CleanSpark’s (CLSK) Data Center Pivot Brings An Outperform Rating From Wall Street

Jabran Kundi

Thu, July 2, 2026 astatine 7:48 AM CDT 2 min read

CleanSpark Inc. (NASDAQ:CLSK) is 1 of the 10 Bitcoin Miners That Are Now Data Center Companies. Gregory P Miller, an expert astatine Citizens JMP, started sum of CleanSpark Inc. (NASDAQ:CLSK) with an Outperform standing connected June 24. The expert assigned a terms people of $27 to the stock. According to the firm, the institution is well-positioned to payment by repurposing its bitcoin mining powerfulness capableness to service hyperscale customers. It besides expects the increasing request for AI and high-performance computing infrastructure to enactment CleanSpark's growth. The banal continues to bask affirmative expert sentiment arsenic Chardan Capital raised its terms people from $15.59 to $19 and reaffirmed a Buy standing connected June 8.

Earlier connected June 4, CLSK released its unaudited operational update. It highlighted stronger mining output and continued enlargement efforts. With the AI tailwind, the institution is actively commercializing its infrastructure portfolio successful Sandersville and Texas. CEO and Chairman Matt Schultz believes that CLSK volition proceed to make its powerfulness pipeline, adhd high-impact endowment crossed the organization, and run astir efficaciously successful bitcoin mining information centers crossed the country. This shows the Bitcoin miner plans to usage businesslike Bitcoin mining arsenic a fiscal engine. During May, the institution produced 671 Bitcoin, taking the 2026 output to 3110 BTC. The operational hashrate reached 50 EH/s with 224470 deployed miners.

CleanSpark Inc. (NASDAQ:CLSK) is simply a Bitcoin mining institution with vulnerability to the information halfway industry. The institution is based successful Henderson, Nevada, and was founded successful October 1987 by S. Matthew Schultz and Bryan Huber.

While we admit the imaginable of CLSK arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you're looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

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