tl;dr
CleanSpark, a top Bitcoin mining firm, has announced it now holds over 10,000 BTC in its corporate treasury, sourced entirely from its US-based mining operations. This represents a 236% increase from the previous year and places CleanSpark as the fourth-largest corporate Bitcoin holder globally, ove...
CleanSpark, a leading Bitcoin mining firm, has surpassed 10,000 BTC in its corporate treasury, with all BTC sourced from its US-based mining operations. This represents a 236% increase from the previous year and places CleanSpark as the fourth-largest corporate Bitcoin holder globally, overtaking Hut 8 Mining. The company attributes this achievement to strategic planning, operational efficiency, and disciplined capital management.
CleanSpark's CEO, Zach Bradford, emphasized the firm’s commitment to responsible scaling and sustainable growth. Chief Financial Officer Gary Vecchiarelli highlighted the company’s focus on sound risk management and disciplined capital strategy, aiming to lower the cost of capital and avoid unfavorable counterparty exposure.
The rise in CleanSpark’s Bitcoin holdings is emblematic of a broader trend of growing corporate interest in Bitcoin. Corporate Bitcoin treasury holdings more than doubled over the past year, climbing from 262,632 BTC in the fourth quarter of 2023 to 590,649 BTC by the end of 2024. MicroStrategy remains a dominant player in this space, with industry experts anticipating massive growth in corporate treasury adoption in 2025.