Bitcoin miner CleanSpark to join S&P SmallCap 600 index as shares decline alongside BTC

Bitget App

Trade smarter

The Block2025/03/09 16:00

By:By RT Watson

Quick Take U.S.-based bitcoin miner CleanSpark said it will join the S&P SmallCap 600 index later this month. The company’s shares fell about 5% as bitcoin’s price also declined on Monday.

Bitcoin miner CleanSpark to join S&P SmallCap 600 index as shares decline alongside BTC image 0

U.S.-based bitcoin miner CleanSpark will join the SP SmallCap 600 index later this month, according to a statement released Monday.

Despite the news, however, the company's shares fell about 5%, mirroring bitcoin's price decline of about 4%.

CleanSpark's shares were changing hands at $8.40 as of 12:40 p.m. ET, according to Yahoo Finance. In February, the company said it generated $162.3 million in revenue during last year's fourth quarter, a 120% increase year-over-year.

"Our inclusion enhances visibility within the investment community and gives us an opportunity to demonstrate the value of being a pure play, vertically integrated Bitcoin mining company and making exposure to our model more broadly available," CleanSpark CEO Zach Bradford said in a statement.

Last year, Marathon Digital’s shares jumped by 18%, after SP Global announced the bitcoin miner would be added to the SmallCap 600 index.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.

APR up to 10%. Always on, always get airdrop.

Lock now!