CleanSpark’s Bitcoin holdings rise to 9,952 BTC with growing hashrate

CleanSpark, a U.S.-based cryptocurrency mining company, significantly increased its Bitcoin holdings and hashrate in December 2024, positioning itself as one of the largest corporate Bitcoin (CRYPTO:BTC) holders globally.

According to a Jan. 6 report, the company mined 668 BTC in December, bringing its total mined Bitcoin for 2024 to 7,024 BTC.

This marked a 287.9% year-over-year growth in its hashrate, or the computational power used to secure the Bitcoin network.

Hashrate efficiency also rose by 33.3%, reaching 39.1 exahashes per second by year-end.

CleanSpark sold 12.65 BTC in December, or 58% of its average daily production for the month, generating $1.28 million in revenue at an average selling price of $101,246.

In 2024, CleanSpark expanded its mining capacity by acquiring seven facilities in Knoxville, Tennessee.

The company expects these acquisitions to boost its hashrate by 22%.

By the end of the year, CleanSpark's Bitcoin holdings totaled 9,952 BTC, valued at approximately $1.01 billion, making it the fifth-largest corporate Bitcoin holder, surpassing Tesla.

Only MicroStrategy and three other mining companies hold more Bitcoin than CleanSpark.

While CleanSpark's stock, traded under the ticker CLSK, saw a rally in early January, it remains less than half of its 52-week high.

CleanSpark’s growing Bitcoin holdings highlight its commitment to mining efficiency and its position among top corporate holders.

The trend of corporations adding Bitcoin to their balance sheets continues, with other companies, such as KULR and Matador Technologies, following suit.

At the time of reporting, the Bitcoin (BTC) price was $101,801.