CleanSpark’s Tennessee Expansion Sparks 11% Stock Surge—Despite Local Backlash

Bitcoin miner CleanSpark just pulled off a Wall Street magic trick: turning Tennessee tension into an 11% stock pump. The market’s clearly betting on expansion—local resistance be damned.

Growth vs. Grassroots

While Nashville politicians rage about energy costs and community impact, investors are too busy counting potential hash rate gains. CleanSpark’s playing chess while locals play checkers—and the share price doesn’t lie.

Mining’s Relentless March

Another day, another miner expanding operations despite NIMBY protests. The 11% bounce proves institutional money still backs bitcoin’s infrastructure build-out—even when it ruffles feathers. Funny how stock tickers ignore picket signs.

Closing Thought: Wall Street’s favorite renewable energy play? A company that burns cash to mint digital coins—then burns goodwill to build more mines. Efficiency!

CleanSpark stock rises

Following news of this development, CleanSpark’s shares ROSE 11.27% to $12.33, the highest level the stock has seen this year.

Besides the rising stock value, CleanSpark’s decision to expand its mining operations in Tennessee follows the company’s recent success.

Last month, CleanSpark said its hashrate increased to 50 EH/s, and it also recorded improved fleet efficiency.

The company added that its Digital Asset Management division is also growing, managing over 12,500 self-mined Bitcoins.

Commenting on these milestones,  Zach Bradford, CleanSpark’s CEO and President, said:

“This growth didn’t happen by chance. It’s the result of building and operating our own infrastructure, often from the ground up, which has given us the control, resilience, and scalability needed to lead in this industry.”