In a recent development – American Bitcoin miner CleanSpark Inc announced a major milestone of reaching over 10,000 Bitcoins in its treasury. These are all self-mined exclusively from US-based mining operations.
In particular, Zach Bradford, CEO and President of CleanSpark, said that surpassing 10,000 Bitcoin reflects CleanSpark’s commitment to operational excellence, strategic growth, and rigorous capital management.
“These achievements are a direct result of our unwavering commitment to scale efficiently and responsibly. Every Bitcoin in our Treasury was mined in the United States, supported by American energy and jobs. “This highlights our commitment to sustainable growth and innovation in the global Bitcoin ecosystem,” he added.
Additionally, this milestone highlights CleanSpark’s 236% year-over-year increase in Bitcoin-denominated assets, demonstrating the company’s ability to drive substantial growth in a dynamic market environment.
Notably, CleanSpark is the 5th listed company to reach the 10,000 BTC HODL milestone, joining the ranks of public miners MARA, RIOT & HUT with the largest Bitcoin holdings.
Gary Vecchiarelli, CFO of CleanSpark, emphasized that reaching 10,000 bitcoins reflects the success of the company’s financial strategy and the growth of its operations since mining its first bitcoin in December 2021. He said CleanSpark is committed to managing its Bitcoin holdings responsibly and avoiding risks. By reducing exposure and leveraging it to reduce the cost of capital, we position the company as a leader in financial innovation.
CleanSpark’s achievements highlight its leadership in the Bitcoin mining industry, setting the standard for operational integrity and financial excellence. The company remains focused on creating long-term value for its stakeholders and advancing the global Bitcoin and digital asset ecosystem.