CleanSpark to Secure Spot as Second Bitcoin Miner in S&P SmallCap 600 Index

CleanSpark to Enter S&P SmallCap 600, Boosting Institutional Visibility

Bitcoin mining firm CleanSpark (CLSK) will officially join the S&P SmallCap 600 index before markets open on March 24, marking a significant milestone for the company as it strengthens its foothold in the industry.

CleanSpark will be the second Bitcoin miner to be included in the index, following Marathon Digital’s addition last year. The S&P SmallCap 600 tracks U.S. companies that meet specific criteria, including consistent profitability and a market capitalization exceeding $1 billion.

Currently, CleanSpark has a market cap of $2.24 billion, despite experiencing a 13.3% decline in stock price this year, per Google Finance data. Its inclusion in the index is expected to attract greater institutional attention, as many funds and ETFs benchmarked to the S&P SmallCap 600 will now gain exposure to CleanSpark.

CEO Highlights Competitive Edge

“Inclusion in the S&P SmallCap 600 provides greater visibility and underscores the strength of our vertically integrated mining operations,” CEO Zach Bradford stated. “We remain focused on leveraging energy-efficient solutions to drive long-term growth.”

CleanSpark has been rapidly expanding its mining capacity, most recently acquiring GRIID Infrastructure to bolster its footprint in the U.S. With an emphasis on sustainable and cost-effective Bitcoin mining, the company aims to capitalize on growing institutional interest in the sector.

CoinDesk reached out to CleanSpark for further comment but had not received a response as of press time.