What's Going On With Bitcoin Mining Stock CleanSpark Thursday?
Portfolio Pulse from Adam Eckert
CleanSpark Inc (NASDAQ:CLSK) announced a significant increase in its operational hashrate, reaching 30 EH/s, with plans to exceed 37 EH/s by year-end. The company attributes this growth to acquisitions, fleet upgrades, and organic expansion. Despite a temporary shutdown due to Hurricane Helene, CleanSpark reported no significant damage and continued its mining operations, achieving a total of 5,079 Bitcoin mined year-to-date.
October 10, 2024 | 3:50 pm
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CleanSpark's operational hashrate reached 30 EH/s, with plans to exceed 37 EH/s by year-end. The company attributes its growth to acquisitions and fleet upgrades. Despite a temporary shutdown due to Hurricane Helene, CleanSpark reported no significant damage and continued its mining operations.
CleanSpark's significant increase in hashrate and operational resilience despite a hurricane suggests strong operational capabilities and growth potential. This positive operational update is likely to boost investor confidence in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100