Key PointsCoinbase Global has rallied 29% in February, getting a boost after a fourth-quarter pivot to profitability.Crypto stocks are notoriously volatile compared to the broader market.The January launch of spot Bitcoin ETFs has attracted institutional investors to the space, although one analyst warns of potential challenges ahead. 5 stocks we like better than Coinbase GlobalThe cryptocurrency industry is having a moment. Crypto trading platform Coinbase Global Inc. NASDAQ: COIN is up 29% in February, fo ...

On Feb 14, the largest cryptocurrency Bitcoin (BTC) reached a milestone to close the day with more than $1 trillion in market capital, for the first time since December 2021. In intraday trading, the digital currency rose to $52,079, marking its highest level since December 2021.The cryptocurrency market started 2024 on a positive note after an impressive rally last year. The much-hyped reformation in the cryptocurrency space took place on Jan 10. The U.S. Securities and Exchange Commission (SEC) approved r ...

Crypto mining stocks were on an absolute tear on Wednesday as the value of Bitcoin (BTC 4.63%) jumped 5.9% and its market cap topped $1 trillion again. Hut 8 (HUT 16.82%) jumped as much as 19.5%, CleanSpark (CLSK 9.06%) was up 18.8%, Marathon Digital (MARA 10.40%) rose 15.6%, and Riot Platforms (RIOT 10.10%) gained 11.9% in morning trading. At 10 a.m. ET today, shares of those mining companies were up 17.8%, 10%, 11.6%, and 10.6%, respectively. The Bitcoin popBitcoin's upward momentum can't seem to stop. Ex ...

monsitj In this article I outline why I think CleanSpark, Inc (NASDAQ:CLSK) is a buy with an opportunity to almost double an investor's money. I will explain my thesis by analyzing price action, a chart pattern, momentum, volume, and relative strength all on a weekly time frame. Let’s examine the chart. Chart 1 – CleanSpark with 30-week EMA, Momentum, Volume, and Relative Strength www.stockcharts.com When I am examining a stock, I like to look at the weekly time frame. Chart 1 above shows the weekly pri ...

If you’re looking for some of the hottest opportunities on the market, consider some of the best momentum stocks to buy. After all, momentum investors try to ride the highs no matter what happens. Even when a hot stock reaches above levels the markets believe are too high, those investors continue to buy. Many times those investors are rewarded their contrarian positions with quick returns.Here are just a few of the stocks I consider to be the best momentum stocks to buy.Super Micro Computer (SMCI)Source: G ...

CleanSpark (CLSK) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, CLSK broke through the 50-day moving average, which suggests a short-term bullish trend.The 50-day simple moving average is one of three major moving averages used by traders and analysts to determine support or resistance levels for a wide range of securities. But the 50-day is considered to be more important because it's the first marker of an up or down trend.Shares of CLS ...

CleanSpark (NASDAQ:CLSK) stock is rising higher on Friday thanks to the Bitcoin (BTC-USD) mining company’s positive results in its fiscal first quarter of 2024!The good news for CLSK stock starts with its adjusted earnings per share of 14 cents. That’s a major win for investors compared to Wall Street’s estimate of -26 cents per share. It’s also a positive change compared to its adjusted EPS of -46 cents from the same period of the year prior.Adding to this victory is revenue of $73.8 million during the qua ...

CleanSpark, Inc. (NASDAQ:CLSK) Q1 2024 Earnings Conference Call February 8, 2024 4:30 PM ET Company Participants Isaac Holyoak - Chief Communications Officer Zachary Bradford - President and Chief Executive Officer Gary Vecchiarelli - Chief Financial Officer Conference Call Participants Michael Colonnese - H.C. Wainwright Josh Siegler - Cantor Fitzgerald Gregory Lewis - BTIG Brian Dobson - Chardan Capital Markets Operator Good afternoon. My name is Greg, and I will be your conference operator today. At this ...

CleanSpark is America's Bitcoin Miner™ CleanSpark is America's Bitcoin Miner™ Copyright 2024 CleanSpark | 4 FY2024 First Quarter Earnings Call Zach Bradford Chief Executive Officer 1. Includes recent purchase of 12 EH/s of S21s. 3. Unaudited, projected as of January 31, 2024. 4. As of February 08, 2024 2. Includes infrastructure and newly purchased sites in Mississippi, Dalton, and full expansion of Sandersville and Dalton. 3. Includes 60K of the purchased S21s; requires additional infrastructure to support ...

Bitcoin miner stock CleanSpark, Inc. (NASDAQ:CLSK) is of interest to investors now. The stock, up 14.66% in the past five days, has been boosted by favourable stock market news this week. Technical indicators reinforce a building bullish momentum.On price dynamics, CleanSpark is down 14.43% YTD. This should be interpreted as a correction for the stock as it has registered 172.22% gains in the past year. Simply put, the latest increases in CleanSpark are a continuation of last year’s gains.  CleanSpark is an ...