CleanSpark on Track to Become Second Bitcoin Mining Company in S&P SmallCap 600

CleanSpark Joins S&P SmallCap 600, Strengthening Institutional Presence

Bitcoin miner CleanSpark (CLSK) will officially be added to the S&P SmallCap 600 index before markets open on March 24, marking another milestone for the company as it expands its market presence.

This move makes CleanSpark the second Bitcoin mining company to enter the index, following Marathon Digital’s inclusion last year. The S&P SmallCap 600 tracks smaller publicly traded U.S. firms that meet stringent financial criteria, including profitability and a market capitalization of at least $1 billion.

Despite a 13.3% decline in CleanSpark’s stock price year-to-date, the company holds a $2.24 billion market cap, according to Google Finance data. Inclusion in the index could increase trading volume and attract more institutional investors who track or invest in funds linked to the S&P SmallCap 600.

CEO Highlights CleanSpark’s Competitive Advantage

“Our addition to the index validates the strength of our business model and commitment to efficient, sustainable Bitcoin mining,” said CEO Zach Bradford. “This will help broaden investor awareness and reinforce CleanSpark’s role as a leading player in the industry.”

Over the past year, CleanSpark has aggressively expanded its mining operations, including the acquisition of GRIID Infrastructure, to bolster its position in the Bitcoin mining sector. The company continues to focus on energy-efficient operations and cost-effective power solutions.

CoinDesk reached out to CleanSpark for additional comments but had not received a response by press time.

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