On Tuesday, the stock of bitcoin miner CleanSpark (CLSK) outperformed peers after the company raised its year-end hashrate or computing power guidance to 5.5 exahash per second (EH/s) from 5 EH/s. CleanSpark shares are up 19% in late afternoon trading, aided by a surge in bitcoin (BTC) back above $20,000, compared to gains of 14%-16% for competitors Hut 8 Mining (HUT), Marathon Digital (MARA), and Riot Blockchain (RIOT). CleanSpark recently paid up to $42.5 million for competitor Mawson Infrastructure Group’s (MIGI) mining facility in Sandersville, Georgia, as well as 6,468 latest-generation mining rigs.
