CleanSpark reiterated as top pick at H.C. Wainwright as major milestone achieved

H.C. Wainwright analyst Mike Colonnese reiterates a Buy rating on CleanSpeark after the company announced Tuesday that it has become just the second publicly traded BTC miner in the firm’s dataset to reach 50 EH/s of total operating capacity after achieving its first half 2025 hash rate outlook on schedule. The firm, which says CleanSpark (CLSK) is its top pick in the space, adds that the company has been able to deliver 145% year over year growth in operating hash rate since June 2024 through a combination of strong organic growth, strategic M&A, and well-timed capital deployment decisions.