CleanSpark, Inc. (CLSK) surged 5.04% in the pre-market trading session on Thursday, outperforming the broader market. The stock's impressive rally can be attributed to the overall positive sentiment surrounding the cryptocurrency industry.
The upward momentum in CleanSpark's stock price is likely driven by the recent surge in Bitcoin's value. According to reports, Bitcoin rose above $98,000, currently trading at $98,660, with a 24-hour increase of 0.8%. As a leading provider of sustainable Bitcoin mining solutions, CleanSpark's fortunes are closely tied to the performance of the world's largest cryptocurrency.
Moreover, the positive sentiment in the cryptocurrency market has spilled over to other crypto-related stocks. Several other companies operating in the crypto space, such as Riot Platforms, Coinbase, MARA Holdings, and Strategy, also witnessed significant gains in the pre-market trading session.
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