CleanSpark, Inc. (NASDAQ:CLSK) is one of the Double Digit Gains: 10 Stocks Soaring Like Crazy.
CleanSpark extended its winning streak to a third consecutive day on July 2nd, jumping 12.64 percent to close at $12.48 apiece amid a flurry of positive developments, including a "buy" recommendation for its stock.
In its market note earlier this week, B. Riley gave a “buy” recommendation and a $16 price target on CleanSpark, Inc.’s (NASDAQ:CLSK) stock. The figure represented a 28-percent upside from its latest closing price.
The rating adjustment was buoyed by the achievement of its hash rate target of 50 EH/s on June 24, ahead of the original June 30 schedule.
Meanwhile, leaders in Mountain City have approved a rezoning request that could pave the way for the establishment of a Bitcoin mining facility.
With a 3-1 vote, the Mountain City Board of Mayor and Aldermen reportedly approved the rezoning request on a 50-acre site.
CleanSpark, Inc. (NASDAQ:CLSK) plans to construct a 30-megawatt Bitcoin mining facility in Mountain City.
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READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.
Disclosure: None. This article is originally published at Insider Monkey.
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