CleanSpark (CLSK) Rockets 18% on Bullish Analyst Coverage

Core Insights - CleanSpark, Inc. (NASDAQ:CLSK) experienced a significant stock surge of 17.99% on Monday, closing at $11.48, following a bullish rating upgrade from an investment firm [1][2]. Group 1: Stock Performance - The investment firm upgraded CleanSpark's rating from "neutral" to "overweight," setting a price target of $14, indicating a potential upside of 21.9% from its latest closing price [2]. - CleanSpark's stock performance was positively influenced by the company's recent acquisition of a 271-acre land in Austin, Texas, which supports its existing 285 MW power supply agreements with AI companies [2][3]. Group 2: Company Developments - CleanSpark has commenced construction of a new substation to support its digital infrastructure platform, with development planned in phases to accommodate AI workloads [3]. - The company anticipates the energization of over 200 MW in the first half of 2027 [4]. - CleanSpark is scheduled to release its earnings results for the full fiscal year 2025 after market close on November 25 [4].