CleanSpark Releases June 2025 Bitcoin Mining Update

Rhea-AI Summary

CleanSpark (Nasdaq: CLSK), America's Bitcoin Miner®, has achieved a significant milestone by reaching 50 EH/s operational hashrate in June 2025, becoming the first Bitcoin miner to do so through fully self-operated infrastructure. The company reported a 9.6% month-over-month increase in hashrate and improved fleet energy efficiency to 16.15 J/Th.

The company now holds 12,608 BTC in treasury, ranking seventh among public companies globally, all self-mined. CleanSpark's Digital Asset Management program achieved an average sale price of $105,860 per bitcoin in June, outperforming VWAP by $446. The company has secured 179 megawatts of additional power capacity, supporting over 10 EH/s of incremental hashrate for future growth.

Positive

• Achieved industry-first 50 EH/s operational hashrate milestone through self-operated infrastructure
• 9.6% month-over-month hashrate increase with improved energy efficiency to 16.15 J/Th
• Substantial bitcoin treasury of 12,608 BTC, ranking 7th globally among public companies
• Secured 179 megawatts of additional power capacity for future expansion
• Bitcoin sales achieved $446 premium over VWAP at $105,860 per bitcoin

Negative

• 2,533 bitcoin (20% of holdings) posted as collateral
• Significant portion of power capacity (179 MW) still pending deployment
• Digital Asset Management program still in early 'crawl phase'

Insights

Bitcoin Mining Infrastructure Specialist

CleanSpark achieved 50 EH/s target with self-operated infrastructure, holds 12,608 self-mined BTC, and secured expansion capacity for future growth.

CleanSpark has hit a significant milestone by reaching 50 EH/s of operational hashrate, becoming the first Bitcoin miner to achieve this scale with entirely self-operated infrastructure. This represents a 9.6% month-over-month increase in hashrate, demonstrating impressive execution on their growth strategy. The company's fleet efficiency has improved to 16.15 J/Th, indicating better energy utilization per unit of computing power.

The company's production metrics show they mined 685 Bitcoin in June, averaging 22.82 BTC daily with a peak day of 23.97 BTC. Year-to-date, they've produced 3,968 BTC. Their deployed fleet consists of 241,227 mining units, utilizing 808 MW of their 987 MW contracted power capacity.

What's particularly notable is their treasury position of 12,608 BTC (with 2,533 BTC posted as collateral), all self-mined, ranking them seventh among publicly traded companies globally in Bitcoin holdings. This vertical integration approach differentiates CleanSpark from competitors who purchase Bitcoin on open markets.

The company has secured 179 MW of additional power capacity under contract, supporting over 10 EH/s of incremental hashrate. This provides a clear growth runway, with infrastructure expansion already underway. CleanSpark has also begun implementing more sophisticated treasury management strategies, achieving Bitcoin sales at an average price of $105,860 per Bitcoin, which was $446 above the Volume Weighted Average Price for the period.

Corporate Financial Analyst

From a financial perspective, CleanSpark's June update reveals strong operational execution and strategic positioning in the Bitcoin mining sector. The company's treasury of 12,608 BTC represents significant value at current market prices, with all Bitcoin generated through self-mining operations rather than market purchases – an important distinction in capital efficiency.

Their Bitcoin sales strategy shows early signs of effectiveness, with June sales averaging $105,860 per Bitcoin, $446 above the market VWAP. This represents a sophisticated approach to treasury management that could enhance revenue optimization. The company sold 578.51 BTC in June, generating $61,241,239 in proceeds.

CleanSpark's capital allocation strategy focuses on infrastructure investment rather than Bitcoin acquisition, evidenced by their achievement of 50 EH/s hashrate. With 987 MW of power under contract and 808 MW currently utilized, they have immediate room for optimization of existing assets and clear pathways for growth with the additional 179 MW already secured.

The company's vertical integration model provides operational leverage advantages, potentially resulting in lower production costs compared to competitors who rely on third-party hosting or market purchases of Bitcoin. Their mining infrastructure development across four states also provides geographic diversification, reducing operational risk.

