CleanSpark Stock Rallies With Bitcoin Amid Government Bond-Buyback Surge

CleanSpark Inc's stock is on the rise, mirroring the surge in Bitcoin prices. The crypto market has been extending its rally this week, following the Treasury Department's decision to scale up its bond-buyback operations.

The government's plan aims to retire older bonds that see little trading activity by purchasing them back at a cost of $4 billion per long-dated purchase once the program takes effect in September. This move has led to lower yields, with the 30-year yield pulling back towards 5.2% and the 10-year yielding around 4.65%. A weaker dollar has also contributed to the increase in crypto prices.

CleanSpark's stock continues to track Bitcoin's price closely despite the company shifting its focus from pure mining to AI infrastructure work. The reason for this connection is that CleanSpark still holds a substantial Bitcoin position on its balance sheet, worth $814.9 million as of June 30, 2026.