CleanSpark Releases March 2025 Bitcoin Mining Update

Core Insights - CleanSpark, Inc. reported a 13% month-over-month increase in bitcoin production, generating 706 bitcoin in March 2025 [1][7] - The company's operating hashrate reached 42.4 exahash, marking a 4.2% increase month-over-month [1][7] - CleanSpark holds 11,869 bitcoin in treasury, positioning itself strongly for future growth [1][7] Production and Financial Performance - The average hashrate for March was 40.2 exahash, with an average fleet efficiency of 17.03 J/Th, resulting in an average of 22.78 bitcoin mined daily [3][7] - The highest single-day production reached 23.52 bitcoin [3] - CleanSpark sold 14.23 bitcoin in March at an average price of approximately $87,742 per bitcoin [3][7] Expansion and Infrastructure - CleanSpark is expanding facilities in Mississippi and Georgia, which are expected to add approximately 2 exahash to the total hashrate [4] - In Wyoming, construction is ongoing for two phases of expansion, expected to add 2.5 exahash within the current quarter [5] - Expansion projects in Tennessee are underway, anticipated to contribute nearly 4 exahash, representing a nearly 10% increase in current production [6] Strategic Positioning - The company has nearly 1 gigawatt of energy under contract and a robust growth pipeline, indicating strong future prospects [1] - CleanSpark emphasizes its advantages, including lower capital costs and superior purchasing power, which may help mitigate the impact of recently announced tariffs on the industry [1]