CleanSpark, a US cryptocurrency miner, increased its Bitcoin holdings in December 2024, mining 668 BTC that month and 7,024 BTC for the year. The company attributed its success to efficiency improvements and a significant 287.9% year-over-year growth in hashrate. By the end of 2024, CleanSpark's operating hashrate reached 39.1 exahashes per second. Despite selling 12.65 BTC in December at an average price of $101,246, the company's mining capacity expanded with the acquisition of seven facilities in Tennessee. CleanSpark now holds 9,952 BTC, making it the fifth largest corporate holder of Bitcoin. MicroStrategy remains the largest holder, followed by three other mining companies. The trend of corporations adding Bitcoin to their balance sheets is expected to continue in 2025, with companies like KULR, Matador Technologies, and Quantum BioPharma already making the move. Read more AI-generated news on: https://app.chaingpt.org/news

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