CleanSpark’s Bitcoin Treasury Surges to 13,011 BTC as Mining Operations Hit Record 50 EH/s
CleanSpark has reached a significant milestone, with its Bitcoin (BTC) treasury ballooning to 13,011 BTC alongside a record-breaking mining operational hashrate of 50 exahashes per second (EH/s). This dual achievement highlights the company’s simultaneous growth in both asset accumulation and raw computational power.
According to a press release dated October 3, CleanSpark confirmed that its Bitcoin holdings reached 13,011 BTC by the end of September. This milestone coincided with the company’s hashrate peaking at 50 EH/s, marking a new high in its mining capabilities.
In September alone, CleanSpark produced 629 BTC, averaging nearly 21 BTC per day. The company also reported peak fleet efficiency of 16.07 joules per terahash, underscoring improvements in operational performance.
CleanSpark CEO Matt Schultz described this period as monumental. Beyond impressive production numbers, Schultz highlighted enhancements to the company’s leadership team and a $200 million expansion of its bitcoin-backed credit facility.
“Looking ahead, the coming months and fiscal year represent the beginning of an exciting new chapter in CleanSpark’s growth story as we unlock additional value from our energy portfolio and pipeline to drive long-term shareholder returns. Our business is evolving, and we have the team, expertise, and assets to thrive at the intersection of energy, Bitcoin, and compute,” Schultz said.
A Pivotal Year and What’s Next for CleanSpark
Fiscal year 2025 has been a watershed moment for CleanSpark, marked by aggressive infrastructure expansion and a formalized corporate structure. The company’s hashrate leap from 30 EH/s in October 2024 to 50 EH/s by June 2025 was notably achieved entirely through self-operated data centers. This approach provides greater operational control and improved margins compared to miners using third-party hosting services.
CleanSpark also revamped its executive leadership during the year. The leadership team was solidified with Matt Schultz serving as CEO and Chairman, Gary Vecchiarelli appointed CFO and President, and key roles filled including Chief Business Officer and Chief Operating Officer.
In addition to operational and leadership advances, CleanSpark advanced its digital asset management strategy in Q3 by launching a derivatives program. This program is specifically designed to optimize yields on its Bitcoin treasury, manage price volatility, and strategically monetize production without relying on outright spot sales.
On the financial front, CleanSpark executed a $650 million convertible note offering at a 0% interest rate. The offering was coupled with a share buyback and a capped call — a sophisticated financial instrument used to limit dilution.
Moreover, the company has established a total of $400 million in capacity across its bitcoin-backed credit facilities. This development signifies traditional financial institutions’ increasing acceptance of Bitcoin as legitimate collateral for loans.
CleanSpark’s remarkable progress in fiscal year 2025 sets the stage for further growth and innovation at the nexus of energy, Bitcoin mining, and digital asset management.
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