CleanSpark Inc. Achieves 30 EH/s Operational Hashrate

CleanSpark Inc. (Nasdaq: CLSK), America's Bitcoin Miner®, has announced it reached 30 EH/s (exahashes per second) in operational hashrate.

The company's hashrate increased by 200% since October 2023 due to substantial organic growth, turn-key acquisitions, and a fleet upgrade. This strategy enhanced efficiency by nearly 20% and increased the number of operational machines by 112%. The efficiency improvements led to higher computing power while using less energy, allowing greater hashrate generation with fewer machines.

CleanSpark projects exceeding 37 EH/s by the end of 2024 and aims for 50 EH/s and beyond in 2025. Additional hashrate is expected from the imminent acquisition of GRIID Infrastructure Inc. CleanSpark maintains a prominent position as one of North America's largest publicly traded bitcoin miners, with operations in Georgia, Mississippi, Wyoming, and Tennessee.

Zach Bradford, CEO, stated, "Reaching 30 EH/s positions us among the world's largest bitcoin miners. We have outpaced all other miners in hashrate growth in 2024. Our results reflect our commitment and capital-efficient scaling capabilities. Our team's agility and determination have been critical for CleanSpark's success. By timing the market well and securing industry-best pricing on essential equipment, we’ve capitalized on available opportunities. Additionally, we have expanded our bitcoin treasury to over 8,049 bitcoin. Since October 2021, we have significantly ramped up our computing power, quadrupling in 2022, nearly doubling in 2023, and tripling our hashrate in 2024.