50 EH/s hashrate target by June 2025
Company: CleanSpark
What the later record shows
Delivered; the record does not say when
An October 2026 article refers to CleanSpark's operational hashrate as 50 EH/s but does not say when it was reached. The June 2025 10-Q gives only a 45.3 EH/s average hashrate for June 2025, which is a different metric from operational hashrate, so on-time delivery cannot be confirmed.
“CleanSpark average hashrate (in terms of EH/s) (3) 45.3 20.4 CleanSpark percentage of total global hashrate”
2025-08-06 · CleanSpark 10-Q filed 2025-08-07 View cached copy (2026-08-31)Live source ↗
“How might the divergence between high operational hashrate (50 EH/s) and lower average operating hashrate (36.0 EH/s) impact CleanSpark's competitive positioning”
2026-10-12 · CleanSpark Q3FY26 Results: Net loss narrows to $240M; secures $6.6B lease - scanx.trade View cached copy (2026-10-12)Live source ↗Archive.org ↗
Checked October 15, 2026 against filings, releases and reporting published after the claim was made. Quotes are verbatim from the linked documents.
The claim, verbatim
CleanSpark says it remains on track to reach its 50 EH/s hashrate target during June 2025.
Source (primary)
cleanspark 8-K exhibit (clsk-ex99_1.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-10-15)Live source ↗
Quote: “we remain on track to reach our 50 EH/s target during June”
How we checked this
Checked on October 16, 2026. The cited source supports every part of this claim.
CEO Zach Bradford's statement in the May 8, 2025 release says the company remains on track to reach its 50 EH/s target during June, which matches the claim.
Confirmed in the source:
- CleanSpark said it remains on track to reach its 50 EH/s target during June, in a release dated May 8, 2025, which places the target in June 2025
- The forward-looking statements section separately refers to reaching 50 EH/s in the first half of 2025
What we did: Read our cached copy of SEC EDGAR (8-K Ex) (https://www.sec.gov/Archives/edgar/data/827876/000095017025066936/clsk-ex99_1.htm) in full (17,609 characters, retrieved October 15, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms cleanspark 8-K exhibit (clsk-ex99_1.htm)
Quote: “we remain on track to reach our 50 EH/s target during June”
confirms CleanSpark 10-Q filed 2025-08-07
Quote: “CleanSpark average hashrate (in terms of EH/s) (3) 45.3 20.4 CleanSpark percentage of total global hashrate”
confirms CleanSpark Q3FY26 Results: Net loss narrows to $240M; secures $6.6B lease - scanx.trade
Quote: “How might the divergence between high operational hashrate (50 EH/s) and lower average operating hashrate (36.0 EH/s) impact CleanSpark's competitive positioning”