TechFlow news, September 30 — According to The Block, CleanSpark CEO Zach Bradford said in an interview with Bernstein analysts that he expects Bitcoin to reach a peak of nearly $200,000 within the next 18 months. Bradford believes Bitcoin's price will see significant growth from after the U.S. presidential election through January next year, generating substantial profits for mining companies with efficient cost structures.
He also noted that pure Bitcoin mining firms are currently undervalued compared to their peers diversifying into AI. Since June 2023, CleanSpark has retained 97% of the Bitcoin it mined and currently holds nearly 8,000 BTC, worth approximately $509 million. The company plans to sell these Bitcoin during the next bull market to support non-dilutive growth.
