BUZZ-Bitcoin miner CleanSpark falls after H.C. Wainwright cuts PT

Reuters
11/26
BUZZ-Bitcoin miner <a href="https://laohu8.com/S/CLSK">CleanSpark</a> falls after H.C. Wainwright cuts PT

** Shares of bitcoin miner CleanSpark CLSK.O fall 2% to $11.58 premarket

** H.C. Wainwright cuts PT on CLSK to $27 from $30, trims FY26 revenue estimate

** Cites slower ramp in CLSK's hash rate and lower average BTC prices for the year than forecast

** Hash rate refers to the computational power used to solve crypto puzzles; slower ramp reduces company's ability to solve the blocks faster

** Brokerage reiterates "buy" rating

** Twelve of 13 brokerages rate the stock "buy" or higher and one "hold"; median PT is $25 - data compiled by LSEG

** Shares up 28.34% YTD, up to last close

(Reporting by Utkarsh Tushar Hathi)

((utkarshtushar.hathi@thomsonreuters.com))

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