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Benzinga
Benzinga
Business
Aniket Verma

CleanSpark CEO Zach Bradford Explains Why The Company Is Betting on Bitcoin Mining, Not Buying

Cleanspark Bitcoin Mining CleanSpark Inc CLSK Nasdaq

CleanSpark Inc. (NASDAQ:CLSK) said Monday that much of its shareholder value is derived from investments in mining facilities, rather than adding Bitcoin (CRYPTO: BTC) to its balance sheet.

What Happened: During the company's fourth-quarter earnings call, CEO Zach Bradford noted that, while the firm is not against direct Bitcoin purchases, it believes that the highest returns for shareholders come from acquiring or building Bitcoin production facilities.

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