CleanSpark (CLSK) Tracks Bitcoin Rally to New High, Jumps 12.5%

CleanSpark, Inc. (NASDAQ:CLSK) is one of the 10 Stocks Going Wild.

CleanSpark extended its rally for a second day on Wednesday, adding 12.47 percent to close at $7.5 apiece as investor sentiment was fueled by Bitcoin prices rallying to a new all-time high.

On Wednesday, Bitcoin hit as high as $111,907.49 amid growing institutional interest and a resurgence in retail demand.

The rally spilled over to Bitcoin mining stocks, including CleanSpark, Inc. (NASDAQ:CLSK), Riot Platforms Inc. (NASDAQ:RIOT), and Strategy Inc. (NASDAQ:MSTR), among others.

Investor optimism was further supported by news reports that the Mountain City government has approved a rezoning request that could pave the way for the establishment of a Bitcoin mining facility.

With a 3-1 vote, the Mountain City Board of Mayor and Aldermen reportedly approved the rezoning request on a 50-acre site.

It can be recalled that CleanSpark, Inc. (NASDAQ:CLSK) was planning to construct a 30-megawatt Bitcoin mining facility in Mountain City.

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Disclosure: None. This article is originally published at Insider Monkey.