Bitcoin (BTC) mining company CleanSpark (CLSK) concluded September with unprecedented production levels and significant growth in its BTC treasury, marking the end of a transformative fiscal year according to a Friday press release.
The Las Vegas-based miner generated 629 bitcoin during September, maintaining a daily average of nearly 21 BTC, while selling 445 BTC for approximately $49 million at an average price of $109,568 per bitcoin.
The company's operational hashrate averaged 45.6 EH/s with impressive fleet efficiency of 16.07 J/Th.
CleanSpark's bitcoin reserves increased to over 13,000 self-mined BTC, reinforcing the company's strategy of utilizing bitcoin as a primary treasury asset.
Throughout the past year, CleanSpark expanded its mining capacity through the acquisition of GRIID Infrastructure, implemented a derivatives program to manage volatility and fund operations, and strengthened its financial position with $650 million in convertible notes and $400 million in bitcoin-backed credit facilities.
CEO Matt Schultz described September as "monumental" in the official release, emphasizing new executive appointments and an additional $200 million in credit capacity.
With 1.03 gigawatts (GW) of contracted power and 808 megawatts (MW) currently operational, CleanSpark is establishing itself as one of the industry's largest self-operated miners as it approaches fiscal 2026.
CleanSpark stock rose 5.7% in early trading, reaching approximately $16.00 per share.