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 ...

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 ...

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, ...

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 ...

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 ...

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 ...

The cryptocurrency market had a solid 2023 and the rally is continuing this year. On Mar 14, the largest cryptocurrency, Bitcoin (BTC), recorded an all-time high of 73,750.07. However, it has fallen more than 6.6% thereafter. Even then, Bitcoin has gained more than 67% in the first quarter after jumping 157% in 2023.Moreover, the next Bitcoin halving is expected to occur in the third week of April 2024. When this occurs, the reward for mining new blocks is halved, making it more challenging for miners to ea ...

The Company mined 806 bitcoin in March, up 24% from February; total bitcoin holdings now at 5,021 LAS VEGAS, April 1, 2024 /PRNewswire/ -- CleanSpark Inc. (Nasdaq: CLSK), America's Bitcoin Miner™, today released its unaudited bitcoin mining and operations update for the month ending March 31, 2024. "March results were the pay-off for our hard work and tremendous growth over the last few months as it was the first full month with the Sandersville expansion and our newly acquired sites in Mississippi online, ...

Insider stock trades always raise suspicions among regular shareholders, but when they occur just before announcements that only insiders would know about, the impact on stock prices can be significant. For example, CleanSpark (NASDAQ: CLSK) recently announced an $800 million stock offering, leading to a 20% dilution of the company’s value and causing CLSK shares to plummet by 10% in after-hours trading.To make matters worse, Chair Matt Schultz sold 367,000 CLSK shares, totaling $8.5 million, on March 27. I ...

The cryptocurrency market had a solid 2023 and the rally continues this year. On Mar 14, the largest cryptocurrency, Bitcoin (BTC), recorded an all-time high of 73,750.07. However, it has fallen more than 17.5% in less than a week and traded at $66,982.84 on Mar 21. Bitcoin rallied more than 7% on Mar 21 after the Fed reassured three interest rate cuts of 25 basis points each in 2024.A low interest rate regime is beneficial for high-growth stocks like technology, consumer discretionary and cryptocurrency. B ...