CleanSpark's Attractive Valuation And Bitcoin Stack Makes It A Buy, Analyst Says
1. Needham analyst initiated coverage on CLSK with a Buy rating at $20.00. 2. CLSK is the second-largest bitcoin miner by hash rate. 3. CLSK has the lowest General & Administrative costs per EH in its universe. 4. The firm's strong balance sheet includes $660 million in net cash plus BTC. 5. CLSK may unlock over 5% returns on ~10,000 BTC holdings by 2025.