Stock Alert: CleanSpark Shares Up 23%

(RTTNews) - Shares of CleanSpark Inc. (CLSK) are rising over 23% Thursday morning, after the company announced that CleanSpark and ReJoule, a battery diagnostics and optimization company, have been awarded a $2.9 million grant from the California Energy Commission.

The grant is expected to be deployed over the next 30 months. CleanSpark expects to receive about $470,000 of the grant funding for its microgrid design and mVSO software services and follow-on deployment of its mPulse software and controls. CleanSpark has also agreed to provide over $88,000 in matched funding.

The stock has been trading in the range of $0.97 - $20.50 for the past one year, and is currently trading at $3.83, up 73 cents or 23.55%.