CleanSpark becomes the fourth miner with bitcoin holdings above 10,000 BTC

The bitcoin held on CleanSpark’s balance sheet has surpassed 10,000 BTC. 

https://t.co/MDzbScQDzj

— CleanSpark Inc. (@CleanSpark_Inc) January 9, 2025

Rivals MARA Holdings, Riot Platforms and Hut 8 Mining had already crossed that threshold.

Over 2024, CleanSpark’s bitcoin stash grew 236% to 10,097 BTC.

According to a press release, the company mined all the coins it holds in the United States.

In 2024 CleanSpark mined 7,024 BTC, including 668 BTC in December. To cover operating and capital expenditures, it sold 12.65 BTC.

By end-December the company’s hashrate reached 39.1 EH/s.

Over 2024 CleanSpark’s market capitalisation fell by about 16%.

In September 2024 CleanSpark agreed to take control of seven mining sites in Knoxville, Tennessee (United States) with 85 MW of available capacity. 

Earlier, Bernstein analysts assigned the company’s shares an “outperform” rating, highlighting them alongside MARA, IREN and Core Scientific. According to the analysts, CleanSpark shows an optimal mix of energy efficiency and delivered hashrate and uptime.