10 Worst Performing Crypto Stocks to Buy Now

7. CleanSpark, Inc. (NASDAQ:CLSK)

Year-to-Date Performance: -2.22%

Number of Hedge Fund Holders: 25

CleanSpark Inc. (NASDAQ:CLSK) is an American Bitcoin mining company that owns and operates a portfolio of mining facilities across the US. CLSK ranks among the worst-performing crypto stocks to buy now.

The company is making strategic acquisitions to expand and accelerate growth. In September 2024, CleanSpark Inc. (NASDAQ:CLSK) acquired 2 Bitcoin mining sites and associated land in Mississippi for a total of $5.78 million. This acquisition is expected to support a combined 16.5 megawatts. Moreover, on October 30, 2024, the company acquired GRIID Infrastructure. This move will help CleanSpark Inc. (NASDAQ:CLSK) expand its Bitcoin mining capacity in Tennessee. The acquisition adds 68 megawatts of developed infrastructure and the company has plans to build it to over 400 megawatts of operational capacity. CleanSpark Inc. (NASDAQ:CLSK) is profiting from its expansion efforts and in January 2025, the company announced that it achieved more than 10,000 Bitcoin in its treasury. This represented a stunning increase of 236% year-over-year in CleanSpark Inc.’s (NASDAQ:CLSK) Bitcoin treasury.