With Bitcoin adoption increasing among corporations (outpacing ETF inflows for three consecutive quarters according to the referenced CNBC report), CleanSpark's established infrastructure and production capacity positions them favorably in this expanding market. Their focus on operational efficiency (improved to 16.15 J/Th) suggests potential for maintaining competitive production costs in a post-halving environment.

Company achieves 50 EH/s mid-year target

12,608 BTC treasury, all self-mined

LAS VEGAS, July 7, 2025 /PRNewswire/ -- CleanSpark, Inc. (Nasdaq: CLSK), America's Bitcoin Miner® (the "Company"), today released its unaudited Bitcoin mining and operations update for the month ended June 30, 2025. 

"June 2025 marked a milestone month for CleanSpark," said Zach Bradford, CEO and President. "We achieved our mid-year target of reaching 50 EH/s of operational hashrate, becoming the first Bitcoin miner to do so entirely through fully self-operated infrastructure. This represents a 9.6% month-over-month increase which further improved our fleet's energy efficiency to 16.15 J/Th. I want to express my gratitude to our team, especially our COO Scott Garrison and CTO Taylor Monnig, for their grit and leadership. Under their direction, 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. With the talent, infrastructure and power contracts in place, CleanSpark is well-positioned to continue scaling."

"With 179 megawatts of additional power capacity secured under contract, enough to support more than 10 EH/s of incremental hashrate, we are actively expanding our infrastructure to bring it online. This capacity will power additional deployments designed to drive efficient, sustainable growth. These expansion efforts are the result of deliberate planning and execution across energy procurement, engineering, and site development. And it's only the beginning. We also have a substantial pipeline of additional power under development and research, giving us a clear path into CleanSpark's next phases of long-term, scalable growth."

As the only large-scale, pure play vertically integrated Bitcoin miner, CleanSpark continues to set the standard for operational excellence and strategic discipline. The Company now holds a bitcoin treasury of 12,608 BTC, ranking seventh among all publicly traded companies worldwide¹, all generated entirely through self-mining.

"CleanSpark's Digital Asset Management efforts are now live and in the 'crawl phase," said Gary A. Vecchiarelli, CFO. "Our initial strategies went live, and we are seeing positive proof of concept results in our actively managed spot sales program and derivative overlay. June resulted in an average sale price of $105,860 per bitcoin net of customary fees, which is $446 above VWAP for the same period, not including the premiums received from derivative transactions. While these strategies are still evolving, I'm proud of the institutional-grade discipline and performance our treasury team is already demonstrating."

"This is a pivotal moment for Bitcoin," Bradford added. "Corporations around the globe are embracing the value of a Bitcoin-enhanced balance sheet. In fact, corporate Bitcoin acquisitions have outpaced ETF net inflows for the third consecutive quarter². At CleanSpark, we've been strategically positioned for this moment from the beginning. Rather than acquiring bitcoin on the open market, we invested in geographically diverse data center infrastructure backed by low-cost energy, enabling us to produce bitcoin at costs well below market price. Having achieved escape velocity, we are now focused on continuous optimization, responsible growth, increasing operating leverage, and delivering sustained value to our shareholders."

June 2025 Bitcoin Mining Highlights (Unaudited)
Production Metrics
Bitcoin produced	685
Peak single day bitcoin production	23.97
Average daily bitcoin production	22.82
CY2025 bitcoin produced	3,968
Fleet Metrics
Operational hashrate3	50.0 EH/s
Average operating hashrate	45.3 EH/s
Average efficiency of deployed fleet	16.15 J/Th
Deployed fleet as of June 30	241,227
Bitcoin Treasury Metrics
Total bitcoin holdings as of June 304	12,608
Total bitcoin sold	578.51
Total USD proceeds from sale of BTC	$61,241,239
Average price per BTC sold	$105,860
Bitcoin VWAP5	$105,414
Power Portfolio Metrics
MW under contract6	987 MW
Utilized MW7	808 MW

1Source: BitcoinTreasuries.net, July 2025.

