CleanSpark Releases May 2025 Bitcoin Mining Update

Core Insights - CleanSpark, Inc. is advancing towards a hashrate milestone of 50 EH/s with fully self-operated infrastructure, reflecting its commitment to operational control and scalability [2][3] - The company has doubled its Bitcoin treasury year-over-year to 12,502 BTC, all acquired through mining operations without issuing equity since November 2024, emphasizing disciplined capital management [2][5] - CleanSpark has expanded its contracted power capacity to 987 MW, which supports its growth strategy and operational performance [2][5] Operational Performance - In May 2025, CleanSpark maintained an average hashrate of 42.5 EH/s and achieved a month-end hashrate of 45.6 EH/s, representing a 7.5% increase sequentially [2][5] - The company produced an average of 22.39 BTC daily, with a peak single-day output of 23.50 BTC, and sold a total of 293.5 BTC at an average price of approximately $102,254 per BTC [5] - The average fleet efficiency was reported at 16.71 J/Th, indicating effective energy utilization in mining operations [7] Strategic Positioning - CleanSpark is recognized as the sixth-largest public Bitcoin holder, all mined directly through its operations, validating its infrastructure-first strategy [3] - The company aims to achieve over 60 EH/s in the future, indicating a focus on long-term growth and shareholder value [3] - CleanSpark's participation in Bitcoin 2025 highlighted its leadership in discussions on mining, energy, and digital asset management [3]