CleanSpark (CLSK) Moves into AI With Ambitious Expansion Plans

Image for article CleanSpark (CLSK) Moves into AI With Ambitious Expansion Plans
News Source : Yahoo Entertainment

News Summary

  • CleanSpark, Inc. (NASDAQ:CLSK) reported its third-quarter results, in which it delivered revenue of $766.3 million, an impressive 102% increase from last year.
  • The company achieved a net income of $364.5 million, a strong rebound from the previous year’s net loss.
  • Looking ahead, the company will focus on developing AI data center capabilities while winning new tenants for sites in Sandersville, Georgia, and Texas.
  • JPMorgan upgraded CleanSpark to Overweight from Neutral, with an unchanged $14 price target on November 24.
CleanSpark, Inc. (NASDAQCLSK) is among the best US stocks to buy under $20. On November 25, CleanSpark, Inc. (NASDAQCLSK) reported its thirdquarter results, in which it delivered revenue of $766.3 [+2092 chars]

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