CleanSpark Reports Strong Bitcoin Mining Results for April
US Bitcoin mining company CleanSpark has released its unaudited results for April 2025, confirming its resilience in both its operating performance and strategic positioning ahead of a major hashrate milestone.
In April 2025, CleanSpark produced 633 bitcoins, contributing to a total annual production of 2,589 BTC, reflecting the company’s operational efficiency and stability. The average daily production was 21.1 BTC, with the maximum daily yield reaching 22.98 BTC. By the end of the month, CleanSpark’s bitcoin holdings totaled 12,101, of which 1,894.4 BTC were allocated as collateral, highlighting the strategic use of digital assets to support the company’s broader financial operations.
In April, the company sold 401.39 bitcoins at an average price of approximately $90,084 per BTC. “Through our digital asset management team, we executed the sales at an average price of over $90,000 per bitcoin, demonstrating disciplined market execution and institutional capabilities,” said CleanSpark CFO Gary Vecchiarelli. “As we will discuss in our upcoming earnings call, we believe our institutional treasury capabilities will further enhance 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 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. The company's deployed mining fleet amounted to 204,770 units operating at an average fleet efficiency of 16.98 J/Th. The company has 915 megawatts of contracted capacity at 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
“Just 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 decrease in hashrate due to ongoing construction,” but emphasized that these were “expected and controllable 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 post on April's strong Bitcoin mining results first appeared in Bitcoin Magazine and was written by Oscar Perez.
Source: cryptonews.net
