
CleanSpark Inc (NASDAQ:CLSK) shares are trading sharply higher Wednesday morning. The stock is trending across social media platforms after B. Riley Securities initiated coverage with a Buy rating and a price target of $16, citing the Bitcoin (CRYPTO: BTC) miner’s clear growth trajectory and focused strategy.
What To Know: The firm highlighted that CleanSpark has successfully met its mid-year operating hash rate target of 50 exahashes per second ahead of schedule, with a new goal of 57 EH/s on the horizon.