Shares of miner CleanSpark with a capitalization of $2,2 billion will be included in S&P SmallCap 600

Last year, mining company Marathon Digital was included in this stock index

11.03.2025 - 14:45

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What’s new? The fourth-largest US bitcoin mining company CleanSpark (CLSK), with a capitalization of $2,24 billion, will be included in the S&P SmallCap 600 stock index by the end of March. Despite this news, CLSK lost 10% of its value in a day and is trading at $7,98 as bitcoin itself has also been falling in recent days.

Material by The Block

What else is known? To be included in the S&P SmallCap 600 by credit rating agency S&P Global Ratings, a company must have a capitalization in the range of $1 billion to $7,4 billion and positive financial results for the most recent quarter and cumulatively for the last four quarters.

As for CleanSpark, the company reported revenues of $162,3 million in Q4 2024, a 120% year-over-year increase.

“Our inclusion enhances visibility within the investment community and gives us an opportunity to demonstrate the value of being a pure play, vertically integrated Bitcoin mining company and making exposure to our model more broadly available,” CleanSpark CEO Zach Bradford said.

Last May, leading US miner Marathon Digital (MARA) was included in the S&P SmallCap 600 with a capitalization of $4,63 billion, causing its share price to rise 18%.

Michael Saylor expects Marathon to follow MicroStrategy into the Nasdaq 100

The largest US miner Marathon has been increasing its bitcoin holdings in recent months

Bitcoin is down 2,5% in 24 hours and 16% over the past month to $80 788 at the time of writing. This has also affected the value of miner stocks.

MARA is down 16%, while Riot (RIOT) and TeraWulf (WULF) securities are down 10% and 15% respectively. Among the largest US miners, only Core Scientific (CORZ) saw a daily increase of 3%.

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