- CleanSpark mined 685 BTC in June, selling most of it above market average for over $61M in revenue.
- The company hit 50 EH/s in hashrate and added 179 MW of power to prep for more scaling.
- With 12,608 BTC mined internally, CleanSpark is focused on infrastructure—not open market buys—to stay ahead.
Bitcoin miner CleanSpark (Nasdaq: CLSK) just dropped its June numbers—and they’re pretty solid. The company pulled in 685 BTC last month, raking in over $61 million after selling 578 of them at an average price of $105,860. That’s a nice $446 above June’s VWAP, even before factoring in derivatives income.
Gary A. Vecchiarelli, CleanSpark’s CFO, said their active spot sales and derivative strategy is already showing results. “We’re just getting started, but the initial strategies are proving themselves,” he noted. “That $105,860 average sale price? That’s net, after fees—and yeah, that’s higher than the monthly VWAP.” He also emphasized the “institutional-grade discipline” their treasury team has shown out the gate.
50 EH/s Milestone Hit, CleanSpark Expands Hashrate and Power Supply
CleanSpark now runs over 241,000 mining rigs and holds 12,608 BTC—all mined in-house, no outside buys. That makes them the seventh-largest BTC-holding public company globally. Not bad.
CEO Zach Bradford said they’ve officially hit their 50 EH/s mid-year hashrate target. “We’re the first to do this entirely through our own infrastructure,” he shared. “That’s a 9.6% bump from May, and our energy efficiency is now sitting at 16.15 J/Th, which—trust me—is pretty good.”
CleanSpark also secured another 179 megawatts of power capacity. That’ll support an additional 10 EH/s down the line. Right now, they’re using 808 MW of the 987 MW they’ve got under contract—spread across four states, no less.
Bitcoin Mining Strategy: Build, Don’t Buy
Bradford’s stance on corporate BTC holdings? Pretty clear. “Corporations are finally getting it—Bitcoin is balance sheet gold. And for the third straight quarter, companies like ours have bought more BTC than ETFs have pulled in net.”
Instead of snapping up BTC on the open market, CleanSpark went the opposite route—investing in infrastructure, cheap power, and a long-term mining footprint.
“We Built This”: CleanSpark’s Team and Outlook
Bradford closed with a nod to his team: “Big thanks to our COO Scott Garrison and CTO Taylor Monnig. Their leadership’s been crucial to getting us here.” With the hardware, people, and power all in place, CleanSpark’s not slowing down anytime soon.
