CleanSpark CEO says his company sold Bitcoin for $7,000 above spot price last quarter

May 18, 2026 3:16 PMPublished May 18, 2026 3:16 PM

While most Bitcoin miners are diluting shareholders or borrowing to buy at cycle highs, we’ve proven that "HODLing" is actually a sub-optimal strategy. By running a derivatives program, we sold Bitcoin for $7,000 above market rate last quarter, generating $24 million in pure premium. We don't just hold; we extract yield that passive treasuries can't touch, allowing us to buy back $450M in stock instead of issuing more. Is passive holding dead for public companies? What's your take?
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Matt Schultz says going countercyclical while peers levered up has put CleanSpark in a class of its own.

www.thestreet.comCleanSpark CEO says his company sold Bitcoin for $7,000 above spot price last quarterMatt Schultz says going countercyclical while peers levered up has put CleanSpark in a class of its own.

Bitcoin Mining •Digital Asset Treasuries

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