CleanSpark Achieves Milestone of 10,000 Bitcoins in Treasury
The post CleanSpark Achieves Milestone of 10,000 Bitcoins in Treasury appeared first on Coinpedia Fintech News
In a latest development, – CleanSpark Inc, America’s Bitcoin Miner announced a significant milestone, of achieving over 10,000 bitcoins in its treasury, all self-mined exclusively from its U.S.-based mining operations.
Notably, Zach Bradford, Chief Executive Officer and President of CleanSpark remarked that surpassing the 10,000-bitcoin mark reflects CleanSpark’s commitment to operational excellence, strategic growth, and disciplined capital management.
“This accomplishment is a direct result of our unwavering focus on scaling efficiently and responsibly. Every bitcoin in our treasury has been mined in the United States, supported by American energy and jobs—underscoring our dedication to sustainable growth and innovation in the global bitcoin ecosystem,” he added.
Furthermore, the milestone also spotlights a 236% year-over-year increase in CleanSpark’s bitcoin-denominated treasury, showcasing the company’s ability to drive substantial growth in a dynamic market environment.
Notably, CleanSpark is the 5th publicly traded company to reach the 10,000 BTC HODL milestone, joining the ranks of MARA, RIOT & HUT as public miners with the largest bitcoin treasuries.
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 stated that CleanSpark is committed to managing its bitcoin holdings responsibly, avoiding risky exposures, and using them to reduce capital costs, positioning the company as a leader in financial innovation.
CleanSpark’s achievement highlights its leadership in the bitcoin mining industry, setting standards for operational integrity and financial excellence. The company remains focused on creating long-term value for stakeholders and advancing the global bitcoin and digital asset ecosystem.
