CleanSpark Reports Strong Bitcoin Mining Results for April

US mining company CleanSpark has released its unaudited April 2025 operating results, demonstrating resilience in both its operational performance and strategic positioning ahead of a major hashrate milestone.

In April 2025, CleanSpark managed to mine 633 bitcoins, contributing to a total annual volume of 2,589 BTC, highlighting the company’s operational efficiency and stable performance. On average, the company produced 21.1 bitcoins per day, with a maximum daily yield of 22.98 BTC. At the end of the month, CleanSpark’s total bitcoin holdings were 12,101, of which 1,894.4 BTC were designated as collateral, demonstrating the strategic use of digital assets to support broader financial transactions.

In April, the company sold 401.39 bitcoins at an average price of approximately $90,084 per BTC. “Thanks to our digital asset management team, we were able to execute the sale at an average price of over $90,000 per bitcoin, demonstrating disciplined market execution and institutional-grade capabilities,” said CleanSpark CFO Gary Vecchiarelli. “As we will discuss in our upcoming earnings call, we believe our institutional treasury capabilities will further strengthen CleanSpark’s leadership in operational excellence and capital management.”

Vecchiarelli also discussed the company’s evolving capital strategy, noting, “In April, we advanced our capital strategy by securing a $200 million revolving credit facility with Coinbase, reflecting our disciplined approach to balance sheet optimization. We also monetized a portion of our bitcoin production to fully self-fund operations and proactively manage liquidity.”

CleanSpark ended the month with a working hashrate of 42.4 EH/s and an average hashrate of 40.1 EH/s. Its deployed mining fleet consists of 204,770 units operating at an average fleet efficiency of 16.98 J/Th. The company has 915 megawatts of contracted capacity across its wholly owned sites.

Introducing $CLSK's April #Bitcoin Production Update:

· Bitcoins produced in April: 633
· Total Bitcoin Supply as of April 30: 12,101¹
· Operational hashing power at the end of the month: 42.4 EH/s
· Contract MW: 915 MW²
· Average fleet efficiency: 16.98 J/TH
· Total Bitcoin sold in April:… pic.twitter.com/Yc0bdwKicO

– CleanSpark Inc. (@CleanSpark_Inc) May 6, 2025

“A little over a year after the last halving, our operating results across a variety of market conditions have validated the strength of our scale, strategic focus, and disciplined execution,” said Zach Bradford, CEO and president of CleanSpark. He noted “a moderate increase in network difficulty and a temporary reduction in hashrate due to ongoing construction,” but emphasized that these were “expected and manageable factors.”

CleanSpark management reiterated its strong market position, emphasizing its commitment to low-cost operations, strategic expansions and disciplined capital management. Bradford added: “Our ongoing construction in Tennessee and Wyoming is nearing completion and will be a significant step forward in expanding our operational capacity and long-term value creation.”

This CleanSpark report on April's high Bitcoin mining results first appeared in Bitcoin Magazine and was written by Oscar Perez.

Source: cryptonews.net