CleanSpark Stock Up 14% on Bitcoin Mining, Sales Update
By Sabela Ojea
Shares of CleanSpark on Monday climbed after the company said its bitcoin holdings more-than-doubled in the latest quarter and it sold more than 400 bitcoins for over $11 million in June.
At 14:32 E.T., shares were up 14% at $4.87. The stock has surged over 138% since the year started, and jumped by 23% in the past twelve months.
The bitcoin company mined 1,624 bitcoins during the quarter, with bitcoin holdings growing by 170% when compared to the prior three-month period.
Additionally, CleanSpark said it funded growth and operations through the sale of 413 bitcoins during the month of June, receiving proceeds of about $11.2 million.
In the month of June, it mined 491 bitcoins, CleanSpark added.
Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix
(END) Dow Jones Newswires
July 03, 2023 15:02 ET (19:02 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.-
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