CleanSpark Surges 9.35% on $610M Volume Ranks 197th in Daily Market Activity as Renewable Energy Sector Gains Momentum

CleanSpark (CLSK) surged 9.35% on October 6, 2025, with a trading volume of $610 million, ranking 197th in market activity for the day. The stock's performance reflects renewed investor interest in the renewable energy sector amid evolving regulatory and market dynamics.

Recent developments suggest a strategic shift in CleanSpark's operations, including expanded partnerships in clean energy infrastructure and a revised capital allocation framework. These adjustments align with broader industry trends toward decarbonization and digital transformation in energy management. Analysts note that the company’s focus on scalable solar and hydrogen solutions positions it to benefit from upcoming federal incentives.

To run this back-test rigorously, I need to firm up a few practical details and ensure the scope fits within the tools we can execute here. Could you please confirm (or adjust) the following? 1. Universe: All U.S. common stocks (NYSE + NASDAQ) – ok? If you have a narrower list (e.g., Russell 3000 constituents), let me know. 2. Ranking metric: Daily dollar volume (price × shares) or raw share volume? Calculated on the same day’s close, then traded at next day’s open (standard) – acceptable? 3. Execution & turnover: Buy the top-500 ranked names every rebalance day; sell them all the next day (i.e., 1-day holding period). Equal-weight across the 500 positions each day – fine? 4. Trading frictions: Assume zero commissions/slippage, or would you like a stub cost (e.g., 2 bps each side)? 5. Start / end: Start: 2022-01-03 (first trading day of 2022); End: today’s most recent close. Once I have these details locked down, I’ll generate the data-gathering plan and run the back-test.