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.
Index participant requirements
As of March 2025, companies included in the S&P SmallCap 600 must meet the following criteria:
✅ Market capitalization in the range of $1.1 billion to $7.4 billion
✅ At least 10% of shares in free float
✅ Positive net income for the last four quarters
Management's opinion on CleanSpark
CleanSpark CEO Zach Bradford noted that inclusion in the index will be an important milestone for the company, its employees, and investors.
"Our participation increases CleanSpark's visibility in the investment community. This is an opportunity to showcase the value of being a vertically integrated mining company and make our business model more accessible to a broader audience," he emphasized.
Financial performance of CleanSpark
📈 Revenue for the last quarter increased by 82% to $162.3 million
📈 Bitcoin production increased by 33%, reaching 1945 BTC in three months (compared to 1465 BTC in the previous quarter)
📈 The company's hash rate grew by 41.7%, reaching 39.1 exahashes per second (EH/s)
Conclusion: CleanSpark's inclusion in the S&P SmallCap may attract more institutional investors, increasing confidence in the mining industry.
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