June Mining Results: 685 Bitcoin, Premium Over VWAP
CleanSpark, Inc. (Nasdaq: CLSK) today announced its June 2025 mining results: 685 bitcoin mined, valued at over $74 million. The company sold 578 BTC during the month, generating approximately $61 million in revenue at an average price of $105,860 per bitcoin—$446 above the month’s volume-weighted average price (VWAP). This outperformance reflects the early success of its actively managed spot sales program and derivative overlay strategy.
“Our initial strategies went live, and we are seeing positive proof of concept results,” stated CFO Gary A. Vecchiarelli. “June resulted in an average sale price of $105,860 per bitcoin net of customary fees, which is $446 above VWAP for the same period, not including the premiums received from derivative transactions. While these strategies are still evolving, I’m proud of the institutional-grade discipline our treasury team is demonstrating.”
50 EH/s Hashrate Milestone and Bitcoin Treasury
CEO and President Zach Bradford announced that CleanSpark achieved its mid-year target of 50 EH/s operational hashrate, becoming the first Bitcoin miner to do so entirely through fully self-operated infrastructure. This represents a 9.6% month-over-month increase, while fleet energy efficiency improved to 16.15 J/Th. The company now operates 241,227 mining units.
CleanSpark’s bitcoin treasury stands at 12,608 BTC, ranking seventh among all publicly traded companies worldwide. Every bitcoin in its treasury has been mined internally, not purchased on the open market. This aligns with the company’s strategy of producing bitcoin at low cost using geographically diverse data centers powered by low-cost energy.
Power Expansion and Future Growth
The company also secured an additional 179 megawatts of power capacity, supporting more than 10 EH/s of future hashrate as part of its continued infrastructure expansion across four states. Currently, CleanSpark utilizes 808 megawatts out of 987 megawatts under contract. Bradford commented, “With the talent, infrastructure and power contracts in place, CleanSpark is well-positioned to continue scaling.” He thanked COO Scott Garrison and CTO Taylor Monnig for their leadership.
Bradford added: “Corporations around the globe are embracing the value of a Bitcoin-enhanced balance sheet. In fact, corporate Bitcoin acquisitions have outpaced ETF net inflows for the third consecutive quarter. At CleanSpark, we’ve been strategically positioned for this moment from the beginning. Rather than acquiring bitcoin on the open market, we invested in geographically diverse data center infrastructure backed by low-cost energy, enabling us to produce bitcoin at costs well below market price.”