Wall Street Bullish on CleanSpark, Inc (CLSK)

CleanSpark, Inc. (NASDAQ:CLSK) is one of the Best Performing Long Term Stocks According to Analysts. Wall Street is bullish on CleanSpark, Inc. (NASDAQ:CLSK) since the company released its fiscal third quarter results for 2025. The stock has gained more than 27% since the announcement on August 7, 2025.

CleanSpark, Inc. (NASDAQ:CLSK) delivered $198.64 million in revenue, up 90.81% year-over-year but fell short of the consensus by $1.7 million. However, the EPS of $0.78 exceeded the consensus by $0.28. Management noted achieving an operational hashrate milestone of 50 exaha shes per second (EH/s) in June 2025, making it the first public Bitcoin miner to reach this scale using exclusively American infrastructure.

Moreover, the company holds 12,703 bitcoins in its treasury, valued at over $1 billion, and has contracted more than 1 gigawatt of power capacity to sustain mining operations efficiently.

Following the update several analysts have expressed bullish sentiment on the stock. Earlier on August 8, John Todaro from Needham reiterated a Buy rating on CleanSpark, Inc. (NASDAQ:CLSK) with a price target of $21. More recently, James Mcllree from Chardan Capital also reiterated a Buy rating on the stock with a price target of $20.

CleanSpark, Inc. (NASDAQ:CLSK) is a vertically integrated Bitcoin mining company that owns and operates data centers across multiple US states, including Georgia, Mississippi, Tennessee, and Wyoming.

While we acknowledge the potential of CLSK to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than CLSK and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.