CleanSpark has expanded its bitcoin treasury to 13,011 BTC, valued at approximately $1.6 billion as of September’s close.
The company reported a net addition of 184 BTC for the month, while selling nearly 445 BTC during the same period.
With this increase, CleanSpark remains among the top ten public holders of bitcoin, currently ranking ninth between Trump Media and Coinbase, according to Bitcoin Treasuries data.
Cleanspark’s operational update
September saw CleanSpark mine 629 BTC at a 50 H/s operational hashrate, marking a 4.3% decrease from August’s output.
Of its total holdings, 2,583 BTC have been posted as collateral or receivables.
The company also noted recent strategic moves, including expanding its bitcoin-backed credit line and strengthening its leadership team.
CleanSpark CEO Matt Schultz commented:
“September was monumental for CleanSpark as we strengthened our leadership team with key C-suite appointments and expanded our bitcoin-backed credit line by $200 million in capacity. Looking ahead, the coming months and fiscal year represent the beginning of an exciting new chapter in CleanSpark’s growth story as we unlock additional value from our energy portfolio and pipeline to drive long-term shareholder returns.”
Riot platforms trims holdings
Riot Platforms reported a reduction in its bitcoin reserves, selling 22 BTC and ending September with 19,287 BTC, worth around $2.3 billion.
The company experienced a 6.7% decline in production, mining 445 BTC at a 36.5 EH/s deployed hashrate. Despite the slight decrease, Riot remains the seventh-largest public bitcoin holder, as tracked.
Market performance and sector rankings
Shares of both Riot and CleanSpark have surged in the past month, with CleanSpark up 62% and Riot up 39%.
Leading the sector by market capitalization is IREN at $12.8 billion, followed by Riot at $7 billion, and Marathon Digital at $6.9 billion. CleanSpark holds a market cap of approximately $4.5 billion.
Bitcoin price trends
Bitcoin ended September up 5.4%, currently trading above $120,000 for the first time since mid-August’s all-time high.
These developments occur amid increasing institutional adoption, as evidenced by growing public company bitcoin treasuries.
