CleanSpark Is A High Conviction Name In Bitcoin Mining Sector: Analyst
1. CleanSpark's Q1 revenue of $162.3 million surpasses estimates of $150.87 million. 2. Analyst maintains 'Buy' rating with a price target of $27 for CLSK. 3. Company's hashrate exceeds 40 EH/s, targeting 50 EH/s by mid-2025. 4. Analyst raises 2025 adjusted EBITDA forecast to $663.2 million, up from $411.2 million. 5. Risks include Bitcoin price volatility and potential shareholder dilution.