CleanSpark Achieves 50 EH/s Hashrate Milestone Ahead of 2025 Target

CleanSpark, a prominent Bitcoin mining company, has announced that it has reached a significant milestone by achieving 50 exahashes per second (EH/s) of operational hashrate. This achievement marks the company's mid-year target for 2025 and underscores its commitment to building and operating its own infrastructure, which has provided the control, resilience, and scalability needed to lead in the Bitcoin mining industry. The company's infrastructure spans more than 30 locations across several states in the U.S., including Georgia, Mississippi, Tennessee, and Wyoming. This vertically integrated approach allows CleanSpark to have full control over energy procurement, development, and operations, emphasizing long-term sustainability, high uptime, and low marginal cost per bitcoin.

Zach Bradford, CleanSpark's CEO and President, highlighted the strategic focus and disciplined execution that have driven the company's growth. He emphasized that the expansion is not merely for growth's sake but is designed to create long-term shareholder value and advance the company's vision of becoming the global leader in Bitcoin mining. The company's strategy includes growing with capital efficiency, a feat only possible for an operator that has achieved escape velocity.

CleanSpark's approach to mining Bitcoin efficiently, holding it responsibly, and putting it to work in ways that drive shareholder value positions the company for continued growth and success in the ever-changing world of Bitcoin mining. The company's Digital Asset Management (DAM) division continues to mature, actively managing the company's self-mined bitcoin holdings of over 12,500 as a strategic treasury asset to support growth. These activities began generating results in May through active monetization and yield initiatives, forming a key element of CleanSpark's non-dilutive growth approach.

Looking ahead, CleanSpark has laid the foundation to achieve 60 EH/s and beyond. This expansion aligns with the company's broader strategy to grow with capital efficiency, leveraging its self-operated infrastructure. Bradford expressed confidence in CleanSpark's future, citing the company's unmatched scale, non-dilutive growth in motion, and compelling opportunities on the horizon. He also praised the team for their efforts in building the company's success.