H.C. Wainwright analyst Mike Colonnese raised the firm’s price target on CleanSpark (CLSK) to $30 from $25 and keeps a Buy rating on the shares. The firm expects the miners to report solid Q3 results based on the “strong sequential growth” in bitcoin prices. Hash rate expansion continued in Q3., with the public miners adding 58.4 EH/s to their operations during the quarter, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CLSK:
- CleanSpark selects Submer as partner for AI data center expansion
- Crypto Currents: Coinbase acquires capital raising platform Echo
- Crypto Currents: Trump pardons Binance founder
- Crypto Currents: Coinbase acquires Echo as whales move to ETFs
- CleanSpark announces business evolution to include AI compute