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 as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

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