CleanSpark | Crypto

November production rose 11% and contracted power topped 1.4 GW, even as falling bitcoin prices and tighter margins pressure the mining sector. Bitcoin mining company CleanSpark (CLSK) maintained elevated production levels in November, signaling elevated revenue generation despite a challenging environment for cryptocurrency miners and the broader digital asset market. The company reported Wednesday that it mined 587 Bitcoin (BTC) during the month, an 11% increase from October.  CleanSpark also expanded its contracted power capacity by approximately 11% to more than 1.4 gigawatts, a key measure of the electricity the company has secured to support future mining operations. A larger power footprint allows the company to deploy more mining equipment and scale output over time. Read more

CleanSpark expanded its power capacity and secured a Texas site for its new AI campus, reflecting a broader shift among Bitcoin miners toward high-performance computing. Bitcoin miner CleanSpark expanded its power capacity by 28% in October as part of a broader push beyond crypto mining into artificial intelligence and high-performance computing (HPC). The US-based company said it had acquired 271 acres near Houston, Texas, securing 285 megawatts of long-term power for a dedicated AI data center. The move marks one of CleanSpark’s largest steps yet to diversify its operations as demand for energy-intensive computing continues to surge. CleanSpark’s AI move also led to a new partnership with Submer, a company that offers cooling solutions for data centers. “While Bitcoin remains an integral part of our business, we’re equally focused on developing large-scale data centers that will power the next generation of innovation across the digital world,” said Matt Schultz, CleanSpark’s CEO and chairman. Read more

Large Bitcoin mining companies are looking to expand into AI services for new sources of revenue amid the post-Bitcoin halving pressure. Nasdaq-listed Bitcoin mining company CleanSpark's shares soared over 13% on Monday, after the company announced a strategic expansion into artificial intelligence. CleanSpark, the fifth-largest Bitcoin (BTC) mining company by market capitalization, announced a new strategy to expand into AI data center infrastructure, aiming to diversify its revenue streams and strengthen long-term cash flow potential. To lead the initiative, the company appointed Jeffrey Thomas as senior vice president of AI data centers, CleanSpark announced on Monday. Read more

Shares of Nasdaq-listed miner CleanSpark rose more than 5% Friday after the company reported higher September production. Bitcoin miner CleanSpark ended September with 13,011 BTC in its treasury after reporting year-over-year gains in efficiency and output. The company said monthly production rose 27% from September 2024, with 629 Bitcoin (BTC) mined, and sold 445 BTC for roughly $48.7 million at an average price of $109,568. In its Friday update, CleanSpark said that fleet efficiency improved 26% year over year, while its average operating hashrate for the month was 45.6 EH/s. CleanSpark has been selling part of its monthly Bitcoin production since April as part of a push to become financially self-sufficient. It also opened an institutional Bitcoin trading desk to facilitate sales. In August, the company generated $60.7 million from the sale of 533.5 BTC. Read more

The new $100 million facility with Two Prime boosts CleanSpark’s total borrowing capacity to $400 million, fueling data center and hashrate expansion plans. Bitcoin mining company CleanSpark secured its second $100 million credit line this week without issuing new shares, highlighting the growing role of digital assets as collateral in mainstream finance. The latest facility, disclosed Thursday, was arranged with Two Prime, an institutional Bitcoin (BTC) yield platform, and is backed entirely by CleanSpark’s Bitcoin treasury. With this agreement, CleanSpark’s total collateralized lending capacity is now $400 million. The non-dilutive nature of the financing is particularly notable. Public companies often raise growth capital through equity offerings, which can dilute existing shareholders’ stakes. By using its nearly 13,000 BTC holdings as collateral instead, CleanSpark gains access to liquidity while preserving shareholder value. Read more

The Bitcoin miners grew BTC output in August while expanding their operational hash rates more than 100% year-over-year. Bitcoin miners Riot Platforms and CleanSpark boosted their crypto production in August, according to operational updates on Wednesday. Riot Platforms mined 477 BTC in August, up from 322 BTC year-over-year. The output represents a 48% increase compared to August 2024. According to the company, it sold 450 BTC for net proceeds of $51.8 billion during the month, and now holds 19,309 BTC, a 92.7% increase in 12 months.  Meanwhile, CleanSpark mined 657 BTC in August, up from 478 BTC during the same month in 2024. The jump amounts to a year-over-year increase of 37.5%. The company sold 533.5 BTC for $60.7 million last month. Read more

CleanSpark reached 50 EH/s in operational hashrate in June, increasing its total Bitcoin holdings to 12,608 BTC even with significant monthly sales. CleanSpark’s Bitcoin output has surged more than 50% year-over-year, despite the challenges posed by the post-halving environment for BTC miners. The company posted an operational hashrate of 50 EH/s in June from 20.4 EH/s a year earlier, representing a 145.1% jump in mining capacity. Last month, it mined 685 BTC worth $74.2 million at current prices, from 445 BTC mined in June 2024. EH/s stands for exa hash per second, a measurement of computational power. "The tireless efforts of our operations and technology teams resulted in the addition of over 10 EH/s of capacity across four states to achieve the ambitious target,” said in a statement Zach Bradford, CEO and president of CleanSpark. “This represents a 9.6% month-over-month increase.” Read more

Bitcoin miner CleanSpark has reportedly received approval to build a new mining facility in Mountain City, Tennessee, local media outlet WCYB reported on July 2. According to the report, the Mountain City Board of Mayor and Aldermen approved the mine’s development after a 3-1 vote to rezone the targeted 50-acre site. The land will shift […] The post CleanSpark’s Tennessee expansion boosts stock 11% amid local unrest appeared first on CryptoSlate.

The miner's May output shows resilience but still lags behind competitors MARA and Riot Platforms. CleanSpark’s Bitcoin mining production rose more than 9% in May, bringing its treasury to 12,502 BTC, double the amount it held at the same time last year. According to its monthly report, the company mined 9.4% more Bitcoin (BTC) in May, producing 694 coins compared to 633 in April. CleanSpark also achieved a 45.6 exahash rate, up from 42.4 in April, and expanded its contracted power capacity to 987 MW. “May was a strong execution month for CleanSpark,” Zach Bradford, CEO and president, said. “We increased our month-end hashrate to 45.6 EH/s, up 7.5% sequentially, while improving average fleet efficiency.” Read more