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CleanSpark Soars on Bitcoin Mining Expansion Plans

Guavy AI Editorial Team
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BTC LSK
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CleanSpark Inc.'s (CLSK) stock has seen a significant surge of 7.49% in recent trading, driven by bullish sentiment surrounding its expanding bitcoin mining capacity.

The company's August production hit 593 BTC, bringing its year-to-date output to 4,903 BTC and maintaining a sizable Bitcoin treasury in the 13,700-13,900 BTC range.

CleanSpark plans to use the $2.227B senior secured notes deal to fund the completion of its Sandersville, Georgia data center and reimburse prior equity spending.

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