CleanSpark Inc. announced a significant milestone, achieving over 10,000 Bitcoin in its treasury, all self-mined exclusively from its U.S.-based mining operations. The company reported holding 10,097 Bitcoin, reflecting a 236% year-over-year increase in its Bitcoin-denominated treasury.
CEO Zach Bradford emphasized that this accomplishment is a direct result of CleanSpark's unwavering focus on scaling efficiently and responsibly, with every Bitcoin mined in the United States, supported by American energy and jobs. This underscores the company's dedication to sustainable growth and innovation.
CFO Gary Vecchiarelli highlighted that this achievement reflects the success of their financial strategy and industry-leading operations. CleanSpark is committed to using its Bitcoin holdings in a manner that aligns with sound risk management principles, avoiding unfavorable counterparty exposure, and leveraging Bitcoin to lower its cost of capital.
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