Bitcoin (BTC) miner CleanSpark (CLSK) ended September with record production and a growing BTC treasury as it wrapped up a transformative fiscal year, the company said in a press release Friday.
The Las Vegas-based mining firm produced 629 bitcoin during the month, averaging nearly 21 coins a day, and sold 445 BTC for about $49 million at an average price of $109,568.
Its operational hashrate averaged 45.6 EH/s with fleet efficiency reaching 16.07 J/Th.
The company’s holdings rose to more than 13,000 self-mined BTC, underscoring its strategy of using bitcoin as a core treasury asset.
Over the past year, CleanSpark expanded capacity with the purchase of GRIID Infrastructure, launched a derivatives program to manage volatility and fund operations and strengthened its balance sheet with $650 million in convertible notes and $400 million in bitcoin-backed credit facilities.
Chief executive Matt Schultz said September was “monumental,” in the release, highlighting new leadership appointments and an additional $200 million in credit capacity.
With 1.03 gigawatts (GW) of power under contract and 808 megawatts (MW) in use, CleanSpark is positioning itself as one of the industry’s largest self-operated miners heading into fiscal 2026.
CleanSpark shares were 5.7% higher in early trade, around $16.00.
Read more: CleanSpark Shares Rise After Getting $100M Bitcoin-Backed Credit From Coinbase Prime
Read MoreCoinDesk: Bitcoin, Ethereum, Crypto News and Price Data[#item_full_content]
The White House's new National Security Strategy emphasizes increased global fiscal expansion and military spending.Read…
Bitcoin is trading around $91,000 after a minor dip earlier today, and uncertainty continues to…
Bitcoin Magazine Bitcoin Price Craters to $88,000, But JPMorgan Maintains $170,000 Target Bitcoin price plunged…
Bitcoin Magazine Indiana Lawmakers Push Bill to Make State a Bitcoin Leader Indiana lawmakers are…
Softer than expected private inflation data did spark some hope that the Friday decline could…
Bitcoin Magazine Why The Bitcoin Bear Market Is Almost Finished Bitcoin has struggled to maintain…