The company mined 685 BTC last month—up from 445 BTC in June 2024—valued at approximately $74.2 million.

The surge follows a 145% increase in CleanSpark’s operational hashrate, which jumped from 20.4 EH/s to 50 EH/s over the past year. CEO Zach Bradford credited the achievement to recent infrastructure expansions across four U.S. states and called it a “9.6% increase from the previous month.”

CleanSpark sold most of its June production, offloading 578 BTC. However, its long-term holdings remain solid at 12,608 BTC, making it the seventh-largest Bitcoin-holding public company. Among mining firms, only MARA Holdings (50,000 BTC) and Riot Platforms (19,225 BTC) hold more, per BitcoinTreasuries.net.

Bradford highlighted the shift in corporate treasury strategies, stating that Bitcoin acquisitions by companies have now outpaced ETF inflows for three straight quarters. Still, the market wasn’t entirely optimistic—CleanSpark’s stock dropped 8% on Monday amid broader Nasdaq losses tied to ongoing trade policy developments.

As mining difficulty climbs and profitability narrows, CleanSpark continues expanding. Since early 2024, the company has scaled operations in Georgia, Mississippi, Wyoming, and Tennessee, including a major $168 million order for Bitmain immersion rigs last August.

The post CleanSpark Expands Mining Power, Closes in on Top Bitcoin Holders appeared first on Coindoo.

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Filed under: Bitcoin - @ July 8, 2025 6:00 am