Nevada-based Bitcoin mining firm – CleanSpark – has reached a significant milestone by surpassing 10,000 BTC in its treasury. All the Bitcoins were mined exclusively from its US-based operations. The latest figure reflects a 236% year-over-year (YoY) increase in its Bitcoin holdings. CleanSpark Hits Milestone Zach Bradford, CEO and President of the firm attributed the milestone to the company’s strategic focus on efficient and responsible scaling, emphasizing the use of American energy and workforce to support its mining operations. In a statement , Gary Vecchiarelli, Chief Financial Officer of CleanSpark, said, This achievement is not just about a number, it is a direct reflection of the success of our financial strategy and how far our industry-leading operations have come, which have evolved since we mined our first bitcoin in December 2021. By avoiding unfavorable counterparty exposure and leveraging our bitcoin to lower our cost of capital, we are positioning CleanSpark as a leader in responsible financial innovation.” According to data compiled by BitcoinTreasuries, CleanSpark trails behind other mining firms such as MARA Holdings, which holds 44,893 BTC, and Riot Platforms, with 17,722 BTC. On the other hand, CleanSpark is followed by Florida-based miner Hut 8 Mining, which currently has 10,096 BTC. Miners Prioritize Holding Bitcoin To cover operational expenses, Bitcoin miners often sell portions of their mined Bitcoin. However, firms such as MARA Holdings prioritize retaining their BTC reserves. Its CEO, Fred Thiel, recently said that retail investors should consider buying Bitcoin and just let the crypto asset appreciate in value. It recently lent 7,377 BTC to third parties, which was worth around $730 million at the time of the deal, for small yields. CleanSpark, too, appears to have followed a similar strategy. In 2024, the firm mined 7,024 BTC but sold only 12.65 BTC in December, preserving most of its holdings. This sentiment is also depicted in a recent report which indicated that Bitcoin miners have significantly slowed their sales since April 2024. While a brief uptick in exchange flows occurred in November 2024 due to a post-election BTC price surge, miners have since reduced profit-taking. With current profitability, these miners have resorted to holding their Bitcoin over selling the stash. The post CleanSpark Surpasses 10,000 BTC Treasury Milestone with 236% YoY Growth appeared first on CryptoPotato .
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OpenAI and SUI Partnership Will Open the Door for a PropiChain 43,102% Run, Here’s Why
Sui has created market excitement after unveiling its desire to partner with OpenAI. This has increased the spotlight on Sui, just days after the token hit a new all-time high. However, many investors have more faith in Propichain, citing its power to offer streamlined profit opportunities in the housing market. Read on to see why experts prefer Propichain to Sui. Experts Celebrate Sui’s Willingness to Partner with OpenAI The founder of Mysten Labs, the development team behind Sui, has released exciting news that confirms a possible mega AI collaboration in the future. The network founder highlighted the importance of pursuing AI to AI collaborations between Sui and OpenAI. Such a partnership could provide significant momentum for Sui’s growth, making it an attractive prospect for investors. Sui currently trades at $4.71, falling by 12.29% from its all-time high of $5.35. With talks of a possible collaboration with top AI companies like OpenAI, Sui could remain a top performer, rising to $7 in early February. Propichain: Creating Technology-Backed Investing Solutions for the Housing Market Propichain is an AI altcoin ecosystem that focuses on clearing the regular blocks in the traditional housing sector. It also prioritizes lowering investment costs and streamlining investor access to quality opportunities. Propichain’s first investing solution is fractional asset ownership. This innovative ownership model allows investors to acquire stakes in housing assets instead of purchasing them whole. This increases participation opportunities for lower-budget investors, providing opportunities that would have been unavailable in the traditional housing sector. After breaking down investment barriers with its fractional asset ownership model, Propichain further enhances its offerings by providing AI-driven tools designed to boost investing efficiency. Propichain’s AI-driven tools empower investors with advanced market analysis, trend assessment, and asset valuation. This makes it easier to discover investment properties that align with your financial goals. It also allows you to easily find market opportunities that match your investing ambitions. You can also tailor property searches to focus on specific types of housing assets. For instance, you can search for investing opportunities with high ROI potential. Even better, you can enjoy higher investing efficiency provided by Propichain’s automated trading features. Investors can complete deals using buy or sell orders that are completed automatically. These trade commands are activated based on the conditions you set. For instance, you can purchase a housing asset using a buy command that is only activated when the asset’s price falls to your preferred level. This takes investor convenience to another height. Propichain seamlessly integrates AI-powered insights with its metaverse-based services, giving investors access to both advanced analysis and global housing markets—all within a single platform. Propichain exposes investors to more housing opportunities via virtual tours that empower users to check out housing assets worldwide. Propichain investors can leverage this feature to scout housing properties in distant markets, all from the comfort of their homes. For instance, using these virtual tours, a London-based realtor can explore penthouse suites in Abu Dhabi without changing their location. Propichain also ensures that trades are backed by smart contract technology that guarantees high efficiency. These smart contracts provide near-instant transactions, allowing users to complete housing deals without the delays associated with the traditional housing sector. Propichain’s smart contracts can also be used to create specialized agreements for rental and leasing transactions.This ensures a seamless P2P trading experience, maximizing transaction speed and reliability. Sui and Propichain: Which Token Offers Better Returns? As Propichain’s AI altcoin gains momentum, it is being compared to leading digital assets like Sui, a token known for its innovation in the digital asset space. Interestingly, Propichain has won over many investors with two key moves. Firstly, its BlockAudit security certification has shown investors that its ecosystem is safe for real estate transactions. Propichain has also gone live on CoinMarketCap, further fueling belief in its long-term growth potential. Some analysts now claim that $1,000 worth of PCHAIN tokens could grow to $60,000 by Q2 2024. Propichain’s Presale: What You Stand to Gain As Propichain’s innovative features like fractional ownership and AI-driven tools gain traction, investors are flocking to the ongoing presale to purchase PCHAIN at an early, advantageous price. Investors who joined Propichain at the start of its presale have now earned a 208.17% interest from PCHAIN’s entry to round two of its presale. PCHAIN now trades at $0.011. However, round three of its presale will bring 108.93% to $0.023. This growth will continue until PCHAIN reaches its official launch price of $0.032. Don’t miss your chance to join the Propichain presale and secure PCHAIN at an early, advantageous price—before its value rises again. For more information about the PropiChain Presale: Website: https://propichain.finance/ Join Community: https://linktr.ee/propichain Crypto Potato
Discover How Altcoin Holders Are Shaping the Crypto Landscape
Altcoin HODLer counts show significant variability this year. Expert predictions suggest promising potential for both Ethereum and Dogecoin. Continue Reading: Discover How Altcoin Holders Are Shaping the Crypto Landscape The post Discover How Altcoin Holders Are Shaping the Crypto Landscape appeared first on COINTURK NEWS . Crypto Potato