Cleanspark ( (CLSK) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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CleanSpark’s stock recently declined, even though the company exceeded earnings expectations. Despite this, JPMorgan upgraded CleanSpark to Overweight, citing its significant IT capacity at a new Texas site and increased activity in high-performance computing deals. This upgrade demonstrates confidence in bitcoin miners and seeks to address the recent drop in share prices.
More about Cleanspark
YTD Price Performance: 21.48%
Average Trading Volume: 32,088,023
Technical Sentiment Signal: Sell
Current Market Cap: $3.42B
For further insights into CLSK stock on TipRanks’ Stock Analysis page.
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