US Bitcoin miner CleanSpark reached a milestone in January by surpassing 10,000 Bitcoins in its treasury, all mined from its domestic operations.
This milestone also reflects a remarkable 236% year-over-year increase in CleanSpark’s Bitcoin-denominated cash.
CleanSpark surpasses 10,000 Bitcoin milestone thanks to its mining operations in the United States
In a January 9 announcement, Zach Bradford, CEO of CleanSpark, attributed obtaining 10,000 Bitcoin to the company’s efficient scaling.
“This achievement is the direct result of our unwavering desire to evolve efficiently and responsibly. Every Bitcoin in our treasury has been mined in the United States, backed by American energy and jobs, underscoring our commitment to sustainable growth and innovation in the global Bitcoin ecosystem,” said the CEO.
CleanSpark now holds 10,097 BTC in its treasury, all mined from its US operations. Bitcoin treasury data showed that in addition to CleanSpark, Bitcoin miners like Marathon Digital, Riot Platforms, and Hut 8 also have 10,000 Bitcoin in their treasuries.
CleanSpark achieved this milestone following its production increase in December.
In December alone, CleanSpark reported producing 668 Bitcoins, up 7% from November. This brought its total production for 2024 to 7,024 Bitcoins. According to Farside Investors, CleanSpark was also the second largest Bitcoin producer in December, behind Marathon Digital.
Throughout the month, CleanSpark’s mining operations averaged 21.56 Bitcoins per day, with a single-day high of 22.46 Bitcoins mined. The miner also sold 12.65 Bitcoins in December at an average price of around $101,246 per Bitcoin.
CleanSpark finished the year with an impressive 39.1 EH/s operational hashrate, beating its forecast. The mining company also added that it is now well positioned to achieve its next target of 50 EH/s by mid-2025, a target that will further cement its leadership in the industry.
In addition to its technical achievements, CleanSpark has expanded its operations across the United States. The company entered three new states in 2024: Mississippi, Tennessee and Wyoming.
However, miner revenues saw a decline in January following a decline in Bitcoin prices. At press time, Bitcoin was trading at $93,981, down 0.6% over the past 24 hours.
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