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CleanSpark (CLSK) Stock Drops Despite Market Gains: Important Facts to Note
Zacks Investment Research· 2024-04-26 22:51
In the latest trading session, CleanSpark (CLSK) closed at $19.23, marking a -1.59% move from the previous day. This change lagged the S&P 500's daily gain of 1.02%. Elsewhere, the Dow saw an upswing of 0.4%, while the tech-heavy Nasdaq appreciated by 2.03%.Shares of the company have depreciated by 7.87% over the course of the past month, underperforming the Finance sector's loss of 5.37% and the S&P 500's loss of 3.15%.Analysts and investors alike will be keeping a close eye on the performance of CleanSpar ...
Bitcoin Rally Poised to Resume: 5 Solid Stocks to Bet on
Zacks Investment Research· 2024-04-26 13:21
The cryptocurrency market, which hit record highs in the first quarter, has slowed down over the past couple of weeks. Bitcoin (BTC), which hit an all-time high of $73,750 on Mar 14, has since then pulled back sharply and is now trading below $65,000.In the past month, Bitcoin has fallen more than 8.2%. However, year to date, it has gained 45.4%, which is evidence of the underlying strength of the world’s most popular cryptocurrency.That said, the cryptocurrency market holds tremendous potential. The rally, ...
3 Bitcoin Mining Stocks to Watch After the April Halving
Zacks Investment Research· 2024-04-26 13:16
With the scheduled April Bitcoin (BTC) halving behind us, it is widely anticipated that the supply crunch resulting from the reduced gamut of Bitcoins will lead to a price appreciation for the digital asset in the coming months.It is of paramount importance to understand what Bitcoin halving translates into. Since Bitcoin “miners” validate and record the transactions, they receive both a block reward from the Bitcoin network and transaction fees from the retail consumer making the transaction. Bitcoin halvi ...
Why Crypto Stocks Had a big Post-Halving Rally Today
The Motley Fool· 2024-04-22 22:35
The world's No. 1 crypto was a hot topic of discussion over the weekend for a very specific reason.A major event in the cryptocurrency world occurred just before the weekend, and it drew many investors into digital coins, tokens, and related assets on Monday. By and large, the numerous crypto stocks on the exchange did very well, with more than a few notching double-digit price gains on the day.This event was (it nearly goes without saying for anyone even mildly interested in cryptocurrencies) the halving o ...
4 Stocks to Bet on as Crypto Space Looks Poised to Regain Pace
Zacks Investment Research· 2024-04-18 13:21
The cryptocurrency rally, which started last year and continued in the first quarter of 2024, has come to a sudden halt. Bitcoin (BTC), which hit an all-time high of $73,750 on Mar 14, was trading at $61,399 on Apr 17.In the past month, Bitcoin, the world’s most popular cryptocurrency, has lost more than 10%. However, the recent decline in cryptocurrency prices is temporary, and a lot of factors, including geopolitical tensions are acting as headwinds.The cryptocurrency rally intensified in early January af ...
A Major Upside Catalyst Is Just Around the Corner for CleanSpark (CLSK) Stock
InvestorPlace· 2024-04-17 14:38
CleanSpark (NASDAQ:CLSK) stock is a hot topic on Wednesday after Bernstein analysts heaped praises on Bitcoin (BTC-USD) mining companies today.This positive sentiment comes as the crypto prepares to undergo a halving later this week. That will cut the rewards from mining BTC tokens in half. While that might seem like bad news for Bitcoin miners, Bernstein says otherwise.Chief to note here is that Bernstein is expecting Bitcoin to undergo a massive rally after the halving. This has the firm predicting the to ...
Checking in with 5 Bitcoin Stocks Ahead of Bitcoin's Halving
MarketBeat· 2024-04-17 11:11
Key PointsBitcoin enthusiasts await the April 19 halving event, renowned for its impact on cryptocurrency markets.Leading up to the halving, the cryptocurrency market has experienced a significant pullback, with Bitcoin's price dropping 10% over five days and 3.5% in the last month.The YTD performance of five major Bitcoin-related stocks - iShares Bitcoin Trust, MicroStrategy, Riot Platforms, Marathon Digital and CleanSpark - has been mixed.Bitcoin enthusiasts eagerly anticipate the upcoming halving event, ...
CleanSpark Exceeds 17 EH/s, Exercises and Upgrades Previously Announced Option for 100,000 Bitcoin Mining Machines
Prnewswire· 2024-04-12 13:00
Company negotiates option upgrade to new S21 Pros, increasing the total purchased hashrate by 17%, to 23.4 EH/s The Company reached its new hashrate high as its recently acquired data center in Dalton, GA, goes online LAS VEGAS, April 12, 2024 /PRNewswire/ -- CleanSpark Inc. (Nasdaq: CLSK), America's Bitcoin Miner™, today announced it has exceeded 17 exahashes per second (EH/s) of operating hashrate and has exercised its option to purchase 100,000 Bitmain S21 Pros, or 23.4 EH/s of machines. The machine purc ...
Brokers Suggest Investing in CleanSpark (CLSK): Read This Before Placing a Bet
Zacks Investment Research· 2024-04-10 14:31
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about CleanSpark (CLSK) .CleanSpark currently has an average brokerage recommend ...
Here's Why CleanSpark (CLSK) Fell More Than Broader Market
Zacks Investment Research· 2024-04-08 22:56
The most recent trading session ended with CleanSpark (CLSK) standing at $15.36, reflecting a -1.54% shift from the previouse trading day's closing. The stock trailed the S&P 500, which registered a daily loss of 0.04%. At the same time, the Dow lost 0.03%, and the tech-heavy Nasdaq gained 0.03%.Heading into today, shares of the company had lost 22.93% over the past month, lagging the Finance sector's gain of 2.49% and the S&P 500's gain of 2.57% in that time.Analysts and investors alike will be keeping a c ...