With the crypto space evolving rapidly, the spotlight is on buying the best blockchain stocks to broaden your investment portfolio. Additionally, opting for blockchain stocks over direct crypto investments helps sidestep the risks of owning cryptos directly. That said, here are three blockchain stocks for early investors, offering significant exposure to this burgeoning space. These stocks are standout opportunities for those looking to tap into the potential of blockchain technology while maintaining a str ...

Under the terms of the merger agreement, GRIID stockholders will receive shares of CleanSpark common stock based upon an exchange ratio equal to the quotient obtained by dividing the aggregate merger consideration by the total number of shares of GRIID common stock issued and outstanding as of the closing date of the merger. The aggregate merger consideration is equal to the quotient obtained by dividing (x) the sum of (i) $155,000,000 minus (ii) the amount of GRIID's outstanding liabilities as of the closi ...

LAS VEGAS, June 27, 2024 /PRNewswire/ -- CleanSpark Inc. (Nasdaq: CLSK) ("CleanSpark") and GRIID Infrastructure Inc. (Nasdaq: GRDI) ("GRIID") announced today that they have entered into a definitive merger agreement pursuant to which CleanSpark will acquire all the issued and outstanding common stock of GRIID in an all-stock transaction. The total enterprise value, including payment and assumption of debt, of the transaction is $155 million. Concurrent with the signing of the merger agreement, the companies ...

Wall Street is coming around on the technology. This year, the SEC approved spot Bitcoin and Ethereum ETFs trading in the United States. But, if you're still on the fence, here are three top blockchain stocks to buy now that we think can change your mind. The blockchain is a transparent and accurate digital ledger that is self-sustaining and does not require human intervention. This means that any transaction that takes place on the blockchain will be recorded and kept forever. Due to its decentralized stru ...

Acquisitions are expected to increase Company's operating hashrate to over 20 EH/s by month's end using already purchased hardware LAS VEGAS, June 18, 2024 /PRNewswire/ -- CleanSpark Inc. (Nasdaq: CLSK), America's Bitcoin Miner™, today announced it has entered into definitive agreements to acquire five turnkey bitcoin mining facilities in rural Georgia for a cash payment of $25.8 million. "Our acquisition of these five new mining sites marks a significant milestone in our strategic growth plan and represent ...

Bitcoin mining stocks look positioned to thrive as demand for crypto mining infrastructure grows. The price of Bitcoin (BTC-USD) has been rising to over $70,000 in recent months after clawing its way back to the top from a significant fall in 2022. Therefore, the crypto markets appear ripe for steady, sustainable growth going forward. This bodes well for the shovels and picks of the crypto gold rush. These are the companies building and operating the specialized computing hardware and facilities needed to m ...

Company mined 417 bitcoin; total bitcoin holdings now at 6,154 LAS VEGAS, June 4, 2024 /PRNewswire/ -- CleanSpark Inc. (Nasdaq: CLSK), America's Bitcoin Miner™, today released its unaudited bitcoin mining and operations update for the month ending May 31, 2024. "We have outperformed industry expectations as well as our peers in our first full month of production after the block reward halving," said Zach Bradford, CEO. "Remarkably, our post-halving production has also outpaced what some of our peers achieve ...

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though? 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 brokerag ...

Nevertheless, with the April Bitcoin halving event now concluded, there is widespread speculation that the reduction in the supply of Bitcoins will result in a scarcity-driven price increase for the digital asset in the upcoming months. The cryptocurrency market suffered a severe blow in April after a strong rally in the previous 15 months. On Mar 14, the largest cryptocurrency, Bitcoin (BTC), recorded an all-time high of 73,750.07. However, it has fallen nearly 17% thereafter. Bitcoin gained more than 67% ...

In order to see if CLSK is a promising momentum pick, let's examine some Momentum Style elements to see if this company holds up. A good momentum benchmark for a stock is to look at its short-term price activity, as this can reflect both current interest and if buyers or sellers currently have the upper hand. It is also useful to compare a security to its industry, as this can help investors pinpoint the top companies in a particular area. Momentum investing revolves around the idea of following a stock's r ...