CleanSpark’s Bitcoin Treasury Surges to 13,011 BTC with Record Mining Power
CleanSpark’s Bitcoin treasury has reached an notable 13,011 BTC. This milestone was achieved as the company’s mining operations hit a record 50 exahashes per second (EH/s). The company’s September output was 629 BTC, averaging 21 BTC per day.
CleanSpark CEO Matt Schultz described the period as “monumental.” He highlighted not onyl the production metrics but also the company’s leadership overhaul.Schultz mentioned a $200 million expansion of the company’s bitcoin-backed credit facility.
Looking ahead, Schultz sees an exciting new chapter for CleanSpark.”We’re unlocking additional value from our energy portfolio to drive long-term shareholder returns,” he said. The company is evolving at the intersection of energy,Bitcoin,and compute.
CleanSpark’s fiscal year 2025 has been pivotal. it saw aggressive infrastructure expansion and a formalized corporate structure. The company’s hashrate jumped from 30 EH/s in October 2024 to 50 EH/s by June 2025. This scale was achieved through self-operated data centers, providing greater control over operations and margins.
The company also overhauled its executive suite. Matt Schultz became CEO and Chairman, while Gary Vecchiarelli took on the roles of CFO and President. Other key C-suite roles were filled, including Chief Business Officer and Chief Operating Officer.
CleanSpark advanced its digital asset management strategy in Q3 by launching a derivatives program. This program aims to optimize yields on its Bitcoin treasury, manage volatility, and monetize production without spot sales.
Additionally,CleanSpark executed a $650 million convertible note offering with a 0% interest rate. it also established $400 million in capacity across its bitcoin-backed credit facilities.
