CleanSpark reported a record 633 Bitcoin mined in April 2025, now holding 12,101 BTC. With a hashrate growth to 42.4 EH/s and a fleet efficiency of 16.98 J/Th, they are on track to achieve 50 EH/s by mid-2025. The firm has secured a $200 million credit facility with Coinbase and continues to expand its operations in Tennessee and Wyoming.
In its recent mining update for April 2025, CleanSpark reported impressive figures, producing a total of 633 Bitcoin while bolstering its treasury, which now stands at 12,101 BTC. From this total, 1,894.4 BTC is locked up as collateral, keeping operations solidly funded. Throughout April, CleanSpark operated with an average hashrate of 40.1 EH/s, and even increased to an impressive 42.4 EH/s by month’s end.
The company’s mining operations saw it mine about 21.1 Bitcoin daily, achieving a high of 22.98 Bitcoin in a single day. With a fleet efficiency rated at 16.98 J/Th, CleanSpark’s operations seem more competitive than ever. To support its ongoing development, the company made a strategic decision to sell 401.39 BTC at an average price of about $90,084, demonstrating strong market timing even amidst high volatility.
CleanSpark’s expansion strategy remains on track, as they secure a substantial $200 million revolving credit facility with Coinbase to enhance liquidity options. This move reflects their growing credibility within institutional circles, allowing them to fund operations without diluting shareholder value. The company has also made notable headway with construction projects in Tennessee and Wyoming, which will further ramp up their operational capacity.
Looking ahead, CleanSpark aims to reach a hashrate of 50 EH/s by mid-2025; this target translates to around 18% growth based on current capabilities. The company’s robust infrastructure, which includes 204,770 miners and 915 MW of power under contract, sets the stage for continued success, even as network difficulty rises.
Notably, the company displays strong operational resilience, especially in the wake of the recent halving event that has resulted in reduced block rewards. Their ability to maintain significant Bitcoin holdings, while self-funding through strategic sales, suggests a balanced approach to capital management. With a total of 2,589 Bitcoin produced in 2025 thus far, CleanSpark seems well-positioned for further expansion.
CleanSpark’s CEO, Zach Bradford, noted, “Our operational performance validates the strength of our scale and focus. Challenges like increased network difficulty are expected and manageable, ensuring we remain committed to our growth trajectory.” This commitment is central to their strategy, which includes developing a dedicated Digital Asset Management group to optimise their treasury operations further.
Ultimately, CleanSpark appears to be tactfully navigating the current market landscape, maintaining a significant Bitcoin treasury while effectively executing a self-funding strategy to cover ongoing operational costs, and positioning itself as a leader in the Bitcoin mining sector.
