CleanSpark(CLSK) Prnewswire·2025-01-06 12:00Core Insights - CleanSpark Inc. achieved significant growth in bitcoin mining, producing 668 bitcoin in December 2024 and a total of 7,024 bitcoin for the year [1][8] - The company reported a 287.9% increase in hashrate and a 33.3% improvement in efficiency year-over-year, reaching an operational hashrate of 39.1 EH/s and fleet efficiency of 17.59 J/Th by year-end [2][8] Mining Operations - In December 2024, CleanSpark's average hashrate was 35.52 EH/s, with an average of 21.56 bitcoin mined daily, peaking at 22.46 bitcoin in a single day [4] - The company sold 12.65 bitcoin in December at an average price of approximately 650 million zero-coupon convertible bond offering in December to support its growth strategy, including reaching a target of 50 EH/s [5][2] - The company has a total of 9,952 bitcoin holdings as of December 31, 2024 [8] Expansion and Infrastructure - CleanSpark expanded its operations into three new states: Mississippi, Tennessee, and Wyoming, with multiple site expansions completed [2] - The Jackson, Tennessee site has an initial 12 MW of S21 XP Immersion miners, with a second phase adding 48 MW [6] - In Cheyenne, Wyoming, the company is constructing 75 MW of immersion-cooled bitcoin mining data centers, expected to contribute 5 EH/s upon completion [7]