Bitcoin miner CleanSpark 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