CleanSpark’s Big Boost: Adding 6% to Bitcoin Treasure in February
A New Record for CleanSpark
In the ever-changing world of Bitcoin mining, CleanSpark, Inc. has achieved a significant milestone. In February 2025, they increased their Bitcoin treasure by nearly 6%. This impressive feat not only shows the company’s excellent operations but also their smart growth strategy in the competitive Bitcoin mining industry.
CleanSpark’s February Success
In February, CleanSpark mined 624 Bitcoins[1][3], which added to their total Bitcoin treasure, making it 11,177. This is a big jump from the previous month. The company’s average daily mining output was 22.30 Bitcoins, with a record of 23.53 Bitcoins in a single day[1]. These numbers show that CleanSpark can keep up high productivity even in shorter months.
Efficiency and Growth
CleanSpark’s success also comes from their efficient operations. They achieved an average fleet efficiency of 17.07 joules per terahash (J/Th), with a peak of 16.82 J/Th at the end of the month[1][3]. This improvement in efficiency helps CleanSpark optimize their mining operations and reduce costs. Plus, they’ve expanded their power contracts in Cheyenne, Wyoming, by 35 MW, making it a total of 110 MW. They’re also building a new facility in Jackson, Tennessee[1][3].
Strong Growth and Finances
CleanSpark’s smart growth is backed by their strong financial performance. In the first quarter of fiscal year 2025, their revenue grew by 120% year-over-year, reaching $162.3 million[4][5]. This growth comes from better operations and a 6% reduction in the cost to mine Bitcoin, which is now around $34,000 per coin[4][5]. Their net income for the quarter was $246.8 million, which is a big improvement from the previous year[5].
Looking Ahead
CleanSpark is on track to reach a hashrate of 50 EH/s by June 30, 2025, and they’re planning to expand further to 60 EH/s[1][3]. Their strong financial position, with nearly $2.8 billion in assets and $1.2 billion in liquidity, gives them a solid foundation for these plans[4][5]. CleanSpark’s focus on excellence and growth makes them a strong player in the competitive Bitcoin mining sector.
A Bright Future for CleanSpark
In conclusion, CleanSpark’s 6% increase in their Bitcoin treasure in February 2025 shows their operational excellence and smart vision. With a focus on efficiency, growth, and strong finances, CleanSpark is well-positioned to continue growing in the Bitcoin mining industry. As they move forward with their ambitious plans, they remain a key player in the evolving world of cryptocurrency mining.
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Sources:
– investors.cleanspark.com
– investing.com
– theblock.co