In a recent update, Bitcoin miner CleanSpark reported impressive figures for September, having mined 493 BTC, bringing its total for the year to 5,079 BTC.
This surge contributed to a total of 7,098 BTC mined in fiscal year 2024, pushing their Bitcoin treasury holdings to 8,049 BTC—a staggering 258% increase year-over-year. Despite selling 2.5 BTC during the month, the company’s growth trajectory remains strong.
CleanSpark also announced a remarkable jump in its hashrate, which soared to 27.6 EH/s, up from 9.6 EH/s, marking a 187% increase over the past year.
This growth was fueled by strategic expansions across three new states and the completion of several acquisitions, including the GRIID Infrastructure deal. CEO Zach Bradford expressed optimism, suggesting that the company could reach 30 EH/s by the end of October 2024 and aim for 50 EH/s in 2025.
However, the Bitcoin market faced challenges, with the cryptocurrency trading around $60,663, reflecting a 1.5% decline in the last 24 hours amid geopolitical tensions in the Middle East.
CleanSpark’s stock, CLSK, also experienced a dip, trading at $8.58, down 2.5% for the day and 17.7% over the past week. Despite these market fluctuations, CleanSpark’s operational advancements position it well for future growth in the competitive landscape of Bitcoin mining.
