CleanSpark initiated with an Outperform at Macquarie

Macquarie initiated coverage of CleanSpark with an Outperform rating and $20 price target. CleanSpark continues to acquire smaller miners opportunistically, while holding on to its sustainability ethos and upscaling tucked-in sites, the analyst tells investors in a research note. The firm likes the company’s “differentiated attributes,” including geography, acquisition strategy, and sustainability.