Why CleanSpark, Inc. (NASDAQ:CLSK) Skyrocketed on Friday

We recently published a list of 11 Firms Under Tech, Energy, Aviation Lead Friday Rally. In this article, we are going to take a look at where CleanSpark, Inc. (NASDAQ:CLSK) stands against other firms under tech, energy, and aviation, which led Friday’s rally.

Wall Street’s main indices finished in the green territory on Friday amid a series of catalysts buoying investor appetite.

The Dow Jones Industrial Average rose by 0.80 percent, while the S&P 500 and Nasdaq Composite rallied by 1.26 percent and 1.77 percent, respectively.

Eleven companies—predominantly in the technology, energy, and aviation sectors—posted notable gains. Here is why:

To come up with Friday’s top advancers, we considered only the stocks with at least $2 billion in market capitalization and $5 million in daily trading volume.

Is CleanSpark Inc. (CLSK) Among Firms Under Tech, Energy, Aviation that Led Friday Rally?

A hall of server racks, illuminated by blue LED lights and humming with energy.

CleanSpark, Inc. (NASDAQ:CLSK)

Shares of CleanSpark Inc. (NASDAQ:CLSK) rose for a second day on Friday, adding 14.29 percent or 1.35 points to close at $10.80 apiece as investors welcomed news of higher Bitcoin prices.

On Friday, prices of Bitcoin cracked past the $97,000 territory as the cryptocurrency tried to retest its $100,000 resistance level.

Bullish analysts also buoyed investor sentiment comments on Bitcoin miners such as CleanSpark (CLSK) as they are poised to capitalize on three key themes this year: higher yields, high-performance computing, and favorable regulatory shifts—all of which may drive growth and further spark investor interest.

CleanSpark (CLSK) also earned a “hold” rating from Zack Research over its growth prospects despite projecting a loss of $0.09 per share.

CleanSpark is a Bitcoin miner that owns sustainable data centers powered by low-carbon energy sources.

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