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Stock Track | CleanSpark Shares Decline Amid Bitcoin Halving Impact on Miners

Stock Track07-25

Shares of CleanSpark, Inc. (CLSK), a leading Bitcoin mining company, fell 5.27% during intraday trading on Monday, as the impact of the recent Bitcoin halving event continues to weigh on the mining industry.

The Bitcoin halving, which occurred in April 2024, reduced the block reward for miners by half, from 12.5 Bitcoin to 6.25 Bitcoin. This reduction in the supply of new Bitcoin is expected to increase the cryptocurrency's price over time due to its deflationary nature and steady demand. However, in the short term, miners face revenue challenges as they grapple with the reduced block reward, compounded by high electricity costs and the need for specialized hardware.

According to industry reports, CleanSpark was among the major mining operations that saw a significant decrease in Bitcoin production in May 2024 compared to April, following the halving event. The company, along with other miners, is adapting to the changing landscape through various strategies, including mergers and acquisitions, improving operational efficiency, and diversifying revenue streams.

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Goyanz
·07-25
Cleanspark had the best fundamentals of all miners and should be price around $20. Their profit per bitcoin is the best or second best and they sell less bitcoin to pay bills
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- SPACE ROCKET:
  Agree! I just wrote an article on CLSK! Kindly like and share if you support CLSK! 🔥🚀
  07-25
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Goyanz
·07-25
This article is rubbish, of course they produced less bitcoin after halving, but this article doesn't compare May and June's production which has risen. Stop creating fud.
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(CLSK), a leading Bitcoin mining company, fell 5.27% during intraday trading on Monday, as the impact of the recent Bitcoin halving event continues to weigh on the mining ...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CLSK","symbol_name":"CleanSpark, Inc.","start_time":0,"source_url":"","article_id":"1109833050","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1109833050","pubTimestamp":1721851118,"sourceInfo":null,"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of CleanSpark, Inc. , a leading Bitcoin mining company, fell 5.27% during intraday trading on Monday, as the impact of the recent Bitcoin halving event continues to weigh on the mining industry.The Bitcoin halving, which occurred in April 2024, reduced the block reward for miners by half, from 12.5 Bitcoin to 6.25 Bitcoin. 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(CLSK), a leading Bitcoin mining company, fell 5.27% during intraday trading on Monday, as the impact of the recent Bitcoin halving event continues to weigh on the mining industry.</p>\n\n<p>The Bitcoin halving, which occurred in April 2024, reduced the block reward for miners by half, from 12.5 Bitcoin to 6.25 Bitcoin. This reduction in the supply of new Bitcoin is expected to increase the cryptocurrency's price over time due to its deflationary nature and steady demand. However, in the short term, miners face revenue challenges as they grapple with the reduced block reward, compounded by high electricity costs and the need for specialized hardware.</p>\n\n<p>According to industry reports, CleanSpark was among the major mining operations that saw a significant decrease in Bitcoin production in May 2024 compared to April, following the halving event. The company, along with other miners, is adapting to the changing landscape through various strategies, including mergers and acquisitions, improving operational efficiency, and diversifying revenue streams.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CLSK":"CleanSpark, Inc."},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1109833050","content_text":"Shares of CleanSpark, Inc. (CLSK), a leading Bitcoin mining company, fell 5.27% during intraday trading on Monday, as the impact of the recent Bitcoin halving event continues to weigh on the mining industry.\nThe Bitcoin halving, which occurred in April 2024, reduced the block reward for miners by half, from 12.5 Bitcoin to 6.25 Bitcoin. This reduction in the supply of new Bitcoin is expected to increase the cryptocurrency's price over time due to its deflationary nature and steady demand. 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I just wrote an article on CLSK! Kindly like and share if you support CLSK! 🔥🚀","text":"Agree! I just wrote an article on CLSK! Kindly like and share if you support CLSK! 🔥🚀","html":"Agree! I just wrote an article on CLSK! Kindly like and share if you support CLSK! 🔥🚀"}],"langContent":"EN"},{"id":331162295599280,"gmtCreate":1721858153377,"gmtModify":1721869667641,"author":{"id":"4146818409616092","authorId":"4146818409616092","name":"Goyanz","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"4146818409616092","authorIdStr":"4146818409616092"},"htmlText":"This article is rubbish, of course they produced less bitcoin after halving, but this article doesn't compare May and June's production which has risen. Stop creating fud.","listText":"This article is rubbish, of course they produced less bitcoin after halving, but this article doesn't compare May and June's production which has risen. Stop creating fud.","text":"This article is rubbish, of course they produced less bitcoin after halving, but this article doesn't compare May and June's production which has risen. Stop creating fud.