CleanSpark Sinks 7% as Mining Stocks Lag Bitcoin; MARA Drops 5%, Strategy Slips

Mining stocks are trailing Bitcoin (CRYPTO:BTC) by a wide margin, and CleanSpark (NASDAQ:CLSK | CLSK Price Prediction) stock is absorbing the biggest losses in the group. CleanSpark stock is at $10.72, down 7% in morning trading. Selling this uneven points…

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Mining stocks are trailing Bitcoin (CRYPTO:BTC) by a wide margin, and CleanSpark (NASDAQ:CLSK | CLSK Price Prediction) stock is absorbing the biggest losses in the group. CleanSpark stock is at $10.72, down 7% in morning trading. Selling this uneven points to pressure on the miners themselves, since the coin they produce is holding up far better.

Meanwhile, MARA Holdings (NASDAQ:MARA) stock is at $9.89, down 5%, a smaller drop than the one in CleanSpark stock that still far exceeds the dip in the coin. For its part, Strategy (NASDAQ:MSTR) stock is at $151.76, down 1%, a much softer slip for the one company in this group that holds Bitcoin outright. The spread between those two moves maps onto the difference in how each company makes money.

Tracking the coin directly, the iShares Bitcoin Trust ETF (NASDAQ:IBIT) is at $46.54, down 1%. As a gauge of large U.S. companies, the SPDR S&P 500 ETF Trust (NYSEARCA:SPY) is at $775.01, down 0.3%. Against that calm backdrop, the biggest selling sits directly with the miners.