crypto analysis
08/09 06:59
Muted stock response amid industry shifts Even th
Even though CleanSpark posted record earnings,its share price dipped following the announcement. After-hours trading showed a modest uptick of less than 1%.
Despite the dip, CleanSpark’s stock is up 16.4% year-to-date—outperforming MARA Holdings, which is down 7%, though still trailing Riot Platforms’ recent surge.
These results come amid a 32% rise in Bitcoin’s price between April and June, boosting miner revenues across the industry.
Meanwhile, the broader mining landscape remains complex. Chinese-origin capital, hardware, and expertise continue to drive an estimated 55%–65% of global mining activity, despite Beijing’s 2021 ban.
In contrast, the U.S. hashrate share has climbed from just 4% in 2019 to 38% today. Iran, on the other hand, has warned that crypto mining may be responsible for up to 20% of its national energy imbalance.
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