Key Takeaways
- CleanSpark's treasury holds over 10,000 self-mined Bitcoin.
- This marks a 236% year-over-year increase in Bitcoin holdings.
- All Bitcoin is mined in the U.S. using domestic energy and jobs.
CleanSpark Inc. (Nasdaq: CLSK), known as “America’s Bitcoin Miner®,” announced on January 9 that its treasury now holds over 10,000 Bitcoin, all self-mined exclusively from its U.S.-based facilities.
The company credited this achievement to its focus on operational efficiency, strategic growth, and disciplined capital management.
Zach Bradford, CEO and President, said:
Surpassing the 10,000-bitcoin mark reflects CleanSpark’s commitment to operational excellence and sustainable growth.
Every bitcoin in our treasury has been mined in the United States, supported by American energy and jobs.
The milestone represents a 236% increase in CleanSpark’s Bitcoin treasury compared to the previous year, demonstrating the company’s resilience and adaptability in a dynamic market.
Gary Vecchiarelli, CFO, highlighted the company’s approach:
By avoiding unfavorable counterparty exposure and leveraging our bitcoin to lower our cost of capital, we are positioning CleanSpark as a leader in responsible financial innovation.
Since mining its first Bitcoin in December 2021, CleanSpark has become a prominent figure in the Bitcoin mining industry.
The company emphasizes the role of its self-mined Bitcoin holdings in supporting a disciplined financial strategy.
