Seeking Alpha
2021-10-01 14:08:46

CleanSpark stock climbs among crypto universe starting Q4 on a strong note

Cryptocurrency miner CleanSpark (NASDAQ:CLSK) surges 6.9% in early trading on Friday as most of the crypto world tops off Q4 with strong push higher. Still, it appears CLSK is lagging the most reliable benchmark for the crypto market, bitcoin (BTC-USD +9.8%), by 5% M/M and 303% Y/Y. At the end of September, the company said it has transitioned all of its BTC mining power to Foundry USA Pool, which is a step towards greater decentralization of the mining pool landscape, and ultimately the overall health of the bitcoin network. The company has now added computing power of more than one exahash, generated by over 10K bitcoin mining machines, to the Foundry USA Pool; it plans to continue to deploy machines to reach its goal of 2 EH/s by end of 2021 and 3.2 EH/s by fall 2022. Some other crypto miners that are trading in the green include: Riot Blockchain (RIOT +3.5%),

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