JPMorgan upgraded CleanSpark (CLSK) to Overweight from Neutral with an unchanged price target of $14. The firm cites the recent pullback in the shares for the upgrade. It is also giving CleanSpark credit for 200 MW of “critical IT capacity” at its newly acquired 285 MW site in Texas. The “flurry of deal activity” in high performance compute gives JPMorgan higher conviction in the bitcoin miners.
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