With significant hedge fund interest, CleanSpark, Inc. (NASDAQ:CLSK) secures a spot on our list of the 12 most promising blockchain and crypto mining stocks according to hedge funds.
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On October 13, 2025, BTIG raised its price target on CleanSpark, Inc. (NASDAQ:CLSK) from $22 to $26, maintaining a “Buy” rating.
The revised target comes after CleanSpark Inc.’s (NASDAQ:CLSK) recent major capacity expansion, which increased its hash rate to 50 EH/s. This represents roughly 80% growth year-to-date. The company’s strategic focus has historically been placed on owning and scaling its mining infrastructure. This focus has resulted in strong revenue growth and balance sheet health for the company.
Furthermore, BTIG sees CleanSpark, Inc. (NASDAQ:CLSK) diversifying into high-performance computing (HPC) colocation, which will be enabled through its growing data center network. It also identified the company’s potential to adopt hybrid models where power allocation shifts between HPC workloads and Bitcoin mining based on demand.
Looking ahead, CleanSpark, Inc. (NASDAQ:CLSK)’s ongoing expansion across U.S. sites positions it well to capitalize on both crypto and AI-driven computing opportunities in the coming quarters.
CleanSpark, Inc. (NASDAQ:CLSK), a bitcoin mining and digital infrastructure company, operates across the Americas. It owns and manages data centers that support both blockchain operations and emerging compute applications.
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