US Bitcoin miner CleanSpark reached a major milestone in January when it surpassed 10,000 Bitcoins in its treasury, all mined from its domestic operations.
This milestone also marks a significant 236% year-over-year increase in CleanSpark’s Bitcoin fund.
CleanSpark Hits 10,000 Bitcoin Milestone From US Mining Operations
In one Notification On January 9, CleanSpark CEO Zach Bradford credited the 10,000 Bitcoin achievement as a result of the company’s effective expansion.
“This achievement is a direct result of our relentless focus on expanding efficiently and responsibly. Every Bitcoin in our fund is mined in the United States, backed by American energy and jobs, underscoring our commitment to sustainable growth and innovation in the Bitcoin ecosystem globally,” the CEO said.
CleanSpark currently holds 10,097 BTC in its treasury, all mined from operations in the United States. Data about Bitcoin fund shows that, in addition to CleanSpark, Bitcoin miners such as Marathon Digital, Riot Platforms and Hut 8 also own 10,000 Bitcoin in their funds.
CleanSpark reached this milestone after strong growth in production in December.
In December, CleanSpark said it produced 668 Bitcoins, a 7% increase from November, bringing its total production for 2024 to 7,024 Bitcoins. According to Farside InvestorsCleanSpark was also the 2nd largest Bitcoin producer in December, just behind Marathon Digital.
Throughout the month, CleanSpark’s mining activity averaged 21.56 Bitcoin per day, with a single-day peak of 22.46 Bitcoin. The miner also sold 12.65 Bitcoins in December at an average price of around $101,246 per Bitcoin.
CleanSpark ended the year with an impressive active hashrate of 39.1 EH/s, surpassing their Forecast. The miner also added that it is now well-positioned to reach its next target of 50 EH/s by mid-2025, a target that will further cement its leadership position in the industry.
In addition to its technological achievements, CleanSpark has expanded its operations across the United States, entering three new states in 2024 – Mississippi, Tennessee and Wyoming.
However, miners’ revenue fell in January due to the drop in Bitcoin prices. At press time, Bitcoin is trading at $93,981, down 0.6% over the past 24 hours.