Cleanspark’s Bitcoin mining production increased by more than 9% in May, bringing its treasury to 12,502 BTC, double the amount held at the same time last year.
According to its monthly report, the company was mined 9.4% more Bitcoin (BTC) in May, making 694 coins compared to 633 in April. Cleanspark also achieved a 45.6 exahash rate, from 42.4 in April, and expanded the contracted power capacity to 987 MW.
“May is a strong implementation month for Cleanspark,” said Zach Bradford, CEO and President. “We have increased our month hashrate to 45.6 eh/s, up to 7.5% in a row, while improving the average organization of the Armada.”
The company’s Bitcoin Treasury reached 12,502 BTCs in May, up to 103% from last year. According to the company, the expansion of the BTC Reserve has been linked to mining operations and has not included any equity release since November 2024. The company has been the sixth largest Bitcoin’s largest public holder. “This is a strong validation of our first infrastructure approach,” Bradford said.
On June 3, the company day announced The May’s performance in its operation, the Cleanspark shares reached 6.5% intraday.
During the last month, the Cleanspark shares increased by 12.4%, According to In Google Finance, exceeded NASDAQ performance at the same time.
The May Hashrate of Cleanspark rose in 2025. In May, the company sold 293.5 BTC at an average price of $ 102,254 per coin, making up nearly $ 30 million in gross sales revenue.
Company income for the second quarter of 2024 Show $ 182 million in income, up to 62.5% from last year. Despite growing income, Cleanspark posted a loss of $ 139 million.
Related: CleansPark to start sale of bitcoin in ‘self-funding’ pivot
Cleanspark competitors cover labor
Cleanspark output is faced with competition from other miners. Crypto Miner Mara Mined 950 Bitcoin in May Compared to 705 in April, an increase of 34.8% for the month. Usually, the company is mined for an additional 7.2 Bitcoin per day.
Riot platform Saw A smaller but significant increase in production, mining 514 Bitcoin in May compared to 463 in April, which represents a 11% jump period.
Like Cleanspark, Mara and Riot platforms have seen a strengthening of their sharing prices in recent days. Mara’s sharing Ay up to 8% during the day, and riot platform Ay UP 6.5% in this writing.
Magazine: Signs of Danger for Bitcoin as retail leaving it in institutions – Sky Wee
