B. Riley raised the firm’s price target on CleanSpark (CLSK) to $25 from $17 and keeps a Buy rating on the shares. A site visit to CleanSpark’s Georgia and Tennessee facilities highlighted its growing focus on high-performance computing alongside Bitcoin mining, the analyst tells investors in a research note. The company’s early infrastructure investments and power expertise position it to replicate past success, with AI/HPC projects expected to provide more stable, scalable revenue over time, the firm says.
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