Bitcoin Mining Stock’s ‘Strong Organic Growth’ Make It A ‘Must-Own,’ Says Bullish Analyst
Posted On September 25, 2024
Shares of CleanSpark Inc (NASDAQ:CLSK) climbed last week as Bitcoin (CRYPTO: BTC) prices rose, following the Federal Reserve’s first interest rate cut in four years.
The company has grown faster than its peers over the past couple of years to become the second-largest public miner by deployed capacity, according to HC Wainwright.
Analyst Mike Colonnese reiterated a Buy rating and price target of $27.
The CleanSpark Thesis: A call with management showcased why the company is a “must-own mining stock” heading into the next stage of Bitcoin’s price cycle, Colonnese said in a note.
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