Shares of CleanSpark Inc.
CLSK,
charged up 5.4% in premarket trading Friday, after the bitcoin miner provided a mining update for August, and as bitcoin prices
BTCUSD,
rose for a third-straight day. The company said it mined 395 bitcoin in August, up 109% from a year ago, and has mined 2,642 bitcoin year to date. Total bitcoin converted for operations and growth was 388 in August, down 9% from July, to bring total holdings to 526 bitcoin as of Aug. 31. Meanwhile, bitcoin rose 1.3% in morning trading Friday, and have now gained 2.7% since it closed below 20,000 on Aug. 30 for the first time since July 12. For the year to date, CleanSpark’s stock has tumbled 57.1%, while bitcoin has plunged 56.2% and the S&P 500
SPX,
has lost 16.8%.
