Latest news with #CLSK
Yahoo
a day ago
- 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.
Yahoo
30-05-2025
- Business
- Yahoo
Why CleanSpark, Inc. (CLSK) Went Down On Wednesday
We recently published a list of . In this article, we are going to take a look at where CleanSpark, Inc. (NASDAQ:CLSK) stands against other worst-performing stocks. Shares of CleanSpark declined by 7.61 percent on Wednesday to finish at $9.11 apiece as investors sold off positions in line with the drop in Bitcoin prices. As of 6:07 PM EST, the price of Bitcoin was down by 1.43 percent at the $107,000 level, as investors continued to book profits after reaching a record high last week. The weakness dribbled into CleanSpark, Inc. (NASDAQ:CLSK), alongside its cryptocurrency mining counterparts such as Riot Platforms Inc. and MARA Holdings Inc. A hall of server racks, illuminated by blue LED lights and humming with energy. In the second quarter of fiscal year 2025, CleanSpark, Inc. (NASDAQ:CLSK) swung to a net loss attributable to shareholders of $138.8 million from a net income of $123.89 million in the same period last year. Revenues, on the other hand, increased by 62 percent to $181.7 million from $111.8 million year-on-year. Last month, CleanSpark, Inc. (NASDAQ:CLSK) was able to mine 633 Bitcoins, and sold 401.39, bringing its total holdings to 12,101 as of end-April. Overall, CLSK ranks 10th on our list of worst-performing stocks. While we acknowledge the potential of CLSK, 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 AI stock that is more promising than CLSK and that has 10,000x upside potential, check out our report about this cheapest 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. Sign in to access your portfolio
Yahoo
29-05-2025
- Business
- Yahoo
Why CleanSpark, Inc. (CLSK) Went Down On Wednesday
We recently published a list of . In this article, we are going to take a look at where CleanSpark, Inc. (NASDAQ:CLSK) stands against other worst-performing stocks. Shares of CleanSpark declined by 7.61 percent on Wednesday to finish at $9.11 apiece as investors sold off positions in line with the drop in Bitcoin prices. As of 6:07 PM EST, the price of Bitcoin was down by 1.43 percent at the $107,000 level, as investors continued to book profits after reaching a record high last week. The weakness dribbled into CleanSpark, Inc. (NASDAQ:CLSK), alongside its cryptocurrency mining counterparts such as Riot Platforms Inc. and MARA Holdings Inc. A hall of server racks, illuminated by blue LED lights and humming with energy. In the second quarter of fiscal year 2025, CleanSpark, Inc. (NASDAQ:CLSK) swung to a net loss attributable to shareholders of $138.8 million from a net income of $123.89 million in the same period last year. Revenues, on the other hand, increased by 62 percent to $181.7 million from $111.8 million year-on-year. Last month, CleanSpark, Inc. (NASDAQ:CLSK) was able to mine 633 Bitcoins, and sold 401.39, bringing its total holdings to 12,101 as of end-April. Overall, CLSK ranks 10th on our list of worst-performing stocks. While we acknowledge the potential of CLSK, 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 AI stock that is more promising than CLSK and that has 10,000x upside potential, check out our report about this cheapest 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. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
29-04-2025
- Business
- Yahoo
Why CleanSpark, Inc. (CLSK) Crashed on Monday
We recently published an article titled . In this article, we are going to take a look at where CleanSpark, Inc. (NASDAQ:CLSK) stands against the other stocks. A lackluster trading persisted on the stock market on Monday, with Wall Street's major indices finishing mixed, as investors continued to digest and reposition portfolios ahead of more corporate earnings results. Among the bellwether indices, only the Nasdaq finished in the red, dropping 0.10 percent. In contrast, the Dow Jones grew by 0.28 percent, and the S&P 500 inched up by 0.06 percent. Meanwhile, 10 companies defied a predominantly optimistic market. To come up with the list, we considered only the stocks with a $2-billion market capitalization and $5-million trading volume. A hall of server racks, illuminated by blue LED lights and humming with energy. CleanSpark, Inc. (NASDAQ:CLSK) tumbled by 4.88 percent on Monday to end at $8.57 apiece amid the lack of catalyst to spark buying appetite, while investors repositioned portfolios ahead of the release of its second quarter earnings performance. Based on its historical earnings reporting dates, CleanSpark, Inc. (NASDAQ:CLSK) is set to announce its results in the second week of May 2025. CleanSpark, Inc. (NASDAQ:CLSK) is a US-based Bitcoin mining company that owns and operates data centers that primarily run on low-carbon power. In recent news, CleanSpark, Inc. (NASDAQ:CLSK) progressed with its plan for the establishment of a new data center in Mountain City after securing the backing from the Mountain City Planning Board. If approved, the facility is expected to commence operations within two months. As of last month, CleanSpark, Inc. (NASDAQ:CLSK) said it was able to mine 706 Bitcoins, pushing its ownership to a total of 11,869. Meanwhile, the company said it sold 14.23 Bitcoins during the period at an average price of approximately $87,742 apiece. Overall CLSK ranks 3rd on our list of the worst performing stocks on Monday. While we acknowledge the potential of CLSK as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than CLSK but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: and . Disclosure: None. This article is originally published at .
