Bitcoin Surges Past $35,000 for the First Time, Causing Bitcoin Mining Stocks to Skyrocket
Shares of CleanSpark (NASDAQ: CLSK) are on the rise today and it could be related to the bitcoin mining update it provided yesterday. As of 1:30 p.m. EST, CleanSpark stock was up 30%. In its press release, the company said it has mined almost 35 bitcoin tokens since Dec. 10. This is particularly interesting because the price of bitcoin has surged over 80% during this same time period. In fact, bitcoin hit an all-time high over $35,000 today.
As bitcoin rises, bitcoin mining stocks are staying hot in general. CleanSpark's peers Riot Blockchain (NASDAQ: RIOT) and Marathon Patent Group (NASDAQ: MARA) are also on the rise today. As of 1:30 p.m. EST, Riot Blockchain stock was up 7% and Marathon stock was up 25%.
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Source Fool.com