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/331162295599280","repostId":1109833050,"repostType":2,"repost":{"id":"1109833050","kind":"news","weMediaInfo":{"introduction":"Track stock‘s movements and relevant news","home_visible":1,"media_name":"Stock Track","id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"pubTimestamp":1721851118,"share":"https://ttm.financial/m/news/1109833050?lang=&edition=fundamental","pubTime":"2024-07-25 03:58","market":"hk","language":"en","title":"Stock Track | CleanSpark Shares Decline Amid Bitcoin Halving Impact on Miners","url":"https://stock-news.laohu8.com/highlight/detail?id=1109833050","media":"Stock Track","summary":"Shares of CleanSpark, Inc. , a leading Bitcoin mining company, fell 5.27% during intraday trading on Monday, as the impact of the recent Bitcoin halving event continues to weigh on the mining industry.The Bitcoin halving, which occurred in April 2024, reduced the block reward for miners by half, from 12.5 Bitcoin to 6.25 Bitcoin. This reduction in the supply of new Bitcoin is expected to increase the cryptocurrency's price over time due to its deflationary nature and steady demand. However, in t","content":"<p>Shares of CleanSpark, Inc. (CLSK), a leading Bitcoin mining company, fell 5.27% during intraday trading on Monday, as the impact of the recent Bitcoin halving event continues to weigh on the mining industry.</p>\n\n<p>The Bitcoin halving, which occurred in April 2024, reduced the block reward for miners by half, from 12.5 Bitcoin to 6.25 Bitcoin. This reduction in the supply of new Bitcoin is expected to increase the cryptocurrency's price over time due to its deflationary nature and steady demand. However, in the short term, miners face revenue challenges as they grapple with the reduced block reward, compounded by high electricity costs and the need for specialized hardware.</p>\n\n<p>According to industry reports, CleanSpark was among the major mining operations that saw a significant decrease in Bitcoin production in May 2024 compared to April, following the halving event. The company, along with other miners, is adapting to the changing landscape through various strategies, including mergers and acquisitions, improving operational efficiency, and diversifying revenue streams.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | CleanSpark Shares Decline Amid Bitcoin Halving Impact on Miners</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | CleanSpark Shares Decline Amid Bitcoin Halving Impact on Miners\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1086803395\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock Track </p>\n<p class=\"h-time\">2024-07-25 03:58</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Shares of CleanSpark, Inc. (CLSK), a leading Bitcoin mining company, fell 5.27% during intraday trading on Monday, as the impact of the recent Bitcoin halving event continues to weigh on the mining industry.</p>\n\n<p>The Bitcoin halving, which occurred in April 2024, reduced the block reward for miners by half, from 12.5 Bitcoin to 6.25 Bitcoin. This reduction in the supply of new Bitcoin is expected to increase the cryptocurrency's price over time due to its deflationary nature and steady demand. However, in the short term, miners face revenue challenges as they grapple with the reduced block reward, compounded by high electricity costs and the need for specialized hardware.</p>\n\n<p>According to industry reports, CleanSpark was among the major mining operations that saw a significant decrease in Bitcoin production in May 2024 compared to April, following the halving event. The company, along with other miners, is adapting to the changing landscape through various strategies, including mergers and acquisitions, improving operational efficiency, and diversifying revenue streams.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CLSK":"CleanSpark, Inc."},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1109833050","content_text":"Shares of CleanSpark, Inc. (CLSK), a leading Bitcoin mining company, fell 5.27% during intraday trading on Monday, as the impact of the recent Bitcoin halving event continues to weigh on the mining industry.\nThe Bitcoin halving, which occurred in April 2024, reduced the block reward for miners by half, from 12.5 Bitcoin to 6.25 Bitcoin. This reduction in the supply of new Bitcoin is expected to increase the cryptocurrency's price over time due to its deflationary nature and steady demand. However, in the short term, miners face revenue challenges as they grapple with the reduced block reward, compounded by high electricity costs and the need for specialized hardware.\nAccording to industry reports, CleanSpark was among the major mining operations that saw a significant decrease in Bitcoin production in May 2024 compared to April, following the halving event. The company, along with other miners, is adapting to the changing landscape through various strategies, including mergers and acquisitions, improving operational efficiency, and diversifying revenue streams.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":0,"commentSize":2,"repostSize":2,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}