Bitcoin miner CleanSpark falls after H.C. Wainwright cuts PT
ReutersNov 26, 2025 12:43 PM
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
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