CleanSpark’s Bitcoin Treasury Surpasses $13,000 BTC

CleanSpark (Nasdaq: CLSK) has significantly bolstered its Bitcoin treasury to 13,011 BTC as of September. This achievement highlights the company’s strong performance in a challenging market. The miner achieved a 27% year-on-year increase in bitcoin production last month, reaching 629 BTC, and witnessed improved fleet efficiency by 26%. The success is attributed to expansion efforts like the acquisition of GRIID Infrastructure and an expanded Bitcoin-backed credit line worth $200 million. The company also implemented a derivatives program for managing treasury yields and mitigating volatility.