CleanSpark, Inc. (NASDAQ:CLSK) is one of the top cheap stocks that will go to the moon according to Reddit. On August 8, B. Riley lifted the firm’s price target on CleanSpark, Inc. (NASDAQ:CLSK) to $17 from $16 while keeping a Buy rating on the shares.
A hall of server racks, illuminated by blue LED lights and humming with energy.
The firm told investors that it updated its model for CleanSpark, Inc. (NASDAQ:CLSK) after its fiscal Q3 report was released on August 7.
CleanSpark, Inc. (NASDAQ:CLSK) reported $198.6 million in quarterly revenue, up 91% from the previous year. Net income for Q3 was $257.4 million. Management reported that the company held 12,703 bitcoin in treasury, with more than 1 GW of power under contract.
Zach Bradford, CEO of CleanSpark, Inc. (NASDAQ:CLSK), stated that Q3 2025 marked the “most successful quarter” in the company’s history, supported by its execution discipline.
He added that the company reached 50 EH/s of operational hashrate in June, making CleanSpark, Inc. (NASDAQ:CLSK) the first public company to attain this milestone exclusively with American infrastructure. The company also attained record basic EPS of $0.90, and grew its bitcoin treasury to over $1 billion in value.
CleanSpark, Inc. (NASDAQ:CLSK) is a bitcoin mining company that independently owns and operates data centers across the US, with locations in Georgia, Mississippi, Tennessee, and Wyoming.
CleanSpark, Inc. (NASDAQ:CLSK) has a range of subsidiaries, including ATL Data Centers LLC, CleanBlok, Inc., CleanSpark DW, LLC, CleanSpark GLP, LLC, and more.
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Disclosure: None. This article is originally published at Insider Monkey.
