On August 25, CleanSpark, Inc. rose 8.05% in regular trading, trading at $12.865/share, with turnover of $168 million. The rally came as Bitcoin surged above $80,000 for the first time since mid-May, triggering a broad rally across cryptocurrency-related equities.
Bitcoin's breakout past the $80,000 level drove significant gains across the crypto mining sector, with CleanSpark among the top performers alongside MARA Holdings, Riot Platforms, and IREN, all gaining over 5%. The rally was further supported by confirmation that Citadel LLC has resolved over 80% of the risk exposure stemming from the Situational Awareness hedge fund collapse, which had triggered forced selling of mining stocks including a $179 million CleanSpark position.
Additionally, CleanSpark recently secured a landmark 20-year data center lease expected to generate approximately $6.6 billion in contracted revenue, with extension options potentially increasing total value to $11.6 billion. The tenant also signed a letter of intent covering up to 885 MW of capacity across CleanSpark's Texas portfolio, reinforcing the company's strategic pivot toward AI and data center infrastructure.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)