What's Going On With Bitcoin Mining Stock CleanSpark Tuesday?
Portfolio Pulse from Adam Eckert
CleanSpark Inc (NASDAQ:CLSK) released an unaudited Bitcoin mining update, reporting 445 bitcoins mined in June and a total of 3,614 bitcoins mined year-to-date. The company exceeded its mid-year hash rate target of 20 EH/s due to the acquisition of five new mining sites in Georgia. CleanSpark also closed its acquisition of GRIID Infrastructure, adding 60 MW of data center infrastructure.
July 02, 2024 | 3:15 pm
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CleanSpark reported strong Bitcoin mining results for June, surpassing its mid-year hash rate target and closing a significant acquisition. Despite these positive updates, the stock was down 1.23% at the time of publication.
CleanSpark's strong operational performance and strategic acquisitions are positive indicators for future growth. The stock's slight decline may be a short-term reaction, but the long-term outlook appears favorable.
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