Published on 19 Aug 2024 on Insider Monkey · via Yahoo Finance
Is CleanSpark, Inc. (CLSK) The Best Bitcoin and Blockchain Stock To Buy...
We recently published a list of 7 Best Bitcoin and Blockchain Stocks To Buy According to Analysts. In this article, we are going to take a look at where CleanSpark, Inc. (NASDAQ:CLSK) stands against the other Bitcoin and blockchain stocks.
What Has Been Happening in the Crypto Industry?
While the digital medium of exchange, cryptocurrency, is created and stored electronically on the blockchain, the most recognized form of it is Bitcoin. Bitcoin has undergone a major historical event in the first quarter of this year. This was when the block reward for bitcoin miners was decreased from 6.25 BTC per mined block to 3.125 BTC per mined block on April 19, also known as the halving event. This halving event is pre-planned and takes place once every four years to slow the pace at which new coins are created. Through this reduced supply of the coin, the concept of Bitcoin as digital gold remains maintained. Previously, Bitcoin halved in 2012, 2016, and 2020.