Stock Track | CleanSpark Plunges 8% Pre-market as Crypto Stocks Slide on Trump Tariff Fears

Stock Track

2025/02/03

CleanSpark, Inc. (CLSK) stock plunged 8.14% in pre-market trading on Monday, as cryptocurrency and blockchain-related stocks tumbled following President Donald Trump's announcement of sweeping new tariffs on imports from several countries.

The sell-off in crypto stocks came as investors feared the tariffs could lead to increased inflation, trade tensions, and ultimately hurt economic growth and corporate earnings. Cryptocurrencies like bitcoin, which CleanSpark is involved in mining, also fell over the weekend as investors moved away from riskier assets due to the tariff concerns.

Crypto mining stocks were hit particularly hard, with Riot Platforms (RIOT) down 6%, Marathon Digital Holdings (MARA) falling 7%, and Hut 8 Mining (HUT) dropping 10% in early trading. Cryptocurrency exchange Coinbase Global (COIN) and bitcoin-holding company MicroStrategy (MSTR) also declined around 5.5% each.

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(CLSK) stock plunged 8.14% in pre-market trading on Monday, as cryptocurrency and blockchain-related stocks tumbled following President Donald Trump's announcement of sweeping new tariffs on imports from several countries.</p>\n\n<p>The sell-off in crypto stocks came as investors feared the tariffs could lead to increased inflation, trade tensions, and ultimately hurt economic growth and corporate earnings. Cryptocurrencies like bitcoin, which CleanSpark is involved in mining, also fell over the weekend as investors moved away from riskier assets due to the tariff concerns.</p>\n\n<p>Crypto mining stocks were hit particularly hard, with Riot Platforms (RIOT) down 6%, Marathon Digital Holdings (MARA) falling 7%, and Hut 8 Mining (HUT) dropping 10% in early trading. Cryptocurrency exchange Coinbase Global (COIN) and bitcoin-holding company MicroStrategy (MSTR) also declined around 5.5% each.</p>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CLSK","symbol_name":"CleanSpark, Inc.","start_time":0,"source_url":"","article_id":"1197186779","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1197186779","pubTimestamp":1738595198,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"CleanSpark, Inc.  stock plunged 8.14% in pre-market trading on Monday, as cryptocurrency and blockchain-related stocks tumbled following President Donald Trump's announcement of sweeping new tariffs on imports from several countries.The sell-off in crypto stocks came as investors feared the tariffs could lead to increased inflation, trade tensions, and ultimately hurt economic growth and corporate earnings. 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