CleanSpark, an American Bitcoin miner, achieved a significant milestone in January when it accumulated over 10,000 Bitcoins in its holdings, all of which were mined within the U.S. through its own mining activities.
This milestone underscores an impressive 236% growth in the Bitcoin-related holdings of CleanSpark compared to the same period last year.
The achievement signifies a significant boost of 236% in CleanSpark’s Bitcoin-denominated reserves, as compared to the previous year.
CleanSpark Surpasses 10,000 Bitcoin Milestone with US Mining Operations
On January 9th, Zach Bradford, CleanSpark’s CEO, credited their company’s effective expansion as the key factor behind reaching a milestone of 10,000 Bitcoins.
The CEO stated that this achievement is a consequence of our persistent commitment towards efficient and responsible expansion. Every Bitcoin we have in storage has been mined within the U.S., contributing to American energy and employment—a testament to our focus on eco-friendly growth and technological advancement within the international Bitcoin community.
CleanSpark currently possesses approximately 10,097 Bitcoins, all of which were mined from its U.S. operations. According to data on Bitcoin treasuries, companies like CleanSpark, Marathon Digital, Riot Platforms, and Hut 8 also hold around 10,000 Bitcoins in their reserves.
CleanSpark achieved the milestone following its surge in production in December.
As a crypto investor, I’m thrilled to share that in the month of December, my investment with CleanSpark yielded 668 Bitcoins, marking a 7% increase from the production in November. This means that for the year of 2024, CleanSpark has mined a total of 7,024 Bitcoins. Interestingly, according to Farside Investors, CleanSpark stood as the second-highest Bitcoin producer in December, with Marathon Digital taking the lead.
During the course of last month, CleanSpark’s mining activities averaged 21.56 Bitcoins daily, peaking at 22.46 Bitcoins mined on one particular day. Furthermore, the miner offloaded 12.65 Bitcoins in December at an average price point of roughly $101,246 per Bitcoin.
CleanSpark wrapped up the year with an outstanding operational hashrate of 39.1 Exahash per second (EH/s), surpassing their projected expectations. This mining company also emphasized that they are now strategically placed to reach their upcoming target of 50 EH/s by mid-2025, a milestone that will solidify their dominance in the industry.
Besides making significant technological strides, CleanSpark broadened its business footprint nationwide in 2024 by establishing itself in three fresh locations: Mississippi, Tennessee, and Wyoming.
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Not only did CleanSpark excel technically, but it also grew its presence across the United States last year. The company marked its entry into three new states: Mississippi, Tennessee, and Wyoming in 2024.
In contrast, mining income saw a decline in January due to a fall in Bitcoin’s price. At the moment of writing, Bitcoin was being traded at approximately $93,981, marking a 0.6% decrease in value over the last day.
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2025-01-10 10:51