2CNBC, "Corporate Bitcoin Buying Outpaces ETFs," June 2025.

3Operational hashrate is the maximum hashrate achieved concurrently by all functioning miners that were powered on, properly configured, and actively contributing to our mining pool or the Bitcoin network during the month.

4As of June 30, 2025, CleanSpark's Bitcoin holdings were 12,608 in total (2,533 bitcoin of this amount was posted as collateral).

5Bitcoin VWAP refers to the Volume Weighted Average Price during the referenced period, as sourced from Coinbase.

6MW under contract includes all contracted power capacity for wholly owned or leased sites and excludes any other non-binding arrangements.

7Utilized MW represents the maximum megawatts used concurrently in support of the fleet's operational hashrate during the month.

About CleanSpark
CleanSpark (Nasdaq: CLSK), America's Bitcoin Miner®, is a market-leading, pure play Bitcoin miner with a proven track record of success. We own and operate a portfolio of mining facilities across the United States powered by globally competitive energy prices. Sitting at the intersection of Bitcoin, energy, operational excellence and capital stewardship, we optimize our mining facilities to deliver superior returns to our shareholders. Monetizing low-cost, high reliability energy by securing the most important finite, global asset – Bitcoin – positions us to prosper in an ever-changing world. Visit our website at www.cleanspark.com.

Forward-Looking Statements 
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. In this press release, forward-looking statements include, but may not be limited to, statements regarding the Company's expectations, beliefs, plans, intentions, and strategies. In some cases, you can identify forward-looking statements by terms such as "may," "will," "should," "expects," "plans," "anticipates," "could," "intends," "targets," "projects," "contemplates," "believes," "estimates," "forecasts," "predicts," "potential" or "continue" or the negative of these terms or other similar expressions. The forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to: completion of construction, regulatory approvals, and electrical power availability to achieve the growth targets; the success and performance of the digital asset management and derivatives trading activities, which were only recently commenced; the success of our digital currency mining activities; the impact of the changes to, and uncertainty surrounding, the U.S. import tariff regime, including the potential resulting impact on the cost of miners purchased by the Company; the dependency on utility rate structures and government incentive programs; dependency on third-party power providers for expansion efforts; the expectations of future revenue growth may not be realized; and other risks described in the Company's prior press releases and in its filings with the Securities and Exchange Commission (SEC), including under the heading "Risk Factors" in those filings. Forward-looking statements contained herein are made only as to the date of this press release, and we assume no obligation to update or revise any forward-looking statements as a result of any new information, changed circumstances or future events or otherwise, except as required by applicable law.  

Investor Relations Contact  
Harry Sudock
702-989-7693 
ir@cleanspark.com 

Media Contact 
Eleni Stylianou
702-989-7694
pr@cleanspark.com

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SOURCE CleanSpark, Inc.

FAQ

What is CleanSpark's (CLSK) current operational hashrate as of June 2025?

CleanSpark achieved 50 EH/s operational hashrate in June 2025, becoming the first Bitcoin miner to reach this milestone through fully self-operated infrastructure.

How many bitcoins does CleanSpark hold in its treasury as of June 2025?

CleanSpark holds 12,608 BTC in its treasury as of June 30, 2025, with 2,533 bitcoin posted as collateral. This makes them the seventh-largest public company bitcoin holder globally.

What was CleanSpark's bitcoin production in June 2025?

CleanSpark produced 685 bitcoin in June 2025, with an average daily production of 22.82 BTC and a peak single-day production of 23.97 BTC.

How much power capacity does CleanSpark have under contract?

CleanSpark has 987 MW of power under contract, with 808 MW currently utilized and an additional 179 MW secured for future expansion.

What was CleanSpark's average bitcoin selling price in June 2025?

CleanSpark achieved an average selling price of $105,860 per bitcoin in June 2025, which was $446 above the Volume Weighted Average Price (VWAP) of $105,414.