CleanSpark, Inc. (CLSK), a sustainable Bitcoin mining company, saw its shares surge 6.08% in pre-market trading on Tuesday, riding on a wave of optimism surrounding the incoming Trump administration's plans to support the cryptocurrency industry.

The bullish sentiment in the crypto market was fueled by reports that President-elect Donald Trump is expected to sign executive orders on his first day in office to boost the sector. These orders are anticipated to address major challenges faced by the industry, such as banking restrictions and the controversial SEC Staff Accounting Bulletin 121 (SAB 121) regulation, which requires companies holding cryptocurrencies for clients to record those assets as liabilities on their balance sheets.

By overturning SAB 121, Trump's administration aims to remove a significant barrier for businesses operating in the crypto space, including CleanSpark, which is expected to benefit from a more favorable regulatory environment for its Bitcoin mining operations.

Adding to the optimism, MicroStrategy Inc., a prominent Bitcoin holder, continued its aggressive Bitcoin buying spree, purchasing $243 million worth of the cryptocurrency in the past week. This move by MicroStrategy, which has amassed a substantial Bitcoin treasury, further bolstered confidence in the digital asset.

As a result, Bitcoin's price climbed closer to the $95,000 mark, reflecting the broader rally in the crypto market. Crypto stocks, including those of CleanSpark's peers, also rallied in pre-market trading, fueled by the expectation of a more crypto-friendly landscape under the Trump presidency.