13 High-Risk High-Reward Growth Stocks to Invest In

3. CleanSpark Inc. (NASDAQ:CLSK)

Upside: 96.27%

5Y Beta: 3.50x

Number of Hedge Fund Holders: 34

CleanSpark Inc. (NASDAQ:CLSK) is one of the 13 High-Risk High-Reward Growth Stocks to Invest In.

On February 9, Clear Street trimmed its target price on CleanSpark by 18.5% to $22 (from $27) but retained its Buy recommendation on the stock. The firm likes CLSK fundamentally, citing positive trends in high-performance compute demand. However, the recent slide in Bitcoin prices offset this positive sentiment.

This target price update comes right after CleanSpark released its Q1-FY2026 financial results on February 5 and its January 2026 operational metrics on February 4. The release showed Q1-FY2026 revenues growing 11.6% YoY to $162.3 million. As for the operational metrics, the company mined 1,821 units of Bitcoin, of which it sold 1,732 for total proceeds of $168.4 million (at an average price of $97,205).

Despite revenue growth, net income for the quarter swung to a loss of $378.7 million (vs. $246.8 million in Q1-FY2025), driven by mark-to-market losses on the company’s Bitcoin holdings (as of 31 December 2025, CLSK held 13,099 units of Bitcoin worth $1.15 billion). For reference, Bitcoin prices fell 23.3% to $87,509 (from $114,056) from 30 September to 31 December 2025.

CleanSpark Inc. (NASDAQ:CLSK) is a Bitcoin mining company with exposure to the data center industry. The company is based in Henderson, Nevada, and was founded in October 1987 by S. Matthew Schultz and Bryan Huber.