CleanSpark's September 2024 Bitcoin Mining Report - Over 8,000 Bitcoin in Treasury!!!

Another year, another proven track record. 🏎️🛣️🏁

CleanSpark finished FY2024 with over 8,000 bitcoin in treasury, reaching 27.6 EH/s in hashrate and 552 MW of operational capacity at wholly-owned sites. These are increases of 258%, 187% and 132% from FY2023 respectively.

Despite the halving, we exceeded FY2023 production. Here are more September highlights:

*Monthly BTC production: 493
*CY2024 bitcoin mined: 5,079
*FY2024 (October 1, 2023 to September 30, 2024) bitcoin mined: 7,098
*Total bitcoin holdings as of September 30: 8,049
*Total bitcoin sold in September: 2.5
*Deployed fleet: 188,520
*Fleet efficiency: 21.94 J/Th
*Month-end operating hashrate: 27.6 EH/s

“I would like to thank the communities where we operate for their continued support following Hurricane Helene. Power has been restored to all sites with the exception of approximately 45 MW, which we expect to be restored in the coming days. As we reflect on the fiscal year ending September 30, 2024, we believe CleanSpark performed exceptionally well. During the past year, we grew our hashrate from 9.6 EH/s to 27.6 EH/s, or 187%, with 5 EH/s coming online just during the month of September. The Company executed its plan to strategically diversify its portfolio across three new states and completed multiple expansions at existing data centers,” said Zach Bradford, CEO. “During this same period of rapid growth, our share price increased approximately 145% compared to September 30, 2023. These results came from successfully navigating the halving, closing multiple acquisitions, delivering significant organic growth, and even riding out a hurricane to close out the year. We have successfully worked our way through each opportunity and obstacle and look forward to fiscal year 2025 with a goal of delivering even greater results. Our strategic approach pre- and post-halving has allowed us to not only showcase our operational excellence but also strengthen our treasury, which now exceeds 8,000 self-mined bitcoin.”

“Our expansion efforts have not slowed down, and we are actively racking miners at newly acquired sites and at our existing facilities as part of our fleet upgrade plan. Through these efforts, we expect to reach 30 EH/s during October 2024. Looking ahead to fiscal year 2025, we are positioned to rapidly achieve our forecasted growth to 50 EH/s and beyond. We look forward to providing further updates on 2025 in the coming weeks.”

*Full press release: bit.ly/4gTPiH9

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