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Public Companies

CleanSpark

🇺🇸 United StatesCLSKNASDAQ

BTC Holdings

CleanSpark held BTC since September 2022.

BTC Holdings
13,011
$1.11B

Key Metrics

Market Cap
$2.66B
mNAV
2.41×
Volume (30d)
$3.95B

About CleanSpark

CleanSpark, Inc. is a notable name in the realm of publicly traded Bitcoin mining companies in the United States. Based in Henderson, Nevada, the company has been expanding its mining operations across multiple states, including Georgia, Mississippi, and Wyoming. CleanSpark’s core business revolves around sustainable, large-scale Bitcoin mining, utilizing proprietary technology and strategic expansion to enhance operational efficiency and maximize output. The company has carved a niche for itself by focusing on environmentally conscious practices while scaling its mining operations.

Historically, CleanSpark adhered to a “HODL” strategy, prioritizing the accumulation of Bitcoin as a key asset. However, the company shifted its approach in 2025, opting for a more balanced strategy. This new direction involves selling a portion of its mined Bitcoin to finance operations and further expansion while continuing to maintain significant holdings. This strategic pivot is aimed at reducing shareholder dilution and seizing market opportunities, reinforcing the company’s faith in Bitcoin as a durable, long-term store of value.

CleanSpark's significance in the Bitcoin mining sector is further underscored by its focus on operational efficiency, expansion, and prudent treasury management. The company has established itself as a benchmark for institutional involvement in the industry. By continually investing in infrastructure and technology, CleanSpark aims to set high standards for performance and transparency, which are critical aspects of its business strategy. This approach not only supports its growth but also positions CleanSpark as an influential entity in the Bitcoin mining landscape.

As of November 2025, it held 13,011 BTC valued at $1.11B.

CleanSpark — BTC Holdings Over Time

05K10KSep 2022Jan 2023Jun 2023Oct 2023Feb 2024Jun 2024Nov 2024Mar 2025Jul 2025Oct 2025

Historical Performance

Market Cap History

$2.0B$2.6B$3.1B$3.7B$4.3BNov 22, 2024Jan 8, 2025Feb 24, 2025Apr 7, 2025May 20, 2025Jul 3, 2025

NAV History

$800.2M$978.2M$1.2B$1.3B$1.5BNov 22, 2024Jan 5, 2025Feb 18, 2025Apr 3, 2025May 17, 2025Jun 30, 2025