US-based Bitcoin miner CleanSpark just announced it has surpassed 10,000 Bitcoin in its treasury, starting the year with a spark. With this new milestone reach, this makes the mining company the fourth BTC miner to achieve this feat, alongside MARA, Riot Platforms, and Hut 8 Mining. 

The announcement of their latest achievement was made by CleanSpark CEO Zach Bradford on January 9 in a press release on the company’s news page. 

Zach credited this milestone to the commitment to efficient scaling. He noted that “this accomplishment is a direct result of our unwavering focus on scaling efficiently and responsibly.” 

“Every Bitcoin in our treasury has been mined in the United States, supported by American energy and jobs—underscoring our dedication to sustainable growth and innovation in the global Bitcoin ecosystem,” he added. 

From details available in the press release, the exact BTC holdings of CleanSpark are currently at 10,097 BTC, all mined from its US operations. Additionally, data from Bitcoin treasuries also confirmed the numbers showing other miners like Marathon Digital, Riot Platforms, and Hut 8 also maintain around 10,000 Bitcoin in their treasuries.

The above figures represent a remarkable 236% year-over-year growth in CleanSpark's Bitcoin-denominated Treasury. "This achievement goes beyond mere numbers; it is a testament to the effectiveness of our financial strategy and the advancements we've made since mining our first bitcoin in December 2021," remarked Gary Vecchiarelli, CFO of CleanSpark.

"As the digital asset landscape continues to evolve, we are dedicated to managing our bitcoin holdings in ways that adhere to sound risk management principles and a disciplined capital strategy. By steering clear of unfavorable counterparty risks and utilizing our bitcoin to reduce our capital costs, we are establishing CleanSpark as a frontrunner in responsible financial innovation,” he added. 

Breaking down CleanSpark’s milestone, the company’s achievement was bolstered by a surge in production during December. 

According to their December 2024 Bitcoin Mining Update, the company reported mining 668 bitcoin that month. This figure marked a 7% increase from November, bringing its total production for 2024 to 7,024 Bitcoin. Additionally, data from Farside Investors ranked CleanSpark as the second-highest Bitcoin producer that month, following Marathon Digital. 

CleanSpark as the second-highest Bitcoin producer
CleanSpark as the second-highest Bitcoin producer

Throughout December, CleanSpark's mining operations averaged 21.56 Bitcoin per day, with a peak of 22.46 Bitcoin mined in a single day. The company also sold 12.65 bitcoins during the month at an average price of approximately $101,246 per bitcoin.

Ending the year with an impressive operational hashrate of 39.1 EH/s, CleanSpark exceeded its guidance and is now well-positioned to reach its next target of 50 EH/s by mid-2025, further solidifying its leadership role in the industry.

In addition to technical advancements, CleanSpark expanded its operations across the United States by entering three new states: Mississippi, Tennessee, and Wyoming.

However, miner revenues faced a decline in January due to a drop in Bitcoin prices. At the time of reporting, Bitcoin was trading at $93,271, down 2.84% over the last 7 days.

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