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.

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