Catenaa, Friday, July 18, 2025- CleanSpark Inc. reported strong mining performance in June, extracting 685 Bitcoin valued at $74.2 million while boosting its operational hashrate to 50 EH/s, a 145% increase compared to a year earlier.
The surge underscores the company’s aggressive expansion despite mounting industry pressures following April’s Bitcoin halving.
The Nevada-based firm said its mining capacity grew 9.6% month-over-month, driven by new infrastructure deployed across four states.
CleanSpark CEO Zach Bradford credited operations and technology teams for helping the company hit its ambitious June targets.
Despite selling 578 BTC during the month, CleanSpark’s Bitcoin reserves rose slightly to 12,608 BTC, ranking it seventh among publicly listed firms.
Only MARA Holdings and Riot Platforms hold more BTC among miners, with 50,000 and 19,225 bitcoins, respectively, according to BitcoinTreasuries.net.
“Corporations around the globe are embracing the value of a Bitcoin-enhanced balance sheet,” Bradford said, highlighting that company acquisitions of BTC have outpaced inflows into exchange-traded funds for the third straight quarter.
CleanSpark’s expanded hashrate, measured in exa hashes per second, reflects increased mining efficiency but arrives amid growing challenges for the sector. Bitcoin mining difficulty reached a record high of 126.9 trillion on May 31, driving up energy and hardware costs.
The company has scaled its U.S. operations rapidly since early 2024, with facilities now active in Georgia, Mississippi, Wyoming and Tennessee. Last August, it purchased 26,000 Bitmain immersion rigs in a $168 million deal to support its expansion.
CleanSpark’s shares fell 8% Monday as part of a broader tech sell-off linked to trade tensions involving the US government.
