Maxim initiated coverage of CleanSpark (CLSK) with a Buy rating and $22 price target CleanSpark, traditionally focused on Bitcoin mining power assets, is expanding into AI data centers to meet rising infrastructure demand, the analyst tells investors in a research note. With a 285MW Texas site acquired in October 2025 and roughly 1.5GW of contracted power by 11/25, CleanSpark’s near-term power availability positions it ahead of competitors facing lengthy approval delays, Maxim says.
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