CleanSpark Appoints $20B Advisory Veteran, Achieves 46.2 EH/s and 671 BTC
CLSK•CleanSpark appointed Ruben Sahakyan as SVP of Finance, tapping his experience overseeing $20B in advisory deals to bolster its AI data center financing. In May, the company ran 224,473 miners at a 46.2 EH/s average hashrate, produced 671 BTC with 1.8 GW contracted power, and grew its treasury to 13,470 coins.
1. Management Appointment
CleanSpark appointed Ruben Sahakyan as Senior Vice President of Finance, tasking him with overseeing capital markets, financial planning and analysis, and M&A. He joins from Keefe, Bruyette & Woods, bringing over 15 years’ experience and involvement in more than $20 billion in digital assets and infrastructure advisory deals.
2. May Mining Performance
In May 2026, CleanSpark’s deployed fleet of 224,473 miners delivered an average operating hashrate of 46.2 EH/s, peaking at 50.0 EH/s, and produced 671 BTC, contributing to a year-to-date total of 3,110 coins. The fleet achieved a peak efficiency of 16.07 J/Th.
3. Power Portfolio and Treasury
CleanSpark holds contracts for 1.8 GW of power and utilized up to 808 MW to support mining operations. The company’s bitcoin treasury rose from 13,453 to 13,470 coins after selling 654 BTC at an average price of $79,934.
