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- Cleanspark targets 50 EH/s in first six months of 2025.
- The Bitcoin miner reached 37.5 EH/s in 2024, exceeding the projected hashrate amid growth efforts.
Bitcoin mining firm CleanSpark has surpassed its 2024 working hashrate goal of 37 exahashes per second, hitting the important thing milestone amid growth efforts within the US.
On Dec. 23, the Nasdaq-listed BTC miner introduced it achieved 37.5 EH/s, surpassing its 2024 steering of reaching 37 EH/s. The Bitcoin miner hit its steering for the yr amid a bounce in fleet effectivity, which reached 17.7 Joules per Terahash (J/Th), which now sees the agency goal 50 EH/s within the first half of 2025.
300% hashrate surge in 2024
Extra hashrate got here from the newly energized websites. CleanSpark’s acqusition offers and fleet upgrades additionally helped the miner hit the above ranges.
Essential to the corporate’s efforts are its new information facilities in Tennessee and Wyoming coming on-line this previous week.
“Our groups have been exhausting at work all through the whole thing of this previous yr. We have now delivered on our formidable targets and expanded our hashrate practically 300% for the reason that starting of 2024. Attaining 37.5 EH/s with a fleet effectivity of 17.7 J/Th is a big milestone, and we intend to proceed including extremely environment friendly hashrate via the tip of the yr and into 2025,” Zach Bradford, the chief govt officer and president of CleanSpark mentioned in an announcement.
CleanSpark not too long ago closed a $650 million convertible bond providing and plans to make use of the capital to fund its development to 50 EH/s. With the funding in place, the corporate expects to hit this new milestone in H1, 2025.
On Dec. 3, the miner introduced that its November manufacturing stood at 622 BTC mined. The working hashrate on the finish of the month was 33.7 EH/s. The variety of deployed miners hovered at 195,059 whereas fleet effectivity hit 19.05 J/Th.
In complete, the BTC miner held 9,297 BTC on the finish of November.