CleanSpark has registered 10,000 BTC in treasury from US operations
US bitcoin miner CleanSpark hit a milestone in January by mining more than 10,000 bitcoins from its local operations.
The event marks a 236% year-over-year increase in CleanSpark's Bitcoin-certified treasury.
CleanSpark has surpassed 10,000 Bitcoin mining operations in the US
In an announcement on January 9, CleanSpark CEO Zach Bradford attributed the 10,000 Bitcoin milestone to the company's efficient scale.
“This achievement is a direct result of our unwavering focus on efficiency and responsibility. Every bitcoin in our treasury is mined in the United States, backed by American labor and jobs—underscoring our commitment to sustainable growth and innovation in the global Bitcoin ecosystem.” said the CEO.
CleanSpark now holds 10,097 BTC in treasury, all buried from US operations. Data on Bitcoin hoards shows that in addition to CleanSpark, Bitcoin miners such as Marathon Digital, Riot Platform and Hat8 have 10,000 Bitcoins in their hoards.
CleanSpark reached a peak in December following a significant increase in production volume.
In December alone, CleanSpark said it produced 668 bitcoins, a 7 percent increase over November. This brings the total production for 2024 to 7,024 bitcoins. According to Farside Investors, CleanSpark was the second largest bitcoin producer in December behind Marathon Digital.
During the month, CleanSpark's mining operations averaged 21.56 bitcoins per day, with a daily high of 22.46 bitcoins mined. The miner sold 12.65 bitcoins in December for an average of $101,246 per Bitcoin.
CleanSpark finished the year with an impressive 39.1 EH/s operating hashrate, well above the guideline. The mining company says it is well on its way to achieving the next 50 EH/s by mid-2025; This goal further strengthens its leadership in the industry.
In addition to its technical achievements, CleanSpark has expanded its operations throughout the US. The company entered three new states in 2024 – Mississippi, Tennessee and Wyoming.
However, mining revenues declined in January following the fall in bitcoin prices. At press time, Bitcoin was at $93,981, down 0.6% in the last 24 hours.
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