CleanSpark expansion into HPC infrastructure a catalyst, says Clear Street

Clear Street says CleanSpark’s (CLSK) formal announcement of an expansion into high performance computing data center infrastructure “comes as no surprise” to the firm and marks “the initiation of a catalyst we’ve been calling out for several weeks.” After having visited the company’s Sandersville and Jackson sites, the firm notes that it previously highlighted that CleanSpark was well positioned to expand into HPC given its strong execution, low-cost power base, and balance-sheet flexibility. Clear Street maintains a $30 price target and Buy rating on CleanSpark shares.