CleanSpark, a prominent player in the cryptocurrency mining arena, achieved a significant milestone in June 2025, ramping up its operations to a robust 50 exahashes per second (EH/s). This achievement underscores the Las Vegas-based company’s relentless pursuit of expansion and efficiency, as it now holds the distinction of being the seventh-largest publicly traded Bitcoin holder, edging out even Tesla.
Record Production and Strategic Sales
In a flurry of activity last month, CleanSpark mined an impressive 685 Bitcoin, elevating its total production for the year to 3,968 BTC. This self-mined treasure trove has nudged the firm’s holdings to a substantial 12,608 Bitcoin. CEO Zach Bradford enthusiastically remarked, “June 2025 marked a milestone month for CleanSpark,” highlighting the company’s fulfillment of its ambitious mid-year target. This achievement mirrors the recent success of Bitcoin Miner IREN, which also hit its 50 EH/s midyear hashrate target, showcasing a broader trend of growth in the industry.
However, it’s not just about the numbers. CleanSpark’s strategic prowess was on full display as it sold 578.51 BTC at an average price of $105,860, totaling a remarkable $61.2 million. This keenly executed move outpaced the month’s volume-weighted average price, showcasing the company’s savvy in navigating the volatile Bitcoin markets.
Expanding Horizons and Boosting Efficiency
What’s driving these remarkable feats? CleanSpark’s expansion across four U.S. states plays a crucial role. The company has secured contracts for an additional 179 megawatts (MW) of power, raising its total contracted capacity to a staggering 987 MW. This power boost is earmarked to support over 10 EH/s of incremental hashrate, fueling its growth trajectory. Meanwhile, Metaplanet’s recent $108M Bitcoin purchase highlights the competitive landscape where strategic acquisitions and expansions are pivotal.
But the story doesn’t end there. CleanSpark also made strides in efficiency, with its fleet achieving an average performance of 16.15 joules per terahash (J/Th). This efficiency improvement isn’t just a number—it’s a testament to the company’s commitment to optimizing operations and leveraging cutting-edge technology.
Innovative Approaches and Industry Implications
CleanSpark is not just resting on its laurels. The launch of its Digital Asset Management program, which combines a spot sales strategy with a derivative overlay, hints at a broader focus on optimization and operating leverage. The initiative’s initial success in June suggests that CleanSpark is keenly aware of the evolving dynamics of the cryptocurrency landscape.
Industry analysts are taking note. According to crypto market strategist Jamie Lydon, “CleanSpark’s approach to integrating traditional financial strategies with crypto mining operations is breaking new ground. The company’s ability to adapt and innovate could set a precedent for others in the sector.”
Looking Ahead: Challenges and Opportunities
As CleanSpark continues its upward trajectory, questions linger about the sustainability of its current momentum. With the ever-present volatility in Bitcoin prices and the looming uncertainties in energy markets, the path ahead is anything but straightforward. Can CleanSpark maintain its competitive edge in an industry that never sleeps?
Furthermore, as the company scales its operations, environmental concerns and regulatory scrutiny could present hurdles. The balance between growth and sustainability will be a delicate one to maintain, especially as public awareness and expectations around cryptocurrency mining’s ecological footprint continue to rise.
In the grand scheme, CleanSpark’s June achievements are more than mere numbers—they signify a pivotal moment in the company’s journey. Whether this momentum can be sustained, however, remains to be seen. As the crypto world watches with bated breath, one thing is clear: CleanSpark is a company to watch in 2025.
Source
This article is based on: Bitcoin Miner CleanSpark Produced 685 BTC in June, Hit 16.15 J/TH in Efficiency
Further Reading
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Steve Gregory is a lawyer in the United States who specializes in licensing for cryptocurrency companies and products. Steve began his career as an attorney in 2015 but made the switch to working in cryptocurrency full time shortly after joining the original team at Gemini Trust Company, an early cryptocurrency exchange based in New York City. Steve then joined CEX.io and was able to launch their regulated US-based cryptocurrency. Steve then went on to become the CEO at currency.com when he ran for four years and was able to lead currency.com to being fully acquired in 2025.
