Why Bitcoin-Related Stock CleanSpark Is Exploding Higher – Cleanspark (NASDAQ:CLSK)

CleanSpark Inc CLSK shares are trading higher by 17.7% to $5.01 Tuesday morning. Shares of crypto-related stocks are trading higher after Bitcoin reached $35,000 for the first time since 2022.

Bitcoin’s strong performance is attributed in part to the optimistic outlook for a spot ETF. Major financial institutions like BlackRock and Fidelity have adjusted their ETF applications, and Grayscale has taken steps to list its Bitcoin Trust shares on NYSE Arca, indicating their desire to transform the trust into a spot Bitcoin ETF.

Why This Matters To CleanSpark Investors

CleanSpark is involved in cryptocurrency mining, which means they use their microgrid technology to optimize the energy usage…

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