CleanSpark (CLSK) Jumps 8.8% as US Starts Work on 1-Million Bitcoin Purchase

We recently published 10 Hot Stocks Investors Are Buying, 5 Break Fresh Records. CleanSpark, Inc. (NASDAQ:CLSK) is one of the best performers on Tuesday.

CleanSpark extended its winning streak to a fifth consecutive day on Tuesday, jumping 8.84 percent to finish at $11.20 apiece as investors loaded portfolios in crypto mining and treasury firms ahead of results from the ongoing Bitcoin roundtable discussion.

Hosted by Sen. Cynthia Lummis and Rep. Nick Begich, and attended by CleanSpark, Inc. (NASDAQ:CLSK) Chairman and CEO Matthew Schultz, industry stakeholders gathered for a roundtable discussion on Capitol Hill on Tuesday to discuss how the US can acquire 1 million Bitcoins over the next five years.

Lummis introduced a new bill called the Boosting Innovation, Technology, and Competitiveness through Optimized Investment Nationwide Act (Bitcoin Act) in March, in line with President Donald Trump’s executive order earlier this year, which seeks to establish a national crypto treasury.

As of writing, the price of Bitcoin was up by 1.27 percent at $116,886.20 apiece.

CleanSpark (CLSK) Tracks Bitcoin Rally to New High, Jumps 12.5%

Last month, CleanSpark, Inc. (NASDAQ:CLSK) said it was able to produce 657 Bitcoins at an operational hash rate of 50 EH/s.

“Over the past calendar year, we’ve doubled our hashrate and built a bitcoin treasury of nearly 13,000. We are now focused on maximizing our contracted power through mining and exploring other verticals. We have a proven track record of deliberate, strategic discipline, and I am excited to enter our next phase of growth without ever losing sight of what got us here,” Schultz said.

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Disclosure: None. This article is originally published at Insider Monkey.