CleanSpark Reaches a Major Milestone with Over 10,000 Bitcoin in Holdings

CleanSpark Achieves Milestone of Over 10,000 Bitcoin Held

CleanSpark Inc. (Nasdaq: CLSK), known as America's Bitcoin Miner®, has reached a significant milestone by holding over 10,000 Bitcoin in its treasury. This achievement is notable not only for the sheer volume but also because every Bitcoin was mined directly from its operations based in the United States.

Zach Bradford, the CEO of CleanSpark, shared his thoughts on this accomplishment, stating, "Surpassing the 10,000-bitcoin mark reflects CleanSpark's commitment to operational excellence, strategic growth, and disciplined capital management." He added that this feat illustrates the company’s focus on growing efficiently and responsibly. Every Bitcoin in their inventory has been mined using American energy, emphasizing their dedication to sustainable practices and the creation of local jobs in the mining sector.

In addition to this milestone, CleanSpark noted a staggering 236% increase in its Bitcoin-denominated treasury compared to the previous year. This impressive growth showcases the company's ability to thrive in a rapidly changing market environment.

"This achievement is not just about hitting a number; it's a testament to our financial strategy's success and a reflection of the evolution of our industry. From the time we mined our first Bitcoin back in December 2021, our operations have dramatically changed, allowing us to capture more value," commented Gary Vecchiarelli, the CFO of CleanSpark.

CleanSpark's strategy moving forward involves careful utilization of its Bitcoin assets. Their approach focuses on sound risk management and disciplined financial strategies. This way, they aim to minimize exposure to unfavorable counterparties while leveraging their Bitcoin holdings to reduce the costs associated with raising capital. As such, they intend to position themselves as leaders in responsible financial innovation within the cryptocurrency space.

The significance of CleanSpark's achievement lies not only in the quantity of Bitcoin held but also in the company’s role within the larger landscape of Bitcoin mining. They have established themselves as a key player by setting high standards for operational integrity and financial discipline. Looking ahead, CleanSpark remains committed to enhancing long-term value for its stakeholders and contributing positively to the global Bitcoin ecosystem and the digital asset market as a whole.

About CleanSpark

CleanSpark is a well-established Bitcoin miner, operating within a framework of cutting-edge technology and competitive energy pricing. Their focus is not just on operational prowess but also on capital stewardship. At the core of their business model is the initiative to monetize low-cost and reliable energy while acquiring Bitcoin, which is deemed a finite global asset.

For more information about CleanSpark and their operations, please visit their official website at www.cleanspark.com.

This journey demonstrates their commitment to innovation and sustainability, aligning with the growing demand for cryptocurrencies in today's financial landscape.