CleanSpark Climbs 5% as Bitcoin Miners Outrun the Coin; Strategy Rises 4%

Bitcoin mining stocks are surging at a rate that dwarfs the coin itself, and the gap between equity gains and spot price raises a question the tape alone cannot answer.

This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

TheBitcoin (CRYPTO:BTC) mining complex is repricing faster than the coin itself Thursday morning, and CleanSpark sits near the front of that move. Those sector gains are running at multiples of Bitcoin’s own advance, which points to a sector-wide re-rating rather than a coin-driven bid.

The CoinShares Bitcoin Mining and Digital Power ETF (NASDAQ:WGMI) is up 6% to $47.20, while the SPDR S&P 500 ETF Trust (NYSEARCA:SPY) is up 1% to $763.81. Bitcoin is up 1.39% to $76,633.43 over the trailing 24 hours.

CleanSpark (NASDAQ:CLSK | CLSK Price Prediction) stock is up 5% to $13.49 in Thursday morning trading, keeping CleanSpark near the front of a broader mining rally with no fresh company disclosure behind the move. Meanwhile, Strategy (NASDAQ:MSTR) shares are up 4% to $130.71, a smaller gain than the pure miners but still a multiple of the coin’s own advance.

Miners Outrun the Coin