Bitcoin miner CleanSpark to join the S&P SmallCap 600 index

The Bitcoin operating company listed at Nasdaq, Cleanspark, announced its next inclusion in the S&P Smallcap 600 index.

Cleanspark, one of the largest bitcoins (BTC)) Miners in the world, have revealed this via press release March 10. According to the press release, inclusion in the S&P Smallcap 600 index will come into force before the market opened on March 24, 2025.

Why is it important?

The S&P Smallcap 600 index measures small capitalization constituents of the US stock market. It follows companies according to criteria such as accounting value and benefits, these value actions considered as evaluated in terms of liquidity and financial viability.

Inclusion in the index adds to the recent Positive developments For Cleanspark, which concluded important offers in 2024. The minor also Crossing 10,000 BTC In its treasure and hit key targets in its hashrate transport.

Milestone for investors, shareholders

Zach Bradford, the Cleanspark Manager, noted that membership in the S&P Smallcap 600 index marks another important step for employees, investors and the management team of the Bitcoin extraction company. Inclusion is also notable because it recognizes the coherent performance of the Cleanspark market. He added:

“Our inclusion improves visibility within the investment community and gives us the opportunity to demonstrate the value of being a pure game, a bitcoin operating company integrated vertically and to make exposure to our model more widely available.”

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The results of the first quarter of Cleanspark said that the company’s turnover increased by 82% over the quarter to 162.3 million dollars. The Q1 also experienced a 33% increase in BTC production, with 1,945 BTC mined over the three months, against 1,465 BTC in the previous quarter. Meanwhile, the hatching deployed increased by 41.7% to 39.1 Exehashes per second.

These peaks came while Bitcoin Price recorded an upward movement of 37%.

While BTC has abandoned 16% in the last month, oscillating nearly $ 80,000, cryptographic analysts remain optimistic on the asset. Stock market analysts also assess the actions of the Pure-Play Bitcoin minor as a higher choice in the sector.