What's Going On Bitcoin Miner CleanSpark Shares?

CleanSpark, Inc. CLSK shares are trading higher Friday, and the stock is up more than 75% over the past month.

What To Know:

CleanSpark released its unaudited Bitcoin BTC/USD mining and operations update for the month ending Nov. 30 on Friday.

The update states that CleanSpark mined 666 bitcoin in November and 6,671 bitcoin in 2023 so far. The company sold 402 bitcoin in November and holds a total of 2.575 bitcoin as of Nov. 30.

"We achieved our second-highest monthly bitcoin production despite increased difficulty and without using more energy," said Zach Bradford, CEO of CleanSpark.

"Our efficiency improved, dropping to 26.4 J/Th. We also saw a significant increase in production from fees, likely due to the growing interest in ordinals. This trend suggests that fees might soon become a larger source of revenue as bitcoin's use cases grow and adoption increases."

CLSK shares are moving on heavy trading volume Friday. According to data from Benzinga Pro, more than 29.3 million shares have been traded in the session, compared to the stock's 100-day average volume of 14.29 million shares.

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CLSK Price Action: According to Benzinga Pro, CleanSpark shares are up 19.6 % at $7.47 at the time of publication.

Image: Pete Linforth from Pixabay