CleanSpark, Inc. (CLSK) saw its stock drop by 5.03% in pre-market trading, as the broader crypto market faced significant declines. The company, which operates in the bitcoin mining and energy technology sectors, was among the stocks hardest hit by the sell-off.
The downturn reflects heightened volatility and investor caution in the crypto sector, with Bitcoin sliding as much as 6% to below $86,000. Regulatory warnings from the People’s Bank of China and a downgrade of USDT's stability assessment by S&P Global Ratings further exacerbated the market's instability.
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