Why Bitcoin-Related Stock CleanSpark Is Up 35% This Week

CleanSpark Inc (NASDAQ:CLSK) shares are trading higher by 35% to $13.57 this week. Shares of crypto-related stocks are trading higher this week amid strength in Bitcoin (CRYPTO: BTC), which reached an all-time high during the U.S. presidential election.

Additionally, CleanSpark announced it mined 655 bitcoins in October, marking a 32% increase compared to the previous month. As of October 31, the company’s total bitcoin holdings stood at 8,701.

What To Know: CleanSpark, a bitcoin mining company, benefits directly from Bitcoin’s performance due to its extensive mining operations, which generate revenue from accumulating ...

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