CleanSpark, a Bitcoin mining company in Nevada, achieved a milestone by exceeding 10,000 BTC in treasury reserves, showing a 236% increase from the previous year. This reflects the company’s focus on efficient scaling using American energy resources. CEO Zach Bradford emphasized its importance in showcasing CleanSpark’s strategic financial management and operational progress since December 2021.
Despite reaching this milestone, CleanSpark’s BTC holdings are less than other MAJOR mining firms such as Mara Holdings and Riot Platforms. The Bitcoin mining trend points toward holding BTC rather than selling it to meet operational costs. CleanSpark demonstrated this by selling just 12.65 BTC after mining 7,024 BTC in 2024, emphasizing retention.