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CleanSpark Releases March 2025 Bitcoin Mining Update

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CleanSpark (CLSK) reported strong performance in its March 2025 Bitcoin mining operations. The company achieved 706 bitcoin produced, marking a 13% increase month-over-month, while maintaining 11,869 bitcoin in treasury. The operational hashrate reached 42.4 EH/s, up 4.2% from the previous month.

The company's expansion initiatives include new developments across multiple states: Wyoming (adding 2.5 EH/s), Tennessee (adding 4 EH/s), and ongoing expansions in Mississippi and Georgia (contributing 2 EH/s). With 915 MW under contract and an average fleet efficiency of 17.03 J/Th, CleanSpark mined an average of 22.78 bitcoin daily in March.

The company sold 14.23 bitcoin at an average price of $87,742. Despite industry-wide concerns about new tariffs, CleanSpark maintains its growth trajectory, citing advantages in lower capital costs, purchasing power, and operational excellence.

CleanSpark (CLSK) ha riportato una performance forte nelle sue operazioni di mining di Bitcoin di marzo 2025. L'azienda ha prodotto 706 bitcoin, segnando un aumento del 13% rispetto al mese precedente, mantenendo 11.869 bitcoin in tesoreria. L'hashrate operativo ha raggiunto 42,4 EH/s, con un incremento del 4,2% rispetto al mese precedente.

Le iniziative di espansione dell'azienda includono nuovi sviluppi in diversi stati: Wyoming (aggiungendo 2,5 EH/s), Tennessee (aggiungendo 4 EH/s) e espansioni in corso in Mississippi e Georgia (contribuendo con 2 EH/s). Con 915 MW sotto contratto e un'efficienza media della flotta di 17,03 J/Th, CleanSpark ha estratto in media 22,78 bitcoin al giorno a marzo.

L'azienda ha venduto 14,23 bitcoin a un prezzo medio di $87.742. Nonostante le preoccupazioni generali del settore riguardo a nuove tariffe, CleanSpark mantiene la sua traiettoria di crescita, citando vantaggi nei costi di capitale più bassi, nel potere d'acquisto e nell'eccellenza operativa.

CleanSpark (CLSK) reportó un fuerte rendimiento en sus operaciones de minería de Bitcoin en marzo de 2025. La compañía logró 706 bitcoin producidos, marcando un aumento del 13% mes a mes, mientras mantenía 11.869 bitcoin en tesorería. La tasa de hash operativa alcanzó 42.4 EH/s, un 4.2% más que el mes anterior.

Las iniciativas de expansión de la compañía incluyen nuevos desarrollos en múltiples estados: Wyoming (agregando 2.5 EH/s), Tennessee (agregando 4 EH/s) y expansiones en curso en Mississippi y Georgia (contribuyendo con 2 EH/s). Con 915 MW bajo contrato y una eficiencia promedio de flota de 17.03 J/Th, CleanSpark extrajo un promedio de 22.78 bitcoin diarios en marzo.

La compañía vendió 14.23 bitcoin a un precio promedio de $87,742. A pesar de las preocupaciones en toda la industria sobre nuevas tarifas, CleanSpark mantiene su trayectoria de crecimiento, citando ventajas en costos de capital más bajos, poder adquisitivo y excelencia operativa.

CleanSpark (CLSK)는 2025년 3월 비트코인 채굴 작업에서 강력한 성과를 보고했습니다. 회사는 706 비트코인을 생산하여 전월 대비 13% 증가하였으며, 11,869 비트코인을 보유하고 있습니다. 운영 해시레이트는 42.4 EH/s에 도달하여 전월 대비 4.2% 증가했습니다.

회사의 확장 계획에는 여러 주에서의 새로운 개발이 포함됩니다: 와이오밍(2.5 EH/s 추가), 테네시(4 EH/s 추가) 및 미시시피와 조지아에서의 지속적인 확장(2 EH/s 기여). 915 MW의 계약을 체결하고 평균 플릿 효율이 17.03 J/Th인 CleanSpark는 3월에 하루 평균 22.78 비트코인을 채굴했습니다.

회사는 평균 $87,742의 가격으로 14.23 비트코인을 판매했습니다. 새로운 세금에 대한 업계 전반의 우려에도 불구하고 CleanSpark는 자본 비용 절감, 구매력 및 운영 우수성의 이점을 언급하며 성장 궤도를 유지하고 있습니다.

CleanSpark (CLSK) a rapporté de solides performances dans ses opérations de minage de Bitcoin en mars 2025. L'entreprise a produit 706 bitcoins, marquant une augmentation de 13 % par rapport au mois précédent, tout en maintenant 11 869 bitcoins dans sa trésorerie. Le hashrate opérationnel a atteint 42,4 EH/s, en hausse de 4,2 % par rapport au mois précédent.

