Why Bitcoin- And Ethereum-Related Stock CleanSpark Saw Blue Skies Today

CleanSpark Inc CLSK shares rose by 14.40% to $3.10 in Tuesday's Session after the company announced the purchase of 45,000 units of the Antminer S19 XP bitcoin mining machines.

What Happened?

CleanSpark says that all units are expected to be ready for delivery by the manufacturer before September end, adding, once deployed, over 6.3 exahashes per second (EH/s) of computing power to the company's current hashrate of 6.7 EH/s, a 95% increase.

CleanSpark also says, according to the purchase agreement, the manufacturer will prepare 25,000 of the 45,000 units for delivery in August, while the remaining 20,000 units are expected to be ready for delivery in September.

According to data from Benzinga Pro, CLSK has a 52-week high of $10.68 and a 52-week low of $1.74.

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