Bitcoin continued its recovery following months of a downward trend in the crypto market and a colossal sell-off in January. The world’s leading digital currency notched up its longest rally since September as speculation on Thursday that Russia’s government and central bank will begin to accept crypto as legal tender consolidated investors’ recent positivity surrounding crypto.
CleanSpark Inc (NASDAQ:CLSK) reported it made $14.5 million in net income during its first quarter of fiscal 2022. Net income for the three months ended December 31, 2021, was $0.35 basic income per share compared to a loss of $7.2 million or $0.32 per share for the same prior-year period. The company also had working capital of $36.2 million and no long-term debt at the close of 2021.