Bitcoin miner CleanSpark has reached the top because its hashrate is more than 37 EH/s.
Cleanspark targets 50 EH/s in the first six months of 2025. By 2024, the Bitcoin miner reached 37.5 EH/s, surpassing the planned hashrate amid expansion efforts.
Bitcoin mining company CleanSpark has surpassed its 2024 hashrate target of 37 exahashes per second, reaching a key milestone in its expansion efforts in the US.
On December 23, the Nasdaq-listed BTC miner announced that it achieved 37.5 EH/s, surpassing its 2024 guidance of 37 EH/s. The Bitcoin miner hit its guidance for the year, jumping ship efficiency to 17.7 Joules per Terahash (J/T), which now sees the firm's target of 50 EH/s in the first half of 2025.
300% Hashret increase by 2024
More hashrate came from new energy stations. CleanSpark's purchase discounts and fleet upgrades also helped the miner hit the top ranks.
Critical to the company's efforts are new data centers in Tennessee and Wyoming that came online this past week.
“Our teams have been working hard throughout the past year. We have reached our ambitious goals since the beginning of 2024 and expanded our capacity by 300% by the end of the year and through 2025,” said Zach Bradford, CEO and President of CleanSpark in a statement.
CleanSpark recently closed a $650 million convertible bond offering and plans to use the capital to finance its growth to 50 EH/s. With the funding in place, the company expects to hit this new milestone by H1, 2025.
On December 3, the miner announced that its November production stood at 622 BTC mined. The operational hashrate at the end of the month was 33.7 EH/s. The number of active miners hovered at 195,059, while the fleet efficiency was 19.05 J/Th.
In total, BTC mining held 9,297 BTC at the end of November.
