Bitcoin miner CleanSpark to join S&P SmallCap 600 Index 📈
Bitcoin miner CleanSpark is set to join the S&P SmallCap 600 Index, highlighting its recent profitability amidst industry turbulence following the Bitcoin halving in April 2024.
The index, which measures performance of small US companies, will include CleanSpark from March 24.
CleanSpark's revenue hit $241.7 million in Q4 2024, a marked increase from the previous year. Their Bitcoin holdings rose by 6%, reaching 11,177 BTC.
CEO Zach Bradford emphasized that the inclusion exemplifies the value of a vertically integrated Bitcoin mining model, widening exposure to their operations.
As the industry shifts, companies are exploring new revenue streams by integrating AI data centers and engaging in mergers and acquisitions.
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