CleanSpark Inc. released its unaudited Bitcoin mining and operations update for December 2024, highlighting a transformative year. The company mined 668 Bitcoin in December, contributing to a total of 7,024 Bitcoin mined in 2024, with 287.9% hashrate growth and 33.3% efficiency improvement year-over-year.
The company surpassed its year-end guidance, reaching an operational hashrate of 39.1 EH/s and enhancing fleet efficiency to under 17.6 J/Th ahead of schedule. CleanSpark strategically expanded into three new states—Mississippi, Tennessee, and Wyoming—while completing multiple site expansions.
The $650 million zero-coupon convertible bond offering successfully closed in December, fully equipping CleanSpark to execute its strategic objectives. The path to achieving 50 EH/s by mid-2025 is now fully funded, with significant progress reported on new facilities in Clinton, Mississippi, Jackson, Tennessee, and Cheyenne, Wyoming.
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