CleanSpark Reaches 50 EH/s Hashrate, Surpasses Tesla in Bitcoin Holdings

CleanSpark, a prominent Bitcoin mining company, achieved a significant milestone in June by reaching 50 EH/s in hashrate, expanding its operations across four U.S. states. This expansion was accompanied by an improvement in average fleet efficiency, which reached 16.15 joules per terahash (J/TH).

The company's production in June amounted to 685 BTC, bringing its year-to-date total to 3,986 BTC. All of these coins were self-mined, and CleanSpark's total bitcoin holdings now stand at 12,608 BTC. This places the company in seventh position among publicly traded Bitcoin holders, surpassing Tesla in the rankings.

In addition to its mining achievements, CleanSpark sold 578.51 BTC for $61.2 million, with an average sale price of $105,860. This sale price outperformed the volume-weighted average price for the month, demonstrating the company's strategic approach to Bitcoin sales.

CEO Zach Bradford highlighted the significance of June 2025, stating that the company had achieved its mid-year target of reaching 50 EH/s through fully self-operated infrastructure. This accomplishment underscores CleanSpark's commitment to operational efficiency and self-sufficiency.

CleanSpark also secured contracts for an additional 179 megawatts (MW) of power, increasing its total contracted capacity to 987 MW. This new capacity is expected to support more than 10 EH/s of incremental hashrate, further enhancing the company's mining capabilities.

The company launched its Digital Asset Management program, which includes a spot sales strategy and derivative overlay. This initiative showed initial gains in June, supporting CleanSpark's broader focus on optimization and operating leverage. The program is designed to maximize the value of the company's Bitcoin holdings through strategic sales and risk management.