CleanSpark Inc. (NASDAQ:CLSK) is one of the 10 Bitcoin Miners That Are Now Data Center Companies.
Gregory P Miller, an analyst at Citizens JMP, started coverage of CleanSpark Inc. (NASDAQ:CLSK) with an Outperform rating on June 24
The analyst assigned a price target of $27 to the stock. According to the firm, the company is well-positioned to benefit by repurposing its bitcoin mining power capacity to serve hyperscale customers. It also expects the growing demand for AI and high-performance computing infrastructure to support CleanSpark’s growth.
The stock continues to enjoy positive analyst sentiment as Chardan Capital raised its price target from $15.59 to $19 and reaffirmed a Buy rating on June 8. Earlier on June 4, CLSK released its unaudited operational update. It highlighted stronger mining output and continued expansion efforts.