Shares of CleanSpark Inc.
CLSK,
+3.13%
charged up 2.5% in morning trading Friday, after the energy software company said it was buying 4,778 more Bitmain S19 bitcoin
BTCUSD,
+2.79%
mining rigs, which is expected to deliver an estimated 740 PH/s of additional mining capacity. Separately, the company said it also bought 48 mobile mining data centers to house the rigs. Financial terms of the purchases were not disclosed. The company said it currently operates bitcoin mining rigs capable of processing about 315 PH/s. CleanSpark said 1,298 of the rigs ordered will arrive in the summer of 2021 and the remaining rigs will arrive in 12 equal monthly shipments starting in November 2021. The stock has lost 28.3% year to date but has soared 1,512.2% over the past 12 months. In comparison, bitcoin has run up 82.6% year to date and soared 505.8% over the past year, while the S&P 500
SPX,
+0.46%
has gained 49.3% over the past 12 months.

(Excerpt) Read more Here | 2021-03-26 07:31:18
Image credit: source

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.