Key Takeaways:
- Index Inclusion: CleanSpark will join the S&P SmallCap 600 Index on March 24, 2025, marking a milestone for the Bitcoin mining firm.
- Financial Strength: The company reported $241.7M in Q4 2024 profits, a major increase from $25.9M the previous year, with revenue up 120% YoY.
- Bitcoin Holdings: CleanSpark expanded its Bitcoin reserves by 6% to 11,177 BTC, ranking among the top five publicly traded firms with the largest Bitcoin holdings.
Bitcoin mining firm CleanSpark is set to be added to the S&P SmallCap 600 Index on March 24, 2025, marking a major milestone for the company.
The index tracks the performance of U.S. small-cap stocks that meet strict liquidity and financial stability requirements.
Today CleanSpark announced we will join the S&P SmallCap 600 index, effective prior to the open of trading on Monday, March 24, 2025. The @SPGlobal SmallCap 600 Index seeks to measure the small-cap segment of the U.S. equity market.$CLSK CEO @ZachKBradford says, "Our inclusion… pic.twitter.com/uIryHKekOp
— CleanSpark Inc. (@CleanSpark_Inc) March 10, 2025
To qualify, companies must have a market capitalization between $1.1 billion and $7.4 billion, a public float of at least 10%, and positive earnings for four consecutive quarters.
CleanSpark CEO Zach Bradford emphasized that this inclusion enhances visibility among investors and highlights the company’s vertically integrated Bitcoin mining model.
The company has seen significant financial growth, reporting $241.7 million in profits ($0.85 per share) in Q4 2024—a sharp increase from just $25.9 million a year earlier.
Revenue also surged 120% year-over-year, reaching $162.3 million.
Beyond financial success, CleanSpark continues to expand its Bitcoin reserves, increasing its holdings by 6% in February 2025 to a total of 11,177 BTC, making it one of the top five publicly traded companies with the largest Bitcoin holdings.
The inclusion in the S&P SmallCap 600 underscores CleanSpark’s growing influence in both the Bitcoin mining industry and traditional financial markets.
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