Latest news with #CLSK
Yahoo
6 days ago
- Business
- Yahoo
CleanSpark (CLSK) Jumps 13.45% on Higher Bitcoin Production Expectations
We recently published . CleanSpark, Inc. (NASDAQ:CLSK) is one of the stocks that soared higher on Tuesday. CleanSpark grew its share prices by 13.45 percent on Tuesday to close at $10.04 apiece following news that it achieved its mid-year target of 50 exahashes per second (EH/s) of operational hashrate, sparking optimism for higher Bitcoin production in the future. In a statement, CleanSpark, Inc. (NASDAQ:CLSK) President and CEO Zach Bradford said that the achievement 'reflects years of focused strategy, disciplined execution, and a relentless commitment to doing things the right way.' A hall of server racks, illuminated by blue LED lights and humming with energy. 'This growth didn't happen by chance. It's the result of building and operating our own infrastructure, often from the ground up, which has given us the control, resilience, and scalability needed to lead in this industry,' he added. CleanSpark, Inc.'s (NASDAQ:CLSK) infrastructure portfolio spans more than 30 locations across Georgia, Mississippi, Tennessee, and Wyoming, with vertically integrated control over energy procurement, development, and operations. As of this writing, CleanSpark, Inc. (NASDAQ:CLSK) said that it has more than 12,500 Bitcoin holdings in its treasury. While we acknowledge the potential of CLSK as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
6 days ago
- Business
- Yahoo
CleanSpark (CLSK) Jumps 5.58% on Analyst's 'Buy' Reco
We recently published . CleanSpark, Inc. (NASDAQ:CLSK) is one of the Wednesday's top performers. CleanSpark grew its share prices for a second day on Wednesday, jumping 5.58 percent to close at $10.6 apiece after maintaining a 'buy' recommendation on its stock, buoyed by a significant milestone in its Bitcoin production. On Tuesday, CleanSpark, Inc. (NASDAQ:CLSK) announced that it achieved its mid-year target of 50 exahashes per second (EH/s) of operational hashrate, becoming one of the few mining companies to reach such a threshold. According to CleanSpark, Inc. (NASDAQ:CLSK) President and CEO Zach Bradford, the achievement 'reflects years of focused strategy, disciplined execution, and a relentless commitment to doing things the right way.' A hall of server racks, illuminated by blue LED lights and humming with energy. Following the news, HC Wainwright maintained CleanSpark, Inc. (NASDAQ:CLSK) as its 'top pick' in the Bitcoin mining sector in 2025, citing expectations for more bullish estimate revisions, higher Bitcoin prices in the remainder of the year, and multiple expansion on its stock, especially with its price currently at a 35-percent discount compared with companies with the same market capitalization. While we acknowledge the potential of CLSK as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
25-06-2025
- Business
- Yahoo
CleanSpark reiterated as top pick at H.C. Wainwright as major milestone achieved
H.C. Wainwright analyst Mike Colonnese reiterates a Buy rating on CleanSpeark after the company announced Tuesday that it has become just the second publicly traded BTC miner in the firm's dataset to reach 50 EH/s of total operating capacity after achieving its first half 2025 hash rate outlook on schedule. The firm, which says CleanSpark (CLSK) is its top pick in the space, adds that the company has been able to deliver 145% year over year growth in operating hash rate since June 2024 through a combination of strong organic growth, strategic M&A, and well-timed capital deployment decisions. Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See today's best-performing stocks on TipRanks >> Read More on CLSK: Disclaimer & DisclosureReport an Issue CleanSpark call volume above normal and directionally bullish CleanSpark achieves 50 EH/s milestone Mixed options sentiment in CleanSpark with shares down 1.39% Mixed options sentiment in CleanSpark with shares down 6.24% 3 Best Crypto Stocks to Buy Now, 6/17/25, According to Analysts Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
20-06-2025
- Business
- Yahoo
BTIG Reiterates a Buy Rating on CleanSpark (NASDAQ:CLSK), Sets a $22 PT
CleanSpark, Inc. (NASDAQ:CLSK) is one of the 13 Crypto Stocks with the Highest Upside Potential. In a report released on June 13, Gregory Lewis from BTIG reiterated a Buy rating on CleanSpark, Inc. (NASDAQ:CLSK) with a price target of $22.00. The analyst reasoned that while other companies pursued high-performance computing opportunities, CleanSpark, Inc. (NASDAQ:CLSK) 'quietly' became the second largest US-listed bitcoin miner by hash capacity, standing behind Mara Holdings. A hall of server racks, illuminated by blue LED lights and humming with energy. He further told investors in a research note that the company has outgrown a majority of the competition since the end of 2023, experiencing a notable hash capacity growth of 350%. Management stated that CleanSpark, Inc.'s (NASDAQ:CLSK) existing infrastructure footprint holds the capacity to support over 60 EH of capacity. The firm also said that CleanSpark, Inc. (NASDAQ:CLSK) owns around 12,500 bitcoins, which is the third-highest number of bitcoins owned by miners. Since the company's management is focusing on mining, BTIG anticipates it to gain hash capacity market share as other miners pause mining growth for HPC. CleanSpark, Inc. (NASDAQ:CLSK) is a Bitcoin mining company that independently owns and operates data centers across the US, with locations in Georgia, Mississippi, Tennessee, and Wyoming. While we acknowledge the potential of CLSK as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Insider
13-06-2025
- Business
- Business Insider
BTIG Sticks to Their Buy Rating for Cleanspark (CLSK)
In a report released today, Gregory Lewis from BTIG reiterated a Buy rating on Cleanspark (CLSK – Research Report), with a price target of $22.00. The company's shares opened today at $9.39. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Lewis covers the Energy sector, focusing on stocks such as Borr Drilling, TechnipFMC, and Golar LNG. According to TipRanks, Lewis has an average return of 2.1% and a 45.81% success rate on recommended stocks. The word on The Street in general, suggests a Strong Buy analyst consensus rating for Cleanspark with a $19.00 average price target, a 102.34% upside from current levels. In a report released today, J.P. Morgan also maintained a Buy rating on the stock with a $14.00 price target. Based on the recent corporate insider activity of 50 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CLSK in relation to earlier this year.
