Stock Track | CleanSpark Soars Nearly 6% After-Hours on Crypto Optimism and Strong Q1 Results

Stock Track

02-07

CleanSpark, Inc. (CLSK) experienced a significant surge of 5.97% in after-hours trading on Thursday, outperforming the broader market. The rally can be attributed to the positive sentiment in the cryptocurrency industry and the company's impressive first-quarter financial results.

The cryptocurrency market has been on an upswing, with Bitcoin, the world's largest digital currency, rising above $98,000. As a leading provider of sustainable Bitcoin mining solutions, CleanSpark's fortunes are closely tied to the performance of the crypto market. The positive sentiment surrounding cryptocurrencies has spilled over to other crypto-related stocks, including CleanSpark.

Additionally, CleanSpark reported strong financial results for the first quarter of 2025, surpassing analyst expectations. The company's revenue surged 120% year-over-year to $162.3 million, beating analyst estimates of $150.87 million. CleanSpark's earnings per share of $0.85 also significantly exceeded the consensus estimate of $0.09.

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(CLSK) experienced a significant surge of 5.97% in after-hours trading on Thursday, outperforming the broader market. The rally can be attributed to the positive sentiment in the cryptocurrency industry and the company's impressive first-quarter financial results.</p>\n\n<p>The cryptocurrency market has been on an upswing, with Bitcoin, the world's largest digital currency, rising above $98,000. As a leading provider of sustainable Bitcoin mining solutions, CleanSpark's fortunes are closely tied to the performance of the crypto market. The positive sentiment surrounding cryptocurrencies has spilled over to other crypto-related stocks, including CleanSpark.</p>\n\n<p>Additionally, CleanSpark reported strong financial results for the first quarter of 2025, surpassing analyst expectations. The company's revenue surged 120% year-over-year to $162.3 million, beating analyst estimates of $150.87 million. 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