Cleanspark targets 50 EH/s in the first six months of 2025. Bitcoin miners reached 37.5 EH/s in 2024, exceeding the expected hash rate in their expansion efforts.
Bitcoin mining company CleanSpark has surpassed its 2024 operational hashrate target of 37 exahashes per second, achieving a significant milestone in its expansion efforts in the United States.
On December 23, the Nasdaq-listed BTC miner announced that it had achieved 37.5 EH/s, exceeding its 2024 guidance of 37 EH/s. Bitcoin miner achieved this year's goal amid a quantum leap in fleet efficiency, reaching 17.7 joules per terahash (J/Th), and the company now sees it targeting 50EH/s in the first half of 2025. are.
Hashrate will jump 300% in 2024
The additional hashrate came from newly activated sites. CleanSpark's acquisition deal and fleet upgrades also helped the miner reach the above levels.
Crucial to the company's efforts is that new data centers in Tennessee and Wyoming went online last week.
“Our team has been working hard over the past year. We have achieved our ambitious goals and expanded our hash rate by nearly 300% since the beginning of 2024, with a fleet efficiency of 17.7 J/Th. Achieving 37.5 EH/s is an important milestone and continues to drive high efficiency hashing. We will continue to add rates through the end of the year and into 2025,” CleanSpark CEO and President Zach Bradford said in a statement.
CleanSpark recently completed a $650 million convertible debt offering and plans to use the capital to fund growth of up to 50 EH/s. With the financing completed, the company expects to reach this new milestone in the first half of 2025.
On December 3rd, the miner announced that its November production amounted to 622 BTC mined. The operational hashrate at the end of the month was 33.7 EH/s. The number of deployed miners remained at 195,059 and fleet efficiency reached 19.05 J/Th.
As of the end of November, BTC miners held a total of 9,297 BTC.
