CleanSpark Executive Affirms Continued Bitcoin Purchases, Emphasizing a Strategic Approach: 'We're Not Driven by Ideology'
CleanSpark's Bitcoin Strategy: CleanSpark Inc. emphasizes a flexible and strategic approach to managing its Bitcoin holdings, with plans to monetize and potentially borrow against its 13,011 BTC, valued at $1.14 billion.
Open to Selling BTC: CFO Gary Vecchiarelli stated that the company is open to selling part of its Bitcoin holdings if market conditions are favorable, contrasting with other firms like Strategy Inc. that refuse to sell.
Diversification and Growth: Originally a Bitcoin miner, CleanSpark has expanded into AI data centers to diversify its revenue streams, reporting significant revenue growth in fiscal 2025, with earnings improving from a loss to $1.25 per share.
Market Performance: As of the latest data, Bitcoin is trading at approximately $87,266.97, while CleanSpark shares experienced a slight decline in after-hours trading, despite a positive performance during regular trading hours.
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