10 Big Names Feasting on Gains Ahead of Thanksgiving

2. CleanSpark, Inc. (NASDAQ:CLSK)

CleanSpark soared for a 3rd straight day on Wednesday, adding 13.79 percent to finish at $13.45 apiece as investors cheered its impressive earnings performance in the fiscal year 2025.

In its earnings release, CleanSpark, Inc. (NASDAQ:CLSK) said it swung to a net income of $364 million from a $146 million net loss in the same period last year, as revenues expanded by 102 percent to $766.3 million from $379 million year-on-year. Adjusted EBITDA also soared by 235 percent to $823.4 million from $245.8 million.

“Fiscal 2025 was the year CleanSpark achieved operating leverage. We surpassed 50 EH/s in operational hashrate, set new revenue records, and demonstrated strategic capital stewardship by choosing accretive capital market tools, such as convertible debt and bitcoin-backed revolvers instead of an ATM to finance the business during the calendar year,” said CleanSpark, Inc. (NASDAQ:CLSK) Chairman and CEO Matt Schultz.

”We are evolving into a comprehensive compute platform that is prepared to optimize value from both AI and bitcoin workloads. Our deep expertise in power procurement, infrastructure development, and efficient scaling gives us a unique advantage in meeting surging global demand for compute,” he added.

On the same day, CleanSpark, Inc. (NASDAQ:CLSK) received a lower price target of $27 from HC Wainwright, versus $30 previously, but maintained a “buy” recommendation for its stock.

On Monday, CleanSpark, Inc. (NASDAQ:CLSK) also received a rating upgrade from JPMorgan to “overweight” from “neutral,” while giving it a price target of $14.