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CLSK News16 articles
MARA Stock Slides 6% Amid Bitcoin Retreat Below $70K
MARA Holdings shares dropped 6% on Tuesday, mirroring a 2.3% decline in Bitcoin below $70,000. The company's substantial Bitcoin holdings and new balance sheet sales strategy amplify its exposure to cryptocurrency volatility.
MARA Stock Drops Amid Bitcoin Decline and Fed Uncertainty
MARA Holdings shares declined alongside Bitcoin after the Federal Reserve held rates steady, with the company posting a significant annual loss and executives filing to sell shares.
Bitcoin Retreats Below $72K as Fed Signals Limited Rate Cuts, Crypto Assets Slide
Bitcoin dropped below $72,000 following the Federal Reserve's decision to maintain interest rates and signal just one reduction in 2024. The broader crypto market and related equities faced selling pressure amid elevated inflation forecasts.
TeraWulf Stock Pulls Back After Kentucky Data Center Loan, Construction Start
TeraWulf Inc. shares retreated Tuesday, giving back a portion of Monday's sharp gains after announcing financing and construction approval for a major Kentucky data center project, underscoring its strategic pivot toward AI and high-performance computing.
MARA Shares Dip on Insider Sale Plan as Bitcoin Holds Firm
MARA Holdings shares edged lower following a regulatory filing indicating an insider-linked trust intends to sell stock. The move coincides with the company's strategic shift to allow bitcoin sales from its balance sheet.
Bitcoin Rally Fuels Gains for Mining Stocks as ETF Inflows Surge
MARA Holdings shares rose as Bitcoin approached $74,420, with spot Bitcoin ETFs seeing $763 million in net inflows last week. The mining sector broadly advanced, while investors monitored Fed policy and Middle East tensions.
CleanSpark Rises on Bitcoin Surge as Texas Data Center Strategy Advances
CleanSpark's stock advanced alongside a bitcoin rally above $71,000, while the company continues to execute its strategic pivot toward data center infrastructure in Texas.
TeraWulf Shares Dip as Analyst Trims Target, AI Transition in Focus
TeraWulf shares fell 3.6% Thursday following a price target reduction by Keefe Bruyette & Woods, which highlighted increased spending. The company continues its strategic build-out of AI data center capacity.
IREN Stock Surges Ahead of MSCI USA Index Inclusion
IREN Ltd. shares advanced 5.5% to $42.22 on Friday following its announced addition to the MSCI USA Index, with trading volume reaching 31.6 million shares.
IREN Tumbles 6% Amid Bitcoin Retreat, CPI Jitters Weigh
IREN stock dropped 6.1% to $40.06, underperforming peers as Bitcoin fell 2.7%. Investors reduced risk exposure before Friday's inflation report.
IREN Shares Retreat Following AI-Driven Rally Amid Strategic Pivot
IREN shares declined 1.6% to $45.42, cooling after a 10.3% surge the prior day. The company reported a Q4 net loss of $155.4 million while securing $3.6 billion in GPU financing for its Microsoft AI partnership.
IREN Shares Surge on AI Cloud Prospects Despite Quarterly Loss
IREN stock rallied over 10% in after-hours trading as analysts highlighted potential new AI cloud contracts, overshadowing a quarterly net loss of $155.4 million.
IREN Shares Rebound on AI Infrastructure Financing Despite Bitcoin Weakness
IREN shares rose over 6% as investors focused on a $3.6 billion GPU financing deal tied to its Microsoft partnership, offsetting concerns from a quarterly net loss of $155.4 million.
CleanSpark Soars 22% on Strong Bitcoin Mining Results and AI Expansion Plans
CleanSpark shares surged 22% to $10.08 following quarterly results showing $181.2 million in revenue and 573 bitcoin mined in January. The company highlighted its growing bitcoin holdings and expansion into AI data centers.
IREN Recovers 5% as Bitcoin Surpasses $70K, Eyes AI Growth Amid Volatility
IREN shares gained roughly 5% Friday, buoyed by Bitcoin's rebound above $70,000, while the company posted a quarterly net loss of $155.4 million. Investors await key U.S. economic data next week.
Bitcoin Miner MARA Surges 22% as Cryptocurrency Rebounds Past $70,000
MARA Holdings shares rallied sharply Friday, climbing 22.3% as bitcoin recovered above $70,000. The move followed significant on-chain transfers from MARA-linked wallets during the recent selloff.