Benefiting from the positive impact of rising Bitcoin prices on its mining operations, CleanSpark (CLSK) shares rose 2.86% to $10.02. As a major Bitcoin miner with peak hashrate reaching 50.0 EH/s, the company's revenue is directly correlated with Bitcoin price and mining output. Rising Bitcoin prices increase the dollar value of bitcoins it mines, while major operating costs such as mining facility operations grow at a relatively slower pace, which could help expand profit margins. The stock's next major catalyst is the earnings report released on May 7, with the market expecting a loss per share of $0.28 and revenue of $150.51 million.

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