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CleanSpark, a pioneer in Bitcoin mining, has reached a new high by amassing over 10,000 BTC in its corporate treasury, a monumental achievement announced on January 9. The firm’s current holdings stand at 10,097 BTC, all mined within the United States, marking a remarkable 236% increase from last year. This growth positions CleanSpark as the fourth-largest corporate Bitcoin holder worldwide, edging past Hut 8 Mining and trailing giants like Marathon Digital and Riot Platforms.
Company CEO Zach Bradford attributed this success to meticulous strategic planning and operational prowess. He highlighted the firm’s commitment to scaling its operations responsibly, with a focus on disciplined capital management. Bradford proudly noted that each Bitcoin was sourced using American energy, supporting domestic jobs and showcasing the company’s dedication to sustainable and innovative growth within the global Bitcoin ecosystem.
Echoing Bradford, CFO Gary Vecchiarelli emphasized the importance of prudent financial strategies and risk management. He stressed the company’s strategy to leverage Bitcoin holdings to reduce capital costs and avoid adverse counterparty risks, underscoring CleanSpark’s forward-thinking approach in the burgeoning crypto economy.
