CleanSpark shares are trading higher after the company announced approval for the increase in authorized shares for a repurchase program from 300 million to 600 million.
Portfolio Pulse from Benzinga Newsdesk
CleanSpark shares rose after the company announced an increase in authorized shares for its repurchase program from 300 million to 600 million.
October 28, 2024 | 12:47 pm
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CleanSpark's stock price increased following the announcement of an expanded share repurchase program, doubling the authorized shares from 300 million to 600 million.
The increase in authorized shares for the repurchase program suggests a strong commitment to returning value to shareholders, which is typically viewed positively by the market. This action likely contributed to the rise in CleanSpark's stock price.
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