Bitcoin miner CleanSpark surges on plans to sell traditional energy business

Time:2022-02-11 03:00 Source:Internet Copy share

Bitcoin miner CleanSpark jumped on plans to sell its traditional energy business. BTIG analyst Gregory Lewis expects the sale could help the miner "disrupt" its growth trajectory. CEO Zach Bradford said in the company's fiscal first-quarter earnings report that CleanSpark (CLSK) is considering strategic options for our traditional energy business, given our success in Bitcoin mining. Shares of CleanSpark jumped nearly 15% on the news, far outpacing gains in the rest of the cryptocurrency mining industry.

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