CleanSpark Inc. (NASDAQ: $CLSK) remains the most heavily shorted crypto company with a market value above $2 billion, keeping the Bitcoin (CRYPTO: $BTC) miner at the center of a market increasingly divided over the sector's next leg.
Short interest in CleanSpark rose to 33.04% in June from 32.76% a month earlier, the highest level among crypto-linked companies in the group. The reading comes after Bitcoin fell as low as $58,000 during the month and U.S. spot Bitcoin ETFs recorded $4.5 billion in net outflows, their worst monthly total since launching in January 2024.
CleanSpark has continued to grow its Bitcoin treasury even as pressure builds across mining stocks. The company said Tuesday it produced 614 Bitcoin in June and ended the month with 13,924 BTC, up from 13,470 at the end of May.
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Short interest in CleanSpark rose to 33.04% in June from 32.76% a month earlier, the highest level among crypto-linked companies in the group. The reading comes after Bitcoin fell as low as $58,000 during the month and U.S. spot Bitcoin ETFs recorded $4.5 billion in net outflows, their worst monthly total since launching in January 2024.
CleanSpark has continued to grow its Bitcoin treasury even as pressure builds across mining stocks. The company said Tuesday it produced 614 Bitcoin in June and ended the month with 13,924 BTC, up from 13,470 at the end of May.
More From Cryptoprowl:
Ripple, The Company Behind XRP, Is Valued At $50 Billion
2 months ago
