This post was originally published on this site.
CleanSpark Inc. (NASDAQ:CLSK) is one of the 13 High-Risk High-Reward Growth Stocks to Invest In.
On February 9, Clear Street trimmed its target price on CleanSpark by 18.5% to $22 (from $27) but retained its Buy recommendation on the stock. The firm likes CLSK fundamentally, citing positive trends in high-performance compute demand. However, the recent slide in Bitcoin prices offset this positive sentiment.
This target price update comes right after CleanSpark released its Q1-FY2026 financial results on February 5 and its January 2026 operational metrics on February 4. The release showed Q1-FY2026 revenues growing 11.6% YoY to $162.3 million. As for the operational metrics, the company mined 1,821 units of Bitcoin, of which it sold 1,732 for total proceeds of $168.4 million (at an average price of $97,205).
Despite revenue growth, net income for the quarter swung to a loss of $378.7 million (vs. $246.8 million in Q1-FY2025), driven by mark-to-market losses on the company’s Bitcoin holdings (as of 31 December 2025, CLSK held 13,099 units of Bitcoin worth $1.15 billion). For reference, Bitcoin prices fell 23.3% to $87,509 (from $114,056) from 30 September to 31 December 2025.
CleanSpark Inc. (NASDAQ:CLSK) is a Bitcoin mining company with exposure to the data center industry. The company is based in Henderson, Nevada, and was founded in October 1987 by S. Matthew Schultz and Bryan Huber.
While we acknowledge the potential of CLSK as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 12 Best Cheap Stocks to Buy Right Now and Cathie Wood’s Stock Portfolio: Top 10 Stocks to Buy.
Disclosure: None. This article is originally published at Insider Monkey.