--- title: "CleanSpark Stock Is Climbing: What's Going On Today?" type: "News" locale: "en" url: "https://longbridge.com/en/news/296518823.md" description: "CleanSpark (NASDAQ: CLSK) shares rose 3.51% to $12.08, continuing a rally driven by Bitcoin's surge. The crypto market climb follows the U.S. Treasury Department's decision to scale up bond-buyback operations, which lowered long-term yields and weakened the dollar, prompting investors toward higher-return assets like crypto. Although CleanSpark is shifting toward AI infrastructure, its stock remains sensitive to Bitcoin prices due to a substantial $814.9 million BTC holding on its balance sheet as of June 30, 2026." datetime: "2026-08-20T16:18:23.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/296518823.md) - [en](https://longbridge.com/en/news/296518823.md) - [zh-HK](https://longbridge.com/zh-HK/news/296518823.md) generator: "portal-rs" --- # CleanSpark Stock Is Climbing: What's Going On Today? **CleanSpark Inc** (NASDAQ:CLSK) shares are building on weekly momentum Thursday, continuing to move alongside a rally in **Bitcoin** (CRYPTO:BTC) as the broader crypto market extends its climb. - Cleanspark shares are powering higher. Why are CLSK shares rallying? ## Bitcoin’s Rally Carries Into Thursday Crypto prices have stayed strong into Thursday, extending a rally that traces back to the Treasury Department’s decision this week to scale up its bond-buyback operations, setting a new floor of $4 billion per long-dated purchase once the program takes effect in September, twice the previous minimum. Under that program, the government retires older bonds that see little trading activity, covering the cost through the short-term bill market it already taps for financing. Less long-term debt in investors’ hands paired with more short-term paper tends to pull down longer-dated yields. Yields have followed that script. The 30-year yield, fresh off its highest level since 2007, has pulled back toward 5.2%, and the 10-year has eased closer to 4.65%, while the dollar has softened by roughly 0.8%. A weaker dollar paired with falling yields typically sends investors looking for better returns elsewhere, and crypto tends to be an early beneficiary of that search. ## CleanSpark Still Holds Enough Bitcoin to Track its Price CleanSpark’s stock continues tracking bitcoin’s moves closely even though the company has been steering its business away from pure mining and toward AI infrastructure work. That connection persists because CleanSpark still carries a substantial bitcoin position on its balance sheet. As of June 30, 2026, the company held $814.9 million worth of bitcoin alongside $202.6 million in cash, meaning a rally in bitcoin’s price directly boosts the value of that holding, keeping the stock sensitive to crypto sentiment even as its underlying business model evolves. ## CLSK Shares Are Moving Higher **CLSK Price Action:** Cleanspark shares were up 3.51% at $12.08 at the time of publication on Thursday, according to Benzinga Pro. **Read Also: CLARITY Act 'Far From Dead,' Analyst Argues Ahead of Trump-Attended Crypto Meeting** *Image: PJ McDonnell/Shutterstock.com* ### Related Stocks - [CLSK.US](https://longbridge.com/en/quote/CLSK.US.md) - [GBTC.US](https://longbridge.com/en/quote/GBTC.US.md) - [FBTC.US](https://longbridge.com/en/quote/FBTC.US.md) - [CLSX.US](https://longbridge.com/en/quote/CLSX.US.md) - [BITB.US](https://longbridge.com/en/quote/BITB.US.md) - [IBIT.US](https://longbridge.com/en/quote/IBIT.US.md) - [ARKB.US](https://longbridge.com/en/quote/ARKB.US.md) - [BITO.US](https://longbridge.com/en/quote/BITO.US.md) - [BRRR.US](https://longbridge.com/en/quote/BRRR.US.md) - [BTCO.US](https://longbridge.com/en/quote/BTCO.US.md) - [BTCW.US](https://longbridge.com/en/quote/BTCW.US.md) - [HODL.US](https://longbridge.com/en/quote/HODL.US.md) - [EZBC.US](https://longbridge.com/en/quote/EZBC.US.md) - [CLSZ.US](https://longbridge.com/en/quote/CLSZ.US.md) - [03008.HK](https://longbridge.com/en/quote/03008.HK.md) - [03042.HK](https://longbridge.com/en/quote/03042.HK.md) - [03430.HK](https://longbridge.com/en/quote/03430.HK.md) - [BTCE.DE](https://longbridge.com/en/quote/BTCE.DE.md) - [CLSKW.US](https://longbridge.com/en/quote/CLSKW.US.md) ## Related News & Research - [Amboss Opens Affiliate Program: Earn Recurring Bitcoin Commissions by Growing Bitcoin Payments](https://longbridge.com/en/news/296124824.md) - [Fundstrat Sees 30% Swing In Bitcoin’s Price](https://longbridge.com/en/news/296239209.md) - [Bitcoin Standard Treasury Company (BSTR) Terminates Business Combination, Team Continues Pursuing Active Bitcoin Treasury Management | CEPO Stock News](https://longbridge.com/en/news/296540800.md) - [Bitcoin lands on the same custody rails Citi uses for equities and bonds](https://longbridge.com/en/news/296272222.md) - [LQWD Technologies CEO to Speak at Bitcoin Asia 2026 in Hong Kong | LQWDF Stock News](https://longbridge.com/en/news/296496835.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**