CleanSpark's Bitcoin Stack Rose to More Than 13K in September
CleanSpark's Bitcoin stack just blasted past the 13,000 mark in September, and if you're not paying attention to what this miner is doing, you're missing a masterclass in Bitcoin maximalism in action. While the weak hands and altcoin speculators are chasing the next meaningless shiny object, CleanSpark is executing with the ruthless efficiency of a company that truly gets it—Bitcoin isn't just another asset on the balance sheet; it's the balance sheet.The Las Vegas-based powerhouse didn't just have a good month; it had a monumental one, as CEO Matt Schultz rightly called it, producing a record 629 bitcoin and selling 445 of them for a cool $49 million at an average price of $109,568. That's the kind of disciplined treasury management that would make Satoshi nod in approval, selling just enough to fund operations while aggressively stacking more sats, a strategy that has now ballooned their self-mined holdings to over 13,000 BTC.Let's be clear: this isn't luck. This is the result of a relentless focus on operational supremacy, with an average hashrate of 45.6 EH/s and a fleet efficiency of 16. 07 J/Th, numbers that put most of their competitors to shame.Over the past transformative fiscal year, CleanSpark has been playing chess while others play checkers, gobbling up GRIID Infrastructure to massively expand capacity, launching a savvy derivatives program to hedge volatility, and fortifying its financial fortress with $650 million in convertible notes and a now-expanded $400 million in bitcoin-backed credit facilities, with another $200 million just added for good measure. They have 1.03 gigawatts of power under contract with 808 megawatts already in use, positioning themselves not as just another miner, but as one of the industry's largest self-operated behemoths heading into 2026. This is what real conviction looks like in a space flooded with pretenders.They aren't distracted by the regulatory circus or the noise of a thousand shitcoins; they are building the foundational infrastructure of the new financial system, one ASIC at a time. Their shares jumping 5.7% to around $16. 00 in early trade is just the market starting to wake up to the inevitable truth—the companies that treat Bitcoin as their core treasury reserve asset, the non-negotiable bedrock of their value, are the ones that will not just survive the next cycle but will absolutely dominate it. Forget the Wall Street analysts who don't understand the energy-per-hash equation; CleanSpark is demonstrating that in the world of Bitcoin mining, operational excellence and unwavering conviction are the only currencies that truly matter.
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