Bitcoin's reach now extends well beyond cryptocurrency exchanges. Companies owning Bitcoin or supporting its network offer investors different ways to participate in Bitcoin price movements. Strategy MSTR and CleanSpark CLSK share a clear connection to Bitcoin, making both sensitive to changes in the digital asset's value, investor sentiment and access to financing. Their approaches, however, differ. Strategy has made Bitcoin accumulation the center of its financial strategy, using capital markets to build a large corporate treasury while maintaining an enterprise software business. CleanSpark earns revenues by mining new Bitcoin, operating energy-intensive facilities and increasingly developing infrastructure for artificial intelligence workloads.
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