[Introduction: CleanSpark’s Milestone Month in Bitcoin Mining] CleanSpark, Inc. (Nasdaq: CLSK), a leading name in sustainable Bitcoin mining, has released its December 2024 Bitcoin mining update, showcasing a record-breaking month of growth and operational efficiency. The company mined an impressive 668 Bitcoin in December alone, contributing to a total of 7,024 Bitcoin mined throughout 2024. With a year-end operational hashrate of 39.1 EH/s and significant advancements in fleet efficiency, CleanSpark continues to solidify its position as a leader in the cryptocurrency mining industry.

[December Highlights: Performance Metrics and Achievements] December 2024 was a transformative month for CleanSpark, marked by several key milestones:

• Bitcoin Mined: 668 Bitcoin produced in December, averaging 21.56 Bitcoin mined daily, with a single-day high of 22.46 Bitcoin.

• Hashrate Growth: The company achieved a year-end operational hashrate of 39.1 EH/s, reflecting a 287.9% increase year-over-year.

• Fleet Efficiency: Fleet efficiency improved to 17.59 J/Th, a 33.3% enhancement compared to the previous year.

• Bitcoin Sales: CleanSpark sold 12.65 Bitcoin in December at an average price of $101,246 per Bitcoin, generating significant revenue.

These achievements underscore CleanSpark’s commitment to operational excellence and its ability to adapt to the evolving demands of the cryptocurrency market.

[Strategic Expansion: New Facilities and Increased Capacity] CleanSpark’s growth strategy in 2024 included the expansion of its mining operations into three new states—Mississippi, Tennessee, and Wyoming. Key developments include:

• Clinton, Mississippi: Two new mining facilities are now fully operational, housing S21 Pro miners with a combined hashrate of approximately 1 EH/s.

• Jackson, Tennessee: The first phase of a 60 MW mining site has been completed, featuring 12 MW of the latest-generation S21 XP Immersion miners. The second phase, currently underway, will add 48 MW of air-cooled S21 Pro miners.

• Wyoming Expansion: Additional site expansions have further enhanced CleanSpark’s capacity to meet growing market demands.

These strategic moves have positioned CleanSpark to achieve its ambitious goal of reaching 50 EH/s by mid-2025.

[Sustainability and Innovation: A Commitment to Green Mining] CleanSpark’s December update highlights its dedication to sustainable and energy-efficient mining practices. The company’s focus on renewable energy sources and advanced technologies has set new standards for the industry. Key initiatives include:

• Energy Efficiency: The use of cutting-edge mining equipment and optimized cooling systems has reduced energy consumption, aligning with global sustainability goals.

• Carbon-Neutral Operations: CleanSpark continues to prioritize renewable energy partnerships, ensuring that its mining operations have minimal environmental impact.

• Technological Innovation: The integration of AI-driven optimization systems has enhanced resource management and operational performance.

These efforts reflect CleanSpark’s vision of leading the cryptocurrency mining industry into a more sustainable and innovative future.

[Financial Highlights: A Strong Year-End Performance] CleanSpark’s financial performance in December underscores its operational success and strategic growth. Key financial metrics include:

• Revenue Generation: Bitcoin sales in December contributed to robust revenue, with an average sale price exceeding $100,000 per Bitcoin.

• Convertible Notes Offering: The successful closing of a $650 million zero-coupon convertible bond offering in December has provided CleanSpark with the capital needed to fund its growth strategy.

• Bitcoin Holdings: As of December 31, CleanSpark held 9,952 Bitcoin, reflecting its strong treasury management practices.

These financial achievements position CleanSpark for continued success in 2025 and beyond.

[Looking Ahead: Goals for 2025 and Beyond] As CleanSpark prepares for 2025, the company has outlined ambitious goals to further its leadership in the cryptocurrency mining industry. Key objectives include:

• Achieving 50 EH/s: CleanSpark aims to reach a hashrate of 50 EH/s by mid-2025, solidifying its position as a top-tier Bitcoin miner.

• Expanding Renewable Energy Partnerships: The company plans to deepen its commitment to sustainability by increasing its reliance on renewable energy sources.

• Enhancing Technological Capabilities: Continued investment in advanced mining technologies will drive efficiency and scalability.

These initiatives reflect CleanSpark’s commitment to innovation, sustainability, and long-term growth.

[Conclusion: A Record-Breaking Year for CleanSpark] CleanSpark’s December Bitcoin mining update highlights a record-breaking month and a transformative year for the company. With its strong operational performance, strategic expansions, and commitment to sustainability, CleanSpark has set a new benchmark for excellence in the cryptocurrency mining industry. As the company looks ahead to 2025, it remains focused on driving innovation, achieving ambitious growth targets, and shaping the future of sustainable Bitcoin mining.