Operations have already commenced at the three facilities, with an expected hashrate of 2.4 EH/s once fully loaded with S21s LAS VEGAS, Feb. 27, 2024 /PRNewswire/ -- CleanSpark, Inc., America's Bitcoin Miner, today announced it has completed the acquisition of three bitcoin mining data centers in Mississippi, effective February 26. Initial operations have already begun, boosting the Company's operating hashrate to over 15 exahashes per second (EH/s). "We are thrilled to start operating in Mississippi with ...

Bullish momentum continues to permeate the cryptocurrency sector today, with CleanSpark (CLSK 23.86%) among the leading crypto-related stocks to see major moves. As of 2:45 p.m. ET, the Bitcoin (BTC 5.61%) miner has seen its share price surge 26.1% from yesterday's close, marking the continuation of a volatile start to the year, which has seen CleanSpark stock nearly double in less than two months.Of course, because CleanSpark is a top Bitcoin miner, the price of Bitcoin ultimately dictates a great deal of ...

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Even though momentum is a popular stock char ...

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 ...