CleanSpark Hits Sixth Largest Public BTC Holder Status

CleanSpark has released its May 2025 update, showing stronger mining performance and continued growth. The company raised its hashrate to 45.6 EH/s, marking a 7.5% increase over the previous month. Its Bitcoin holdings reached 12,502—all mined directly without issuing new equity since November 2024.

Good to know

• CleanSpark now controls 987 MW of contracted power.
• Bitcoin sales for May totaled 293.5 coins at an average price of $102,254.
• The company produced 694 Bitcoin during the month.

CEO Zach Bradford highlighted their focus on infrastructure and operational control during the Bitcoin 2025 event in Las Vegas. He noted that CleanSpark is now the sixth-largest public Bitcoin holder, with every coin produced through its own mining operations. According to him,

“Treasury management was a key discussion point, and I was proud to highlight that we are now the sixth-largest public Bitcoin holder, all mined directly through our own operations.”

The company also expanded its power supply with 72 additional megawatts, supporting future growth and reinforcing its infrastructure-first strategy.

Looking ahead, CleanSpark expects to become the first public Bitcoin miner to reach 50 EH/s entirely through self-operated infrastructure. Bradford added,

“We are well-positioned to achieve over 60 EH/s. We believe this execution-focused strategy will continue to drive long-term value for shareholders.”

In May, CleanSpark maintained an average hashrate of 42.5 EH/s and produced an average of 22.39 Bitcoin per day. On its best day, output reached 23.5 Bitcoin.