CleanSpark recorded an over 9% increase in Bitcoin Mining output during May, elevating its total holdings to 12,502 BTC—twice the volume it possessed in the corresponding period a year ago.
As outlined in its monthly disclosure, a 9.4% increase in Bitcoin (BTC) production was reported by the company for May, with 694 coins generated versus 633 in April. Additionally, CleanSpark boosted its hash rate to 45.6 exahashes per second from April’s 42.4, while its contracted power capacity grew to 987 megawatts.
“May marked a solid month of operational performance for CleanSpark,” stated Zach Bradford, who serves as the company’s CEO and president. “We boosted our end-of-month hashrate to 45.6 EH/s, reflecting a 7.5% sequential rise, while also enhancing overall fleet efficiency.”
In May, the firm’s Bitcoin holdings climbed to 12,502 BTC, reflecting a 103% increase over the previous year. This growth, attributed solely to CleanSpark’s mining activities, has reportedly occurred without any new equity issuance since November 2024. As the sixth-largest publicly traded holder of Bitcoin, the company views this milestone as a strong endorsement of its infrastructure-led approach. “It’s a powerful validation of our infrastructure-first strategy,” remarked CEO Zach Bradford.
On June 3, the company revealed its operational results for May, during which CleanSpark’s stock experienced an intraday increase of 6.5%.
CleanSpark’s shares have climbed by 12.4% over the past month, according to Google Finance, outperforming the Nasdaq index during the same timeframe.
CleanSpark experienced a continued increase in its hashrate during May 2025. The company sold approximately 293.5 BTC throughout the month, averaging $102,254 per coin, which brought in an estimated $30 million in gross sales revenue.
CleanSpark reported $182 million in revenue for the second quarter of 2024, reflecting a 62.5% increase year-over-year. However, the company still recorded a net loss amounting to $139 million, despite the revenue growth.
Rival Bitcoin Miners Step Up Production Amid Market Surge
CleanSpark’s production is being rivaled by other mining firms. In May, cryptocurrency miner MARA increased its output by 34.8%, producing 950 Bitcoins compared to 705 in April. On a daily basis, the company averaged an additional 7.2 Bitcoins mined.
Riot Platforms experienced a notable uptick in its mining activity, recording 514 Bitcoin mined in May—an 11% rise from the 463 coins extracted in April.
Similar to CleanSpark, share prices for MARA and Riot Platforms have recently climbed. As of this report, MARA’s stock has risen by 8% today, while Riot Platforms has gained 6.5%.