Les initiatives d'expansion de l'entreprise comprennent de nouveaux développements dans plusieurs États : Wyoming (ajout de 2,5 EH/s), Tennessee (ajout de 4 EH/s) et des expansions en cours dans le Mississippi et la Géorgie (contribuant 2 EH/s). Avec 915 MW sous contrat et une efficacité moyenne de flotte de 17,03 J/Th, CleanSpark a extrait en moyenne 22,78 bitcoins par jour en mars.

L'entreprise a vendu 14,23 bitcoins à un prix moyen de 87 742 $. Malgré les préoccupations sectorielles concernant de nouveaux tarifs, CleanSpark maintient sa trajectoire de croissance, citant des avantages en matière de coûts de capital plus bas, de pouvoir d'achat et d'excellence opérationnelle.

CleanSpark (CLSK) berichtete von einer starken Leistung in seinen Bitcoin-Mining-Operationen im März 2025. Das Unternehmen erreichte 706 produzierte Bitcoin, was einem Anstieg von 13% im Vergleich zum Vormonat entspricht, während 11.869 Bitcoin in der Schatzkammer gehalten wurden. Die operative Hashrate erreichte 42,4 EH/s, ein Anstieg von 4,2% gegenüber dem Vormonat.

Die Expansionsinitiativen des Unternehmens umfassen neue Entwicklungen in mehreren Bundesstaaten: Wyoming (2,5 EH/s hinzufügen), Tennessee (4 EH/s hinzufügen) und laufende Erweiterungen in Mississippi und Georgia (2 EH/s beitragen). Mit 915 MW unter Vertrag und einer durchschnittlichen Flotteneffizienz von 17,03 J/Th hat CleanSpark im März durchschnittlich 22,78 Bitcoin täglich abgebaut.

Das Unternehmen verkaufte 14,23 Bitcoin zu einem durchschnittlichen Preis von 87.742 $. Trotz branchenweiter Bedenken hinsichtlich neuer Zölle hält CleanSpark an seinem Wachstumskurs fest und verweist auf Vorteile in Bezug auf niedrigere Kapitalkosten, Kaufkraft und operative Exzellenz.

Positive
  • 13% increase in monthly bitcoin production to 706 BTC
  • 4.2% increase in operational hashrate to 42.4 EH/s
  • Substantial bitcoin treasury of 11,869 BTC
  • Strong average bitcoin sale price of $87,742
  • Significant expansion projects adding 8.5 EH/s across multiple states
  • 915 MW power capacity under contract
Negative
  • New tariffs may increase industry-wide growth costs
  • Sold only 14.23 bitcoin, indicating heavy treasury accumulation strategy which could impact cash flow

Insights

CleanSpark's March performance shows impressive growth with 706 bitcoin produced - a 13% month-over-month increase that significantly outpaces their hashrate growth of 4.2%, indicating improved operational efficiency. What's particularly noteworthy is their treasury position of 11,869 bitcoin, worth approximately $1.04 billion at their reported selling price of $87,742 per bitcoin.

The company's strategic decision to sell only 14.23 bitcoin in March demonstrates a strong "hodl" approach, prioritizing long-term value accumulation over immediate revenue generation. This treasury now represents approximately half of their $2.1 billion market cap, creating substantial balance sheet strength and financial flexibility.

Year-to-date, CleanSpark has produced 1,956 bitcoin, putting them on pace for impressive annual production. Their minimal selling strategy has allowed them to build one of the largest bitcoin treasuries among public miners, creating a valuable hedge against operational costs while positioning them to potentially capitalize on future price appreciation.

The company's commentary on tariffs suggests they've strategically positioned themselves with stateside infrastructure ahead of regulatory changes, potentially creating a competitive advantage as smaller players with offshore supply chains face increased costs.

CleanSpark's operational metrics reveal significant infrastructure scaling with their hashrate reaching 42.4 EH/s - a 4.2% month-over-month increase. Their average fleet efficiency of 17.03 J/Th positions them competitively in the industry, contributing to their ability to produce 22.78 bitcoin daily in March.

The company's expansion roadmap is particularly compelling. They've secured 915 MW of power under contract - approaching the significant one gigawatt milestone that few miners achieve. This power capacity provides the foundation for substantial hashrate growth as they deploy more miners.

Their multi-state expansion strategy demonstrates intelligent geographical diversification. The Mississippi and Georgia immersion deployments will add approximately 2 EH/s, while Wyoming's next phases will contribute another 2.5 EH/s this quarter. Most significant is their Tennessee expansion, adding nearly 4 EH/s (a 10% production increase) while participating in TVA's demand response program - a smart move that can generate additional revenue through grid services.

Combined, these expansions represent about 8.5 EH/s of additional capacity, which would increase their current hashrate by approximately 20%. With a deployed fleet of 205,412 miners and a clear growth pipeline, CleanSpark has positioned themselves as one of North America's dominant bitcoin mining operations.

