CleanSpark, a prominent player in the Bitcoin mining industry, has achieved a significant milestone by surpassing 10,000 BTC in its corporate treasury. In a statement released on Jan. 9, the company revealed that it now holds a total of 10,097 BTC, all of which were mined through its operations in the United States. This impressive figure represents a remarkable 236% increase in CleanSpark’s Bitcoin reserves compared to the previous year.
With this accomplishment, CleanSpark has solidified its position as the fourth-largest corporate Bitcoin holder globally, overtaking Hut 8 Mining, which holds 10,096 BTC. However, the company still trails behind Marathon Digital and Riot Platforms, which boast holdings of 44,893 BTC and 17,772 BTC, respectively.
The leadership team at CleanSpark attributes this milestone to strategic planning and operational efficiency. CEO Zach Bradford emphasized the company’s commitment to responsible scaling, citing disciplined capital management as a key factor in reaching this significant achievement. He stated, “Every bitcoin in our treasury has been mined in the United States, supported by American energy and jobs—underscoring our dedication to sustainable growth and innovation in the global bitcoin ecosystem.”
Chief Financial Officer Gary Vecchiarelli echoed these sentiments, highlighting the company’s focus on sound risk management and innovative financial strategies. He emphasized, “We are committed to using our bitcoin holdings in a manner that aligns with sound risk management principles and disciplined capital strategy by avoiding unfavorable counterparty exposure and leveraging our bitcoin to lower our cost of capital.”
The increase in CleanSpark’s Bitcoin holdings reflects a broader trend of growing corporate interest in Bitcoin. Data from Bitwise shows that corporate Bitcoin treasury holdings more than doubled over the past year, rising from 262,632 BTC in the fourth quarter of 2023 to 590,649 BTC by the end of 2024. MicroStrategy remains a dominant player in this space, with total holdings of 447,470 BTC (equivalent to $43 billion) after acquiring 258,320 BTC last year.
Industry experts believe that this trend will continue to gain momentum in 2025 as more companies embrace Bitcoin. Bradley Duke, Head of Europe for Bitwise, expressed his optimism, stating, “I believe we are just at the beginning of corporate treasury adoption and fully expect massive growth in this area in 2025.”
As companies like CleanSpark continue to bolster their Bitcoin holdings and embrace the cryptocurrency, the landscape of corporate treasury management is evolving, with digital assets playing an increasingly important role in financial strategies and risk management.