{"id":3629,"date":"2024-12-03T07:33:51","date_gmt":"2024-12-03T07:33:51","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=3629"},"modified":"2024-12-03T07:33:51","modified_gmt":"2024-12-03T07:33:51","slug":"cleanspark-ceo-zach-bradford-explains-why-the-company-is-betting-on-bitcoin-mining-not-buying","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=3629","title":{"rendered":"CleanSpark CEO Zach Bradford Explains Why The Company Is Betting on Bitcoin Mining, Not Buying"},"content":{"rendered":"<div>\n<p><strong>CleanSpark Inc.<\/strong>\u00a0(NASDAQ:<a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/stock\/CLSK#NASDAQ\">CLSK<\/a>) said Monday that much of its shareholder value is derived from investments in mining facilities, rather than adding <strong>Bitcoin <\/strong>(CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/btc\/usd\">BTC<\/a>) to its balance sheet. <\/p>\n<p><strong>What Happened<\/strong>: During the company&#8217;s fourth-quarter earnings call, CEO <strong>Zach Bradford<\/strong> 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.<\/p>\n<p>Bradford said that the company was producing Bitcoins at healthy margins, lowering the average value of the cost basis of its stash.<\/p>\n<p>\u201cSo really, the way we look at it is you\u2019re faced with the decision, do you buy assets to produce Bitcoin on a reoccurring basis, at what right now is &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/24\/12\/42282930\/cleanspark-sheds-light-on-bitcoin-acquisition-strategy-says-investments-in-core-business-contribute-the-most-to-s\" alt=\"CleanSpark\" ceo zach bradford explains why the company is betting on bitcoin mining not buying>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>CleanSpark Inc.\u00a0(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&#8217;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 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-3629","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/3629","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3629"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/3629\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3629"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3629"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3629"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}