Exceeds 700 bitcoin produced, a 13% gain month over month

Achieves 42.4 exahash, an increase of 4.2% month over month

11,869 bitcoin held in treasury

LAS VEGAS, April 4, 2025 /PRNewswire/ -- CleanSpark, Inc. (Nasdaq: CLSK), America's Bitcoin Miner® (the "Company"), today released its unaudited bitcoin mining and operations update for the month ending March 31, 2025.

"We've remained focused on executing our strategy and have built a strong foundation for scalable growth — including the addition of nearly 2 EH/s in Wyoming in March," said Zach Bradford, CEO and President of CleanSpark. "Success isn't just about setting ambitious targets; it's about delivering results through consistent operational excellence. In March alone, we increased bitcoin production by 13%, generating 706 bitcoin. With nearly a gigawatt of energy under contract and a robust growth pipeline, our future is bright. Holding nearly 12,000 bitcoin in treasury, CleanSpark is well-positioned for the road ahead."

"While the recently announced tariffs may temporarily raise industry-wide growth costs, CleanSpark is well-prepared. The majority of our miners and infrastructure required to meet near-term goals are already stateside. We believe our advantages — including a lower cost of capital, superior purchasing power, and best-in-class operations — set us apart. These tariffs may slow down competitors who lack our scale and resilience, but we're confident in our ability to maintain our momentum and lead the industry forward."

March Bitcoin Mining Update (unaudited) 

  • Bitcoin produced in March: 706
  • Total bitcoin holdings as of March 31: 11,869
  • Month-end operating hashrate: 42.4 EH/s
  • MW under contract: 915 MW1
  • Average fleet efficiency: 17.03 J/Th
  • Total bitcoin sold in March: 14.23
  • Deployed fleet: 205,412
  • CY2025 bitcoin produced: 1,956

Throughout March 2025, the Company's average hashrate was 40.2 EH/s and average fleet efficiency was 17.03 J/Th, resulting in an average of 22.78 bitcoin mined daily. The single day high reached 23.52 bitcoin. The Company sold 14.23 bitcoin during March 2025 at an average price of approximately $87,742 per bitcoin.

1MW includes all contracted power capacity for wholly owned sites and excludes any other non-binding arrangements. 

Additional Updates
Mississippi and Georgia: CleanSpark is actively expanding several existing facilities across Mississippi and Georgia, further strengthening its presence in the Company's most established markets. These initiatives include additional immersion deployments designed to deliver the same industry-leading performance seen across the portfolio. Upon completion, these projects are expected to contribute approximately 2 EH/s to the Company's total hashrate.

Wyoming: Construction and commissioning continue for the next two phases of CleanSpark's regional expansion project in Wyoming. Additional computing power of 2.5 EH/s is expected to come online within the current quarter, further advancing the Company's hashrate goals as development in the state progresses.

Tennessee: Expansion projects are underway at two of CleanSpark's data center sites in Tennessee, powered by a combined 60 MW. These initiatives are expected to add nearly 4 EH/s to the Company's total processing power — representing a nearly 10% increase in current production. Both sites will participate in the Tennessee Valley Authority's (TVA) demand response program, reinforcing CleanSpark's commitment to energy efficiency and grid sustainability.

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: future rates and impact of tariffs in the US; the timing, completion and performance of the Georgia, Wyoming, Tennessee and Mississippi expansions; anticipated additions and targets to CleanSpark's hashrate and the timing thereof; the risk that the electrical power available to our facilities does not increase as expected; the success of its digital currency mining activities; the volatile and unpredictable cycles in the emerging and evolving industries in which we operate; increasing difficulty rates for bitcoin mining; bitcoin halving; new or additional governmental regulation; the anticipated delivery dates of new miners; the ability to successfully deploy new miners; 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 the Company's Annual Report on Form 10-K for the fiscal year ended September 30, 2024, and any subsequent filings with the SEC. 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  
Barbara Domingo 
702-989-7693 
ir@cleanspark.com 

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

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/cleanspark-releases-march-2025-bitcoin-mining-update-302420598.html

SOURCE CleanSpark, Inc.

FAQ

How many bitcoin did CleanSpark (CLSK) mine in March 2025?

CleanSpark mined 706 bitcoin in March 2025, representing a 13% increase from the previous month.

What is CleanSpark's (CLSK) current bitcoin treasury holdings as of March 2025?

CleanSpark held 11,869 bitcoin in treasury as of March 31, 2025.

What is CleanSpark's (CLSK) operational hashrate and efficiency in March 2025?

CleanSpark achieved a hashrate of 42.4 EH/s with an average fleet efficiency of 17.03 J/Th.

How much bitcoin did CleanSpark (CLSK) sell in March 2025 and at what price?

CleanSpark sold 14.23 bitcoin at an average price of approximately $87,742 per bitcoin.

What expansion projects is CleanSpark (CLSK) currently undertaking?

CleanSpark is expanding in Wyoming (adding 2.5 EH/s), Tennessee (adding 4 EH/s), and continuing developments in Mississippi and Georgia (adding 2 EH/s).
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