Jim Cramer on CleanSpark: "You Can Speculate With It"

CleanSpark, Inc. (NASDAQ:CLSK) is one of the stocks Jim Cramer reflected on. When a caller inquired about the stock, Cramer made a positive comment about it but noted that it is still speculative. He said:

“Okay, alright, CleanSpark is another one of these stocks that, I mean, frankly, I didn’t even know JPMorgan followed that one. I’m not so sure they do. It’s another one of those stocks that one headline is going to roll. So, I now say it’s okay to have a speculative, look, you can speculate with it as long as you understand that it’s speculation and nothing more.”

CleanSpark (NASDAQ:CLSK) operates as a bitcoin mining company and owns data centers that support the Bitcoin network. The company reached its mid-year goal of 50 EH/s in operational hashrate in June 2025, becoming the first Bitcoin miner to achieve this through fully self-operated infrastructure. The milestone reflects a 9.6% monthly increase and improved energy efficiency. The company’s CEO commented:

“I want to express my gratitude to our team, especially our COO Scott Garrison and CTO Taylor Monnig, for their grit and leadership. Under their direction, the tireless efforts of our operations and technology teams resulted in the addition of over 10 EH/s of capacity across four states to achieve the ambitious target. With the talent, infrastructure and power contracts in place, CleanSpark is well-positioned to continue scaling.”

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