CleanSpark Inc. (NASDAQ:CLSK) stock jumped more than 7% Friday as Bitcoin (CRYPTO: BTC) rebounded toward $79,000, lifting cryptocurrency mining stocks.

Bitcoin surged back to $79,000 Friday, swinging nearly 4% in two hours as traders digested hotter-than-expected August inflation data and its implications for a September interest-rate decision.

Meanwhile, CleanSpark's August 2026 operational update, released Sept. 8, provided a company-specific backdrop for investors.

Sandersville Expansion Progresses

CleanSpark said construction is progressing at its Sandersville data center campus, which is backed by $6.6 billion in contracted revenue.

ERCOT conditionally classified 585 megawatts of contracted capacity for batch zero baseload designation. It also classified 300 megawatts for batch zero studied load designation.

CEO and Chairman Matt Schultz said CleanSpark remains committed to working with ERCOT and the Public Utility Commission of Texas.

"We look forward to working collaboratively with all stakeholders to serve the needs of Texans while also delivering for our shareholders and customers," Schultz said.

Bitcoin Production And Mining Capacity

CleanSpark produced 593 Bitcoin in August, bringing its 2026 production to 4,903 Bitcoin.

The company ended August with 13,703 Bitcoin, down from 13,931 at the end of July.

CleanSpark reported an operational hashrate of 50 EH/s and an average operating hashrate of 38.3 EH/s. Its deployed fleet totaled 201,269 miners.

The company also reported 1.8 gigawatts of contracted power capacity and 808 megawatts of utilized capacity.

CleanSpark Technical Analysis

CleanSpark is trading 11.4% above its 20-day simple moving average and 6.2% above its 50-day SMA. That signals stronger near-term momentum.

However, CLSK remains 1.9% below its 100-day SMA. That level is the next key test for bulls. A move above it could strengthen the intermediate trend.

Momentum indicators are also improving. The MACD is above its signal line, while the histogram is positive. Both signals suggest buying momentum is building.

Still, the moving-average setup remains mixed. The 20-day SMA is below the 50-day SMA, which is a bearish signal. However, the 50-day SMA remains above the 200-day SMA following a golden cross in June.

The stock previously formed a death cross in February. That sharp shift highlights CLSK's recent volatility and makes a sustained move above the 100-day SMA more important.

• Key Resistance: $15.50. A breakout above this level could support further upside.
• Key Support: $12.00. The level sits near several major moving averages and could provide support during a pullback.

ETFs With CleanSpark Exposure

The Global X Blockchain ETF (NASDAQ:BKCH) has a 5.43% weighting in CleanSpark. The VanEck Digital Transformation ETF (NASDAQ:DAPP) has a 4.48% weighting, while the Schwab Crypto Thematic ETF (NYSE:STCE) has a 5.18% weighting.

Given those weightings, significant flows into or out of the funds could translate into buying or selling pressure for CleanSpark shares.

Price Action

CLSK Price Action: CleanSpark shares were up 8.77% at $13.03 at the time of publication on Friday, according to market data.