CleanSpark (CLSK) Slashes 15% on Bitcoin Fall

Core Viewpoint - CleanSpark, Inc. (NASDAQ: CLSK) has experienced significant selling pressure, primarily due to a decline in Bitcoin prices and renewed concerns regarding the artificial intelligence (AI) sector [1][2][3]. Group 1: Stock Performance - CleanSpark's stock fell by 15.07% on Monday, closing at $11.91, marking its second consecutive day of decline [1]. - The decline in CleanSpark's stock is in line with other companies in the sector, such as Terawulf, Hut 8, and Cipher Mining, following Bitcoin's drop below the $90,000 level [2]. Group 2: Bitcoin Production - In November, CleanSpark produced 587 Bitcoins, which is a 4% decrease from the 612 Bitcoins produced in October [4]. - The average daily Bitcoin production for CleanSpark was 19.54, reflecting a 1% decline from the previous month's average of 19.75 [4]. Group 3: AI Industry Concerns - Investor sentiment has been negatively impacted by concerns over the AI bubble, particularly due to significant borrowing in the sector, exemplified by Oracle Corp.'s $108 billion in debt [3]. - There are worries about the ability of technology giants to generate profits from their heavy investments in AI [3].