By Nermeen Nabil Khear 
CleanSpark, a U.S.-listed Bitcoin mining company, announced on Thursday that it surpassed 10,000 BTC in its treasury.
The milestone reflects the company’s recent mining efforts and operational expansion.
CleanSpark Surpassed 10,000 BTC In Treasury: Is This A Bullish Indicator?
CleanSpark revealed that its Bitcoin holdings had reached 10,097 BTC, supported by 668 BTC mined in December 2024.
By the end of 2024, CleanSpark had accumulated 9,952 BTC, with the new milestone achieved shortly after.
Zach Bradford, CEO and president of CleanSpark, commented: “Surpassing the 10,000-bitcoin mark reflects CleanSpark’s commitment to operational excellence, strategic growth, and disciplined capital management.”
Bradford also highlighted the firm’s 236% year-over-year growth in Bitcoin holdings, noting that all BTC in its treasury was mined in the United States using domestic energy and labor.
By the end of 2024, the company’s operating hashrate climbed to 39.1 exahashes per second, representing a 287.9% year-over-year increase.
Hashrate efficiency also improved substantially, rising by 33.3% during the same period.
CleanSpark’s acquisitions, including GRIID Infrastructure and seven new facilities in Knoxville, Tennessee, have further diversified its operations.
CleanSpark and Competitors Boost BTC Holdings in 2024
A January 7 report from Digital Mining Solutions and BitcoinMiningStock.io highlighted a trend among Bitcoin miners to retain more mined BTC in 2024.
Companies such as MARA Holdings, Riot Platforms, and Hut 8 adopted similar strategies to strengthen balance sheets and hedge against currency devaluation.
CleanSpark, now the fifth-largest corporate Bitcoin holder, retained most of its mined Bitcoin throughout 2024, accumulating 9,952 BTC by year-end, valued at approximately $1.01 billion.
The company surpassed Tesla in BTC holdings, with only MicroStrategy and three other mining firms holding more Bitcoin.
In December, CleanSpark sold 12.65 BTC, representing 58% of its average daily monthly production, at an average price of $101,246 per BTC, generating approximately $1.28 million.
Additionally, CleanSpark announced that its new facilities are expected to boost its hashrate by another 22%.
While CleanSpark’s stock (CLSK) rallied on January 6, it remains at less than half of its 52-week high, reflecting broader market conditions.
Bitcoin recently hit an all-time high of $108,000 before settling at approximately $94,287 as of writing.
The post Bitcoin Miner CleanSpark Achieves 10,000 BTC Treasury, Marks 236% YoY Growth appeared first on Cryptonews.
This articles is written by : Nermeen Nabil Khear Abdelmalak
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