5 Single-Digit Stocks With Double-Digit Growth Potential

2. CleanSpark Inc. (NASDAQ:CLSK)

Share Price: $8.66

Stock Upside Potential: 95.07%

Number of Hedge Fund Holders: 32

CleanSpark, Inc. (NASDAQ:CLSK) is one of the single-digit stocks with double-digit growth potential. On March 24, CleanSpark, Inc. (NASDAQ:CLSK) confirmed the amendment of its Series A Preferred Stock. The amendment includes the elimination of the quarterly dividend and approval of a one-time special dividend for preferred shareholders.

The amendment removes the previous quarterly dividend calculated as 2% of the company’s earnings. Instead, Series A Preferred stockholders are to receive a one-time special dividend of $17.14 per share. The company will not pay any additional dividends on the Series A Preferred stock. The dividend is payable to Series A holders as of March 19.

Earlier, on March 5, CleanSpark completed the acquisition of its second Texas campus. With the acquisition, the company has added 300 megawatts of ERCOT-approved capacity to its portfolio. The acquisition should strengthen mining operations as the company produced 568 Bitcoin in February with an average daily production of 20.29 Bitcoin. As of the end of February, the company held 13,363 Bitcoin and a deployed fleet of 235,588 miners.

CleanSpark Inc. (NASDAQ:CLSK) is a leading American Bitcoin mining company that operates, develops, and manages data centers, transitioning toward AI infrastructure. It focuses on sustainable, high-performance computing by utilizing low-cost energy to mine Bitcoin. The company is expanding into AI and high-performance computing (HPC) data centers to support digital infrastructure.