CleanSpark, Inc. (NASDAQ:CLSK) is one of the top bitcoin mining stocks to buy amid bitcoin hike. On July 1, B. Riley initiated coverage of CleanSpark, Inc. (NASDAQ:CLSK) with a Buy rating and $16 price target.
A hall of server racks, illuminated by blue LED lights and humming with energy.
The firm told investors in a research note that CleanSpark, Inc. should continue to meet its growth targets over the coming 12 months.
The company surpassed its mid-year operating hash rate goal of 50 EH/s ahead of schedule on June 24, attaining the status of the first publicly traded bitcoin miner to achieve this scale with fully self-operated infrastructure, the firm noted.
The feat represented a 9.6% month-over-month increase, which further bolstered the company’s fleet’s energy efficiency to 16.15 J/Th.
CleanSpark, Inc. is a bitcoin mining company that independently owns and operates data centers across the US, with locations in Georgia, Mississippi, Tennessee, and Wyoming.
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This article is originally published at Insider Monkey.