CleanSpark Inc, a publicly traded bitcoin mining company, mined 668 bitcoins in December 2024.

The company sold 12.65 bitcoins during the same period at an average price of $101,246 per bitcoin (Bitcoin). By the end of the year, CleanSpark had 9,952 BTC in its reserves, According to To the company version.

For 2024, CleanSpark reported mining a total of 7,024 BTC, representing a significant increase in its operational capacity. The company's computing power, or hash rate, rose to 39.1 exahashes per second, reflecting the speed and power of its mining operations. Additionally, CleanSpark has improved its energy efficiency, reducing energy consumption per unit of work to 17.59 joules per terahash.

Bitcoin mining involves using specialized computers to solve complex mathematical problems, a process that helps verify transactions on the Bitcoin network. Miners are rewarded with newly generated bitcoins for their efforts. CleanSpark focuses on generating Bitcoin through its mining facilities while prioritizing energy efficiency and operational scale.

CleanSpark's latest expansion

Clean Spark Expanded its operations to Mississippi, Tennessee and Wyoming, adding new facilities to support its growing mining capacity.

The company raised $650 million through a convertible bond offering, securing capital for future expansion without the need for immediate repayment.

In September, CleanSpark Released Unaudited Bitcoin mining update, which shows the company saw its hashrate jump 187% in the fiscal year.

According to a year-end release, CleanSpark aims to reach a hash rate of 50 exahashes per second (EH/s) by mid-2025, boosting its Bitcoin mining capacity.