CleanSpark, Inc. (NASDAQ: CLSK) saw its stock surge 5.25% during Wednesday's intraday trading session, driven by robust fiscal 2025 earnings, strategic Bitcoin management, and bullish analyst sentiment.
The company reported full-year revenue of $766.3 million, a significant increase from $379 million the previous year, and earnings of $1.25 per share, up from a loss of 69 cents per share. CleanSpark also highlighted its strategic approach to Bitcoin holdings, with CFO Gary Vecchiarelli emphasizing flexibility and monetization of its $1.14 billion Bitcoin treasury.
Analysts reacted positively, with Needham raising its price target to $25 from $23 and maintaining a Buy rating. Other firms, including Chardan Capital and H.C. Wainwright, also reiterated Buy ratings, further fueling investor confidence.