CleanSpark, a prominent Bitcoin mining enterprise headquartered in the United States, recently shared its operational performance report for April 2025. The report, which is yet to be fully audited, indicates a robust month for the company, marked by substantial Bitcoin production and strategic moves that position it favorably as it aims for a significant hashrate milestone.
Throughout April 2025, CleanSpark’s mining operations yielded 633 Bitcoins. This impressive output contributes to a year-to-date total of 2,589 BTC, underscoring the effectiveness and consistency of the company’s mining activities. The daily Bitcoin production averaged 21.1, with the peak single-day production reaching 22.98 BTC. As April concluded, CleanSpark’s total Bitcoin holdings amounted to 12,101, with 1,894.4 BTC specifically designated as collateral. This strategic allocation highlights the company’s adept use of digital assets to bolster its overarching financial strategy.
During April, CleanSpark strategically sold 401.39 Bitcoins at an average selling price of approximately $90,084 per BTC. Gary Vecchiarelli, CleanSpark’s CFO, commented, “Our Digital Asset Management team’s exceptional execution resulted in sales at an average Bitcoin price exceeding $90,000. This showcases both our disciplined approach to the market and our proficiency at an institutional level.” Vecchiarelli further stated, “As we will elaborate on during our upcoming earnings call, we anticipate that our institutional treasury capabilities will further solidify CleanSpark’s leadership position regarding operational excellence and responsible capital management.”
Vecchiarelli expanded on the company’s evolving capital strategy, stating, “In April, we took significant steps to refine our capital strategy by securing a $200 million revolving credit facility with Coinbase. This action exemplifies our calculated method for optimizing our balance sheet. We also monetized a segment of our Bitcoin production to ensure full self-funding of operations and to proactively oversee our liquidity.”
At the close of April, CleanSpark’s operational hashrate was 42.4 EH/s, with an average hashrate of 40.1 EH/s for the month. The company’s deployed mining infrastructure comprised 204,770 units, operating at an average fleet efficiency of 16.98 J/Th. CleanSpark also reported having 915 megawatts of power capacity contracted across its wholly-owned facilities.
Zach Bradford, CleanSpark’s CEO and President, stated, “Slightly over a year following the latest halving, our operational results across varying market dynamics have demonstrated the robustness of our scale, focused strategy, and methodical implementation.” He acknowledged a “marginal increase in network difficulty and some temporary hashrate curtailment owing to ongoing construction,” however he emphasized that these elements were “expected and within our capacity to manage.”
The leadership at CleanSpark reinforced their firm market standing by underlining their dedication to cost-effective operations, strategic growth, and responsible capital management. Bradford further noted, “Our ongoing construction activities in Tennessee and Wyoming are approaching completion and will signify a notable advancement in augmenting our operational capacity and generating enduring value.”