Private Securities Litigation Reform Act of 1995. These include the Company’s outlooks, plans, and intentions. Such statements are identifiable through terms like “expects,” “will,” “anticipates,” and comparable language, and are subject to multiple risks and unknowns that could cause notable differences between predicted and actual outcomes. Such risks include, but are not limited to: future tariffs; expansion timelines for Georgia, Wyoming, Tennessee, and Mississippi; the ability to increase CleanSpark’s hashrate and the timing thereof; the availability of electricity to the mining facilities; the success of the Company’s mining activities; unpredictability within the industries in which it operates; increasing difficulty of mining; bitcoin halving; governmental regulations; delivery schedules for new miners; deployment success; dependence on utility rates; dependence on third-party providers; and the realization of future revenue growth. These risks are detailed within CleanSpark’s filings with the Securities and Exchange Commission (SEC), including the “Risk Factors” section within the Form 10-K report from September 30, 2024, and subsequent filings. The company makes forward-looking statements solely as of the announcement date and assumes no obligation to revise them unless required by law.
Investor Relations Contact
Barbara Domingo
702-989-7693
[email protected]
Media Contact
Eleni Stylianou
702-989-7694
[email protected]
SOURCE CleanSpark, Inc.