CleanSpark (CLSK) Jumps 13.45% on Higher Bitcoin Production Expectations

We recently published These 10 Stocks are Stealing the Spotlight. CleanSpark, Inc. (NASDAQ:CLSK) is one of the stocks that soared higher on Tuesday.

CleanSpark grew its share prices by 13.45 percent on Tuesday to close at $10.04 apiece following news that it achieved its mid-year target of 50 exahashes per second (EH/s) of operational hashrate, sparking optimism for higher Bitcoin production in the future.

In a statement, CleanSpark, Inc. (NASDAQ:CLSK) President and CEO Zach Bradford said that the achievement “reflects years of focused strategy, disciplined execution, and a relentless commitment to doing things the right way.”

“This growth didn’t happen by chance. It’s the result of building and operating our own infrastructure, often from the ground up, which has given us the control, resilience, and scalability needed to lead in this industry,” he added.

CleanSpark, Inc.’s (NASDAQ:CLSK) infrastructure portfolio spans more than 30 locations across Georgia, Mississippi, Tennessee, and Wyoming, with vertically integrated control over energy procurement, development, and operations.

As of this writing, CleanSpark, Inc. (NASDAQ:CLSK) said that it has more than 12,500 Bitcoin holdings in its treasury.

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 have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term 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.