CleanSpark’s Bitcoin Treasury Surges to 13,011 BTC
CleanSpark, a leading Bitcoin mining company, has announced a notable milestone. Its bitcoin treasury now holds 13,011 BTC. This growth coincides with its mining operations reaching an notable 50 exahashes per second (EH/s). This dual achievement highlights the company’s rapid expansion in asset accumulation and computing power.
in September, the company mined 629 BTC, averaging 21 BTC daily. This success is a testament to its robust mining capabilities. The firm’s fleet efficiency also peaked at 16.07 joules per terahash, showcasing its technical prowess.
CleanSpark’s CEO,Matt Schultz,views this period as “monumental.” He credits the company’s strategic moves and a strengthened leadership team. Schultz highlighted the importance of thes achievements for long-term shareholder returns.
CleanSpark’s Bitcoin Treasury Reaches New Heights
cleanspark, a prominent Bitcoin mining firm, has announced a significant milestone. Its Bitcoin treasury now holds 13,011 BTC.This achievement comes as its mining operations hit a record 50 exahashes per second (EH/s). This dual success highlights the company’s rapid growth in both asset accumulation and computational power.
In September, CleanSpark mined 629 BTC, averaging 21 BTC daily. The company’s fleet efficiency also peaked at 16.07 joules per terahash.
CleanSpark’s CEO,Matt Schultz,described this period as “monumental.” He attributed the success to strategic moves and a strengthened leadership team.Schultz also mentioned a $200 million expansion of the company’s bitcoin-backed credit facility.
Looking ahead, Schultz said, “The coming months and fiscal year represent an exciting new chapter in CleanSpark’s growth story.We are unlocking additional value from our energy portfolio to drive long-term shareholder returns.”
CleanSpark’s fiscal year 2025 has been pivotal, marked by aggressive infrastructure expansion and a formalized corporate structure. The company’s hashrate jumped from 30 EH/s in October 2024 to 50 EH/s by June 2025, achieved entirely through self-operated data centers.
CleanSpark also overhauled its executive suite. Matt Schultz became CEO and Chairman, while Gary Vecchiarelli took on the roles of CFO and President. Other key C-suite roles were also filled.
In Q3, CleanSpark launched a derivatives program to optimize yields on its Bitcoin treasury and manage volatility. The company also executed a $650 million convertible note offering with a 0% interest rate and established $400 million in capacity across its bitcoin-backed credit facilities.
