Why CleanSpark Inc. (CLSK) Went Up On Tuesday?

We recently published a list of 10 Firms Outperform Broader Market on Tuesday. In this article, we are going to take a look at where CleanSpark Inc. (NASDAQ:CLSK) stands against other firms that outperform broader market on Tuesday.

The stock market finished mixed on Tuesday, with the Dow Jones the sole loser with a marginal 0.03-percent dip, as investors awaited clarity on President Donald Trump’s new tariff rollout.

The tech-heavy Nasdaq ended 0.87 percent higher, while the S&P 500 grew 0.38 percent.

Meanwhile, 10 individual stocks outperformed the bellwether indices, finishing the day in the green amid a flurry of fresh corporate developments that boosted investor appetite.

In this article, we named Tuesday’s top performers and detailed the reasons behind their gains.

To come up with the list, we considered only the stocks with a $2-billion market capitalization and $5 million in trading volume.

CleanSpark Inc. (NASDAQ:CLSK)

CleanSpark snapped a five-day losing streak on Tuesday, jumping 12.50 percent to close at $7.56 apiece as investors resorted to bargain-hunting to take advantage of its cheap valuations.

On Tuesday, CLSK dropped to its lowest price of $6.59 apiece before investors turned buyers to push its prices slightly higher toward the close.

Just recently, CLSK earned a positive rating from HC Wainwright following the recent selloff in Bitcoin miners, dragged by the continued trade tensions globally, saying that the drop created a “very attractive buying opportunity.”

According to CLSK, it increased the number of mined Bitcoins for February by 624 to push its total holdings to 11,177.

CleanSpark responsibly develops infrastructure for Bitcoin, an essential tool for financial independence and inclusion.

Overall, CLSK ranks 4th on our list of firms that outperform broader market on Tuesday. While we acknowledge the potential of CLSK as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is as promising as CLSK but trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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