CleanSpark (CLSK) Drops 7.5% After June Mining Results

CleanSpark, Inc. (NASDAQ:CLSK) is one of the 10 Stocks Crash Hard Alongside Wall Street.

CleanSpark dropped its share prices by 7.5 percent on Monday to finish at $11.33 apiece following the release of its June mining production which seemed to have already been priced in by investors.

Just recently, CleanSpark, Inc. (NASDAQ:CLSK) announced achieving its mid-year target of 50 EH/s of operational hash rate, which hinted at improved production last month.

During the said period, the company produced 685 Bitcoins with an average daily production of 22.82.

This put its total Bitcoin ownership to 12,608, ranking seventh among all publicly traded companies worldwide, all generated entirely through self-mining.

“June resulted in an average sale price of $105,860 per bitcoin net of customary fees, which is $446 above VWAP for the same period, not including the premiums received from derivative transactions. While these strategies are still evolving, I’m proud of the institutional-grade discipline and performance our treasury team is already demonstrating,” said CleanSpark, Inc. (NASDAQ:CLSK) CFO Gary Vecchiarelli.

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