CleanSpark Stock Falls After Bitcoin Miner Postpones Q3 Earnings

Shares of Bitcoin BTC/USD mining company CleanSpark Inc CLSK are sliding in Thursday’s after-hours session after the company delayed its fiscal third-quarter financial results.

What Happened: CleanSpark was scheduled to report fiscal third-quarter earnings after the market close on Thursday. The company instead put out a press release postponing the report.

CleanSpark noted it intends to provide an updated time for the report and webcast details in a subsequent release. There were no further updates from the company as of the time of writing.

CleanSpark was expected to report a third-quarter loss of 4 cents per share on revenue of $110.881 million, according to estimates from Benzinga Pro.

The Bitcoin mining stock closed Thursday up 10.4% as crypto-related stocks rallied alongside a rebound in the price of Bitcoin. Despite the swift move higher, CleanSpark shares are still down about 26% over the past three months.

CleanSpark shares were down 2.39% after hours at $11.94 at the time of publication Thursday, according to Benzinga Pro.

Photo: Roy Buri from Pixabay.

Read Next:

• Is Ethereum Going To Keep Underperforming Bitcoin? Here’s What Technical Analysis Says