B. Riley: Bitcoin miner CleanSpark accelerates expansion and initiates a "Buy" rating
B. Riley initiated coverage on the Bitcoin miner CleanSpark with a "Buy" rating and a target price of $16. In the research report, B. Riley stated that CleanSpark should be able to continue achieving its growth targets over the next 12 months. CleanSpark completed its mid-year operational hash rate target of 50 EH/s ahead of schedule on June 24, becoming the first publicly traded Bitcoin miner to achieve this scale with fully self-operated infrastructure. The operational hash rate increased by 9.6% compared to the previous month, further improving the energy efficiency of the company's fleet to 16.15 J/Th. CleanSpark is a Bitcoin mining company that independently owns and operates data centers located across the United States, specifically in Georgia, Mississippi, Tennessee, and Wyoming. As of Tuesday's market close, CleanSpark rose 3.63% to $12.84. Thanks to the surge in Bitcoin prices, the stock has increased by 39% year-to-date
According to Zhitong Finance APP, B. Riley has initiated coverage on Bitcoin miner CleanSpark (CLSK.US) with a "Buy" rating and a target price of $16. In the research report, B. Riley stated that CleanSpark should be able to continue achieving its growth targets over the next 12 months.
CleanSpark completed its mid-year operational hash rate target of 50 EH/s ahead of schedule on June 24, becoming the first publicly listed Bitcoin miner to achieve this scale with fully self-operated infrastructure.
The operational hash rate increased by 9.6% compared to last month, further improving the energy efficiency of the company's fleet to 16.15 J/Th.
CleanSpark is a Bitcoin mining company that independently owns and operates data centers located across the United States, specifically in Georgia, Mississippi, Tennessee, and Wyoming.
As of Tuesday's market close, CleanSpark rose 3.63% to $12.84. Thanks to the surge in Bitcoin prices, the stock has increased by 39% year-to-date
