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CleanSpark got its start in 2014 providing energy products to homes and businesses. It entered bitcoin mining in 2020, according to the company website. Today, more than 90% of revenue comes from bitcoin mining, CEO Zach Bradford said during Tuesday's earnings conference call. Source
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Bitcoin (BTC) rebounded overnight into Aug. 5 as a fresh trendline reclaim opened the door to further gains.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewDaily BTC pricechart sets up "tentative" long signalData from Cryptox Markets Pro and TradingView showed BTC/USD bouncing off a local bottom at $22,400 to add around 4.6%.The
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Ether's trajectory is suddenly in doubt after it failed to push past a key technical threshold on price charts. Source
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Investors are warning of further volatility in the digital asset markets as the International Monetary Fund (IMF) forecasts a slowdown in global economic growth.The IMF’s July update on the World Economic Outlook titled “Gloomy and More Uncertain” points to “higher-than-expected inflation,” and a contraction of global output as indicators of
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An anticipated Fed rate hike seems to be overshadowing the merge optimism. Original Source
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By the end of May, Bitcoin’s (BTC) price had dropped 40%, Ether (ETH) had lost 50% of its value, and the entire crypto market dipped below its $1-trillion capitalization for the first time since January 2021. As we enter a clear bear market trend, it’s essential to focus on what
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A bearish but historically contrary indicator suggests an end of the market decline and a bullish revival ahead. Source
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These market dynamics, though, have helped create some possible M&A opportunities because of the company’s size and funding, Levitt said. “We believe we're well positioned for continued growth and to take advantage of new opportunities that may come our way in this type of environment,” he said, adding: “We're starting
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Despite the news, shares of the miner were up in after-hours trading. Original Source
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