Category: Blog

CoinDesk: Bitcoin Miner CleanSpark Hits 50 EH/s Hashrate Milestone

The firm has set its sights on 60 EH/s. By: Tom Carreras CleanSpark (CLSK), a U.S.-based bitcoin mining firm, said Tuesday that it reached 50 exahashes per second (EH/s) of operational hashrate — a milestone that makes it one of the largest mining operations in the world.The company built and operates more than 30 sites across Georgia, Mississippi, Tennessee and Wyoming. […]

CleanSpark Reaches 50 EH/s Milestone; Escape Velocity in Action 

First publicly traded miner to reach this scale with fully self-operated infrastructure ï»żï»ż     CleanSpark, Inc. (Nasdaq: CLSK), America’s Bitcoin MinerÂź, today announced it has achieved its mid-year target of 50 exahashes per second (EH/s) of operational hashrate, a measure of computing power dedicated to mining Bitcoin. “Reaching 50 EH/s is a major milestone. […]

Bitcoin Magazine: JPMorgan Reports Record Profits for Bitcoin Miners in Q1

By: Jenna Montgomery Bitcoin mining companies in the U.S. have kicked off 2025 with record performance, according to a recent report. The first quarter of the year was “one of Bitcoin miners’ best quarters to date,” analysts Reginald Smith and Charles Pearce stated.  “Four of the five operators in our coverage reported record revenue and profits,” the […]

Bitcoin Magazine: CleanSpark Reports Strong April Bitcoin Mining Results

CleanSpark produced 633 bitcoin in April and secured a $200 million credit line from Coinbase, as the company nears its goal of reaching 50 EH/s and expands its operations in Tennessee and Wyoming.. By: Oscar Zarraga Perez American Bitcoin mining company, CleanSpark, has released its unaudited operations update for April 2025, showcasing continued strength in both production and […]

Bloomberg: Crypto Stocks Emerge Unscathed From April’s Market Turmoil

By: Matthew Griffin Cryptocurrency-linked stocks rallied in April, riding a surge in the price of Bitcoin to emerge largely unscathed by the turbulence that roiled US equity markets. Shares of Michael Saylor’s Strategy, exchange operator Coinbase Global Inc. and mining firm CleanSpark Inc. all climbed sharply, logging double-digit gains even as the S&P 500 Index slipped 0.8%. The rally propelled […]

The Block: CleanSpark Reports $162.3 Million in Quarterly Revenue: ‘Why Buy Bitcoin at Current Prices When We Can Mine It for $34,000?’

CleanSpark generated revenue of $162.3 million in the fourth quarter of 2024, up 120% year-over-year. The Bitcoin miner reported net income of $246.8 million and adjusted EBITDA of $321.6 million for Q4 — also up significantly from the same period in 2023. By: James Hunt Bitcoin miner CleanSpark reported revenues of $162.3 million for the fourth quarter of […]