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

We recently published a list of Bitcoin Miners Dominate Tuesday’s 10 Best-Performing Stocks. In this article, we are going to take a look at where CleanSpark, Inc. (NASDAQ:CLSK) stands against other Tuesday’s best-performing stocks.

The stock market bounced back on Tuesday, erasing losses in the previous day, as investors snapped up shares on news that the US-China trade tensions could possibly subside.

The Dow Jones rallied by 2.66 percent, the S&P 500 rose by 2.51 percent, and the Nasdaq surged by 2.71 percent.

On Tuesday, news reports said that US Treasury Secretary Scott Bessent believed there would be a de-escalation between the US and China, describing future negotiations as a slog that has not started yet. The news buoyed trading in several financial markets, including cryptocurrency, with Bitcoin jumping 5 percent to trade above the $91,000 level.

The rally spilled over into 10 companies, predominantly Bitcoin miners. In this article, we have listed the 10 top-performing firms on Tuesday and detailed the reasons behind their gains.

To come up with the list, we considered only the stocks with more than $1 billion in market capitalization and $5 million in trading volume.

CleanSpark, Inc. (NASDAQ:CLSK)

Shares of CleanSpark surged by 17.4 percent on Tuesday to end at $8.77 apiece as investors snapped up shares in the company following the surge in Bitcoin prices.

As of this writing, prices of Bitcoin are up by 5 percent, hovering in the $91,000 territory as the asset attracted investor interest amid the continued volatility on the stock market, coupled with the weakening US dollar.

CLSK is a US-based Bitcoin mining company that owns and operates data centers that primarily run on low-carbon power.

Based on its historical reporting dates, CLSK is expected to release the results of its second quarter earnings performance in the second week of May 2025.

As of last month, CLSK said it was able to mine 706 Bitcoins, pushing its ownership to a total of 11,869.

Meanwhile, the company said it sold 14.23 Bitcoins during the period at an average price of approximately $87,742 apiece.

Overall, CLSK ranks 4th on our list of Tuesday’s best-performing stocks. While we acknowledge the potential of CLSK as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than CLSK but that trades at less than 5 times its earnings, check out our report about this 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.