CleanSpark’s Bitcoin stash climbs to 9,952 BTC as hashrate grows
CleanSpark mined 668 BTC in December 2024, totaling 7,024 BTC for the year. The company's hashrate increased by 287.9% year over year, with a 33.3% improvement in hashrate efficiency, reaching 39.1 exahashes per second. In December, CleanSpark sold 12.65 BTC at an average price of $101,246, generating approximately $1.28 million. The company expanded its mining capacity by acquiring seven facilities in Knoxville, Tennessee, expected to enhance its hashrate by 22%. By the end of 2024, CleanSpark held 9,952 BTC valued at $1.01 billion, making it the fifth largest corporate Bitcoin holder. Publicly listed companies collectively hold 593,152 BTC, representing about 20% of institutional Bitcoin treasuries. Increasing interest in Bitcoin among corporations is evident, with several companies converting cash into Bitcoin as part of their treasury strategies.
