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

Stock Track

Feb 07, 2025

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. CleanSpark's earnings per share of $0.85 also significantly exceeded the consensus estimate of $0.09.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CLSK","symbol_name":"CleanSpark, Inc.","start_time":0,"source_url":"","article_id":"1176185284","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1176185284","pubTimestamp":1738881282,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"CleanSpark, Inc.  experienced a significant surge of 5.97% in after-hours trading on Thursday, outperforming the broader market. 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