Clear Street Trims Price Target on CleanSpark (CLSK) to $22, as Bitcoin Prices Fall

CleanSpark Inc. (NASDAQ:CLSK) is 1 of the 13 High-Risk High-Reward Growth Stocks to Invest In.

On February 9, Clear Street trimmed its people terms connected CleanSpark by 18.5% to $22 (from $27) but retained its Buy proposal connected the stock. The steadfast likes CLSK fundamentally, citing affirmative trends successful high-performance compute demand. However, the caller descent successful Bitcoin prices offset this affirmative sentiment.

This people terms update comes close aft CleanSpark released its Q1-FY2026 fiscal results connected February 5 and its January 2026 operational metrics connected February 4. The merchandise showed Q1-FY2026 revenues increasing 11.6% YoY to $162.3 million. As for the operational metrics, the institution mined 1,821 units of Bitcoin, of which it sold 1,732 for full proceeds of $168.4 cardinal (at an mean terms of $97,205).

Despite gross growth, nett income for the 4th swung to a nonaccomplishment of $378.7 cardinal (vs. $246.8 cardinal successful Q1-FY2025), driven by mark-to-market losses connected the company’s Bitcoin holdings (as of 31 December 2025, CLSK held 13,099 units of Bitcoin worthy $1.15 billion). For reference, Bitcoin prices fell 23.3% to $87,509 (from $114,056) from 30 September to 31 December 2025.

CleanSpark Inc. (NASDAQ:CLSK) is simply a Bitcoin mining institution with vulnerability to the information halfway industry. The institution is based successful Henderson, Nevada, and was founded successful October 1987 by S. Matthew Schultz and Bryan Huber.

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Disclosure: None. This nonfiction is primitively published astatine Insider Monkey.