CleanSpark

In a surprising yet calculated move, CleanSpark – one of the largest Bitcoin mining companies in the U.S. – has just announced it will abandon its 100% HODL strategy for all mined BTC. Instead, they will adopt a balanced strategy between selling BTC for operational funds and continuing long-term holdings.

This is not just an internal strategy change, but also shows how large mining companies are adapting to the current crypto market.

🔔 MARKET MOVING NEWS! (10/01/25)

1️⃣ Mantra And Damac Sign $1B Deal to Tokenise Middle Eastern Assets 💰

Real world asset (RWA) tokenisation blockchain Mantra has reportedly signed a $1 billion agreement with investment conglomerate Damac Group. The partnership seeks to enable token-based finance in the Middle East by bringing blockchain-powered transparency and security. The Damac group will use Mantra to tokenise its extensive asset portfolio, which spans sectors such as real estate development, data centers and hospitality. Access to Damac’s assets will be exclusively available on the Mantra chain early this year. John Mullin, co-founder and CEO of Mantra, has stated that the endorsement from Damac “is a massive vote of confidence for the future of RWA tokenisation.”

2️⃣ Rep. Bryan Steil to Lead US House Subcommittee On Digital Assets ▶️

According to a statement released by the House Financial Services Committee on Thursday, Wisconsin lawmaker Bryan Steil will be the next chair of the Subcommittee on Digital Assets, Financial Technology and Artificial Intelligence after Representative French Hill. Rep. Hill will reportedly be moving on to take over leadership of the full House Financial Services Committee after the departure of Patrick McHenry, who did not run for reelection in 2024. Steil is known for previously criticising the U.S. Securities and Exchange Commission’s approach to crypto. Crypto advocacy group Stand with Crypto also gave Steil an "A" grade for his stance on crypto, citing comments he has made over the past few years.

3️⃣ 996 Bitcoin Mining Devices Seized By Thai Police ❌

According to a report by the Bangkok Post, Thai Police and electricity officials have seized 996 bitcoin mining devices at a company that they say stole huge amounts of electricity to run them. The company, reportedly based in the Phanat Nikhom district of Chon Buri, is registered to conduct digital asset trading activities. Thai police Crime Suppression Division commander Pol Maj Gen Montree Theskhan stated that suspicions arose over its power consumption patterns. The raid revealed that the company stole electricity by using modified power meters to run the cryptocurrency mining rigs. Losses incurred by electricity providers were estimated at hundreds of millions of baht.

4️⃣ Coinbase Receives CFTC Subpoena for Customer Data Related to Polymarket ‼️
#coinbase
According to a Decrypt report, crypto exchange Coinbase has received a subpoena from the U.S. Commodity Futures Trading Commission in connection with the crypto-based prediction market platform Polymarket. The report states that Coinbase users have been receiving emails from the U.S. exchange, alerting them of an ongoing investigation. The subpoena reportedly sought “general customer information” in relation to Polymarket. The exchange stated that it “may be required to send information” to the CFTC, depending on legal procedures that could occur within the following week.

5️⃣ CleanSpark Becomes Fourth Bitcoin Miner To Hold 10,000 BTC 💸
#CleanSpark
US Bitcoin mining firm CleanSpark has reportedly become the fourth publicly listed miner to hold more than 10,000 BTC. The company is now reported to hold 10,097 BTC in its treasury. Notably, this marks a 236% year-over-year increase in CleanSpark’s BTC-denominated treasury. CEO Zach Bradford attributed this rise to the company scaling more efficiently and responsibly. He highlighted that all of CleanSpark’s 10,097 Bitcoin was mined in the US, supporting American energy and jobs while contributing to the growth of Bitcoin’s global ecosystem.

6️⃣ Standard Chartered To Offer Crypto Custody Services In EU With New Luxembourg License ‼️

Banking giant Standard Chartered has reportedly received a license in Luxembourg to offer crypto custody services through a new entity. The bank stated that the new entity in Luxembourg acts as its “EU regulatory entry point” for offering crypto and digital asset custody services. This comes after the Markets in Crypto Assets (MiCA) regulation came into full effect on Dec. 30. Standard Chartered has named Laurent Marochini as the new CEO of its Luxembourg operations.

#Crypto2025Trands

A major mining company will enter the S&P SmallCap 600 index in 2025
One of the largest global Bitcoin mining companies announced that it will be included in the S&P SmallCap 600 index on March 24, 2025. This index assesses the value of small-cap companies' stocks, considering their balance sheet value, profitability, liquidity, and financial stability.

CleanSpark (CLSK), one of the leading Bitcoin (BTC) mining companies in the U.S., has just announced that it will officially join the S&P SmallCap 600 index on March 24. This is an important step, not only enhancing CleanSpark's position but also opening up opportunities to attract capital from institutional investors.

CleanSpark – The Second Bitcoin Mining Company to Join the Index

The S&P SmallCap 600 is an index that tracks the performance of small companies listed in the U.S., with a market capitalization over $1 billion and meeting certain financial standards, including profitability.