CleanSpark to Enter S&P SmallCap 600, Expanding Bitcoin Mining’s Market Recognition
CleanSpark (CLSK) is set to join the S&P SmallCap 600 index before the market opens on March 24, marking a significant step for the Bitcoin mining company as it strengthens its position among publicly traded firms.
With this inclusion, CleanSpark becomes the second Bitcoin miner in the index, following Marathon Digital’s entry last year. The S&P SmallCap 600 tracks U.S. companies that meet strict financial standards, including profitability and a minimum market capitalization of $1 billion.
Despite a 13.3% decline in its stock price this year, CleanSpark maintains a market cap of $2.24 billion, according to Google Finance. Joining the index is expected to increase liquidity and institutional investor interest, as funds tracking the S&P SmallCap 600 will now allocate to CleanSpark.
CleanSpark CEO: Inclusion Highlights Long-Term Growth
“We are honored to be recognized in the S&P SmallCap 600, which reflects our commitment to sustainable, efficient Bitcoin mining,” said CEO Zach Bradford. “This milestone reinforces our growth strategy and strengthens our visibility among investors looking for exposure to the digital asset sector.”
Over the past year, CleanSpark has ramped up its expansion efforts, including the acquisition of GRIID Infrastructure, as it continues to focus on energy-efficient mining operations and securing cost-effective power sources.
CoinDesk reached out to CleanSpark for additional comments but had not received a response by press time.
