CleanSpark Inc (NASDAQ:CLSK) shares were down on Tuesday, even after the company reported upbeat fourth-quarter results.

The company reported its results amid an exciting earnings season. Here are some key analyst takeaways.

HC Wainwright On CleanSpark

Analyst Mike Colonnese reiterated a Buy rating and price target of $27.

CleanSpark, a Bitcoin mining company that offers investors “pure-play exposure” to the world’s largest crypto, reported “solid” results for the fourth quarter and fiscal 2024, Colonnese said in a note.

“FY2024 was another strong year of execution for CLSK,” with the company growing total deployed capacity by 187% year-on-year to 27.6 EH/s at the end of September versus an average of around 75% for its peers, the analyst stated. CleanSpark also improved its overall fleet efficiency …

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