Cantor Fitzgerald raised the firm’s price target on CleanSpark to $28 from $27 and keeps an Overweight rating on the shares after the company reported a current hashrate of 20.4 EH/s, which the firm notes is a 13.5% month-over-month increase from 17.97 EH/s in May. The firm, which says it continues to believe CleanSpark is “the best growth story across the Bitcoin miner universe,” is increasing its 2024 revenue estimate by 0.2%, driven by a 4.8% increase to its year-end hashrate estimate.
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