CleanSpark, Inc. (NASDAQ:CLSK) Maintains "Buy" Rating Amid Fiscal Year 2025 Results

Core Viewpoint - CleanSpark, Inc. continues to receive a "Buy" rating from B. Riley, despite a lowered price target from $25 to $22, while the stock price is currently at $12.49 [1][6] Financial Performance - CleanSpark reported earnings of $1.12 per share for fiscal year 2025, missing the Zacks Consensus Estimate of $1.45, but showing improvement from a loss of $0.69 per share in the previous fiscal year [2] - The company's revenues surged by 102.2% year over year, reaching $766.3 million, driven by increased Bitcoin production and higher average revenue per coin, although it fell short of the consensus estimate of $783.9 million [3][4] - CleanSpark achieved an operating income of $318 million and an adjusted EBITDA of $823.4 million, indicating improved margins despite not meeting market expectations [4] Stock Performance - Following the fiscal results, CleanSpark's stock experienced a 3.4% decline in extended trading [2] - The current stock price is $12.84, reflecting an increase of approximately 8.59% or $1.02, with fluctuations between a low of $12.10 and a high of $12.98 on the same day [5] - Over the past year, the stock has reached a high of $23.61 and a low of $6.45, with a market capitalization of approximately $3.62 billion and a trading volume of 15.79 million shares on NASDAQ [5]