CleanSpark, a U.S.-listed Bitcoin miner, has achieved a significant milestone by surpassing 10,000 BTC in its treasury, entirely through self-mining operations. The company announced on January 9, 2025, that its Bitcoin treasury reached 10,097 BTC, marking a key achievement in its ongoing growth strategy. The announcement came just a day after CleanSpark revealed it had mined 668 BTC in December 2024, further contributing to the impressive figure.
As of the end of 2024, the company’s Bitcoin holdings stood at 9,952 BTC, showing a 236% year-over-year increase in its treasury. Zach Bradford, CEO and president of CleanSpark, highlighted the achievement, stating, “Surpassing the 10,000-bitcoin mark reflects CleanSpark’s commitment to operational excellence, strategic growth, and disciplined capital management.”
This milestone underlines the company’s focus on operational efficiency, sustainable growth, and commitment to the U.S. energy sector. Bradford also emphasized that every Bitcoin held by CleanSpark has been mined in the United States, using American energy sources and contributing to job creation, reinforcing the company’s dedication to responsible and sustainable practices in the global Bitcoin ecosystem.
Diversification and Expansion Driving Growth
CleanSpark’s significant growth comes from a combination of strong operational performance and strategic acquisitions. The company’s recent acquisition of GRIID Infrastructure, along with the addition of seven new facilities in Knoxville, Tennessee, are part of its broader expansion efforts. These moves align with CleanSpark’s vision of diversifying its mining portfolio and positioning itself for long-term success in the cryptocurrency sector.
The recent bullish trend in Bitcoin prices, with the cryptocurrency surpassing all-time highs above $108,000, has also played a significant role in the increased profitability for miners. As of January 9, 2025, BTC was trading around $94,287, giving CleanSpark and other miners a favorable market environment to continue scaling operations.
CleanSpark’s ability to reach the 10,000 BTC milestone in its treasury highlights the company’s strong position in the rapidly growing Bitcoin mining industry, which continues to show resilience and growth potential in 2025 and beyond.