CleanSpark Shifts to HPC, Stock Soars
Update: 2025-12-02
Description
CleanSpark, once a Bitcoin miner, is pivoting to high-performance computing (HPC) data centers, a strategic move driven by growing demand for AI and advanced computing infrastructure. JPMorgan upgraded CleanSparks stock to Overweight with a $14 target, reflecting confidence in this new direction. The company is relocating Bitcoin mining operations to remote, cost-effective areas, freeing up prime locations for HPC facilities. CleanSparks stock has surged over 52% YTD, with a recent 50% jump in five sessions, fueled by a Bitcoin rebound, positive fiscal 2025 results, and bullish analyst notes. Despite mixed fiscal 2025 results, the market focused on CleanSparks strategic shift, leading to a significant share rally. Analysts are optimistic about CleanSparks future as an HPC powerhouse, with an extensive power footprint and strategic data center locations.
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