CleanSpark Inc CLSK stock is down on Monday despite the rise in the price of Bitcoin BTC/USD. Here’s a look at what you need to know.
What you need to know: Bitcoin rises more than 2.3% in the past 24 hours, leading the broader crypto market, with several crypto-related stocks rising, but CleanSpark stocks are weighing in on the move Not participating.
CleanSpark announced Monday that normal operations have resumed at all of its facilities after 365MW of power was cut off in the aftermath of Hurricane Helen.
The update comes after the Bitcoin mining company announced last week that it had shut off power to some of its locations in southeast Georgia as hurricanes began to impact the region. CleanSpark said at the time that it was able to maintain approximately 10.5 EH/s at the mine site throughout the storm.
CleanSpark announced that it was able to increase its hashrate to 17.5 EH/s within 24 hours of the storm. As of Monday, the company’s hashrate was 28.7 EH/s. The company recently stated that there has been no significant damage to the site’s infrastructure and that it is not aware of any significant losses related to its mining servers.
SEE ALSO: US Labor Market Releases Strong Data—What It Means for Bitcoin
CleanSpark also reported its monthly mining metrics last week, showing that it mined 493 Bitcoins in September, up from 478 Bitcoins in August. The company has mined a total of 5,079 Bitcoins since the beginning of the year. CleanSpark’s total Bitcoin holdings reached 8,049 as of September 30th.
CleanSpark is targeting 30 EH/s in October and plans to grow to over 50 EH/s in 2025.
CLSK Price Action: CleanSpark stock was down 2.19% at $9.37 as of Monday’s publication, according to Benzinga Pro.
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