Digital Currency Mining Firm Achieves 626 Bitcoin Mined, Exceeding 40 EH/s Hashrate
Operational Efficiency Climbs Over 8% Compared to Previous Month
LAS VEGAS, Feb. 4, 2025 /PRNewswire/ — CleanSpark, Inc. (Nasdaq: CLSK), recognized as America’s Bitcoin Miner®, shared its preliminary bitcoin mining performance and operational results for January 2025, concluding on January 31st.
According to Zach Bradford, CleanSpark’s Chief Executive Officer and President, “CleanSpark demonstrated resilience in January, enhancing productivity and setting new benchmarks despite severe weather conditions in several operating areas. We surpassed the 40 EH/s mark, accumulated over 10,500 bitcoin in our holdings, and commemorated five years since our Nasdaq listing by opening trading last week. The team’s current focus is on reaching 50 EH/s and strengthening our position among the top three in hashrate, cost-effectiveness per coin, operational efficiency, bitcoin reserves, and system uptime. Our interruptible power agreements proved effective this month, allowing us to reduce consumption during extreme cold. This showed our commitment to our utility and community partners, especially during the five coldest days, and highlighted the benefits of our geographically diverse portfolio strategy. We minimized disruptions in the Southeast while maintaining operations in other regions. Despite the weather challenges, construction in Tennessee, Georgia, and Wyoming is progressing toward our mid-year objectives.”
January 2025 Bitcoin Mining Statistics (preliminary)
- Bitcoin production for January: 626
- Total bitcoin held as of January 31st: 10,556
- Hashrate at month-end: 40.1 EH/s
- Contracted power capacity: 873 MW1
- Fleet efficiency at month-end: 16.15 J/Th
- Total bitcoin sold in January: 22.47
- Total Miners Deployed: 217,272
- Total bitcoin production CY2025: 626
Throughout the month, CleanSpark’s average hashrate reached 34.76 EH/s, with an average fleet efficiency of 17.37 J/Th, resulting in approximately 20.19 bitcoin mined each day. The highest single-day production reached 22.89 bitcoin. The firm liquidated 22.47 bitcoin during January at an average selling price of around $100,412 per bitcoin.
1MW includes contracted power for owned sites only, excluding hosting or non-binding agreements.
Additional Company News
Twin City, Georgia Facility: The 12 MW facility in Georgia, utilizing S21 Pro miners, is nearing full operational status, currently contributing roughly 0.7 EH/s to CleanSpark’s overall hashrate. The remaining 0.1 EH/s is anticipated to become active in the coming weeks.
Cheyenne, Wyoming Location: Deployment continues at the state-of-the-art immersion-cooled facility, maintaining progress towards completion this quarter. Once fully energized with the latest generation S21 XP Immersion units, the deployment should add 5 EH/s to CleanSpark’s most efficient hashrate.
About CleanSpark
CleanSpark (Nasdaq: CLSK), America’s Bitcoin Miner®, is a premier, publicly-traded Bitcoin mining entity with a distinguished performance record. The company owns and operates a diverse collection of mining sites across the United States, taking advantage of competitive global energy costs. Uniquely positioned at the convergence of Bitcoin technology, reliable energy sources, operational expertise, and sound financial management, CleanSpark optimizes its mining operations to deliver superior returns to its stakeholders. By leveraging affordable, consistent power to secure the world’s most valuable digital asset, Bitcoin, CleanSpark aims for continued success in a rapidly evolving landscape. Learn more by visiting www.cleanspark.com.
Safe Harbor Statement
This press release includes certain forward-looking statements as defined within the meaning of the Private Securities Litigation Reform Act of 1995. These statements address CleanSpark’s expectations, beliefs, intentions, and plans. Forward-looking statements can often be identified by terminology such as “may,” “will,” “should,” “expects,” “plans,” “anticipates,” “could,” “intends,” “targets,” “projects,” “contemplates,” “believes,” “estimates,” “forecasts,” “predicts,” “potential,” or “continue,” including the negative forms of these expressions or similar language. These statements are subject to various known and unknown risks, uncertainties, and other factors that could cause actual results, performance, or achievements to differ significantly from those expressed or implied within these statements, including, but not limited to: the completion and performance of the Jackson, Tennessee, Cheyenne, Wyoming, and Twin City, Georgia data centers; anticipated hashrate additions and timelines; the risk that electrical power available to our facilities does not increase as expected; the success of its digital currency mining activities; the volatile and unpredictable cycles of emerging industries; rising difficulty in bitcoin mining; bitcoin halving events; new or changing governmental regulations; projected delivery dates for mining equipment; successful deployment of new miners; reliance on utility rate structures and government programs; reliance on external power providers for growth; and potential failures to achieve projected revenue growth. Additional risks are discussed in the Company’s prior press releases and SEC filings, including the “Risk Factors” section of the Annual Report on Form 10-K for the year ended September 30, 2023, and subsequent SEC filings. The forward-looking statements in this release are relevant as of the date of publication, and CleanSpark assumes no responsibility to update or revise any forward-looking statement due to new information, altered circumstances, or future developments, except where required by law.
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SOURCE CleanSpark, Inc.