CleanSpark has just leveled up in the Bitcoin mining world, becoming the fourth miner to hold over a whopping 10,000 BTC in its treasury! This Nevada-based company dug deep within the USA and struck crypto gold, achieving a jaw-dropping 236% year-over-year increase in its Bitcoin stash. Talk about a treasure trove!
Zach Bradford, the big boss at CleanSpark, shared the secret sauce to their success: smart scaling, a responsible approach, and a whole lot of American energy and talent powering their mining operations. And let's not forget their CFO, Gary Vecchiarelli, who chimed in, saying this milestone isn't just a number—it's a testament to their top-notch financial strategy. CleanSpark's been on a wild ride since they mined their first Bitcoin back in December 2021!
In the Bitcoin mining leaderboard, CleanSpark is catching up with the big players. They're right behind MARA Holdings, which is sitting pretty with 44,893 BTC, and Riot Platforms, boasting 17,722 BTC. But don't count them out; they're hot on the heels of Florida-based Hut 8 Mining, with their 10,096 BTC.
In the crypto world, miners often sell bits of their Bitcoin booty to cover costs, but some, like MARA Holdings, prefer to hold onto their digital treasure. Their CEO, Fred Thiel, even advises retail investors to buy Bitcoin and watch it grow. MARA recently lent out a chunk of their BTC for small yields, proving they're all about strategic moves.
CleanSpark seems to be dancing to a similar tune. In 2024, they mined 7,024 BTC but sold a mere 12.65 BTC in December, keeping their treasure chest full. It looks like Bitcoin miners are becoming more like hoarders than sellers these days, especially since profits are looking pretty sweet. Instead of cashing out, they're clinging to their precious crypto coins, waiting for the next big boom!
