Stock Track | CleanSpark Plummets 6.89% in Pre-Market as Crypto Stocks Tumble on Bitcoin Weakness-To The Moon - Tiger Brokers Online Investing Community

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Stock Track | CleanSpark Plummets 6.89% in Pre-Market as Crypto Stocks Tumble on Bitcoin Weakness

Stock Track11-26

CleanSpark, Inc. (CLSK), a leading sustainable Bitcoin mining and energy solutions company, saw its stock price plummet 6.89% in pre-market trading on Tuesday. This sharp decline came amid a broader sell-off in cryptocurrency-related stocks, which was fueled by weakness in the price of Bitcoin.

Bitcoin, the world's largest cryptocurrency, experienced a significant decline, trading 0.7% lower near the $92,500 mark during Tuesday's session. As Bitcoin's price dipped below the closely watched $100,000 level, it dragged down the shares of several companies operating in the cryptocurrency and blockchain space.

CleanSpark was not immune to this industry-wide trend, as investors grew cautious about the prospects of Bitcoin mining companies amid the cryptocurrency's price volatility. The company's stock joined other prominent crypto-related stocks, including Coinbase Global, Riot Platforms, and MicroStrategy, in experiencing substantial pre-market losses.

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