{"id":20257,"date":"2023-04-11T19:00:06","date_gmt":"2023-04-11T19:00:06","guid":{"rendered":"https:\/\/coingrafter.com\/index.php\/2023\/04\/11\/bitcoin-miner-stock-cleanspark-has-upside-to-12-analyst-say\/"},"modified":"2023-04-11T19:00:06","modified_gmt":"2023-04-11T19:00:06","slug":"bitcoin-miner-stock-cleanspark-has-upside-to-12-analyst-say","status":"publish","type":"post","link":"https:\/\/coingrafter.com\/index.php\/2023\/04\/11\/bitcoin-miner-stock-cleanspark-has-upside-to-12-analyst-say\/","title":{"rendered":"Bitcoin miner stock CleanSpark has upside to $12, analyst say"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/04\/Xd-YLIbM-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/04\/Xd-YLIbM-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/04\/Xd-YLIbM-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/04\/Xd-YLIbM-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2023\/04\/Xd-YLIbM.jpg\" alt=\"buy bitcoin miner stock cleanspark h.c. wainwright\" width=\"100%\" height=\"100%\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li>H.C. Wainwright reiterates CleanSpark Inc its high decide for 2023.<\/li>\n<li>Analyst Mike Colonnese defined why in a analysis notice as we speak.<\/li>\n<li>CleanSpark stock is already up greater than 50% for the yr.<\/li>\n<\/ul>\n<p>Shares of CleanSpark Inc (NASDAQ: CLSK) are up practically 15% this morning after an H.C. Wainwright analyst named the bitcoin miner his high decide for 2023.<\/p>\n<h2>CleanSpark stock might quadruple from right here<\/h2>\n<p>On Tuesday, Mike Colonnese reiterated his \u201cbuy\u201d score on the crypto firm and mentioned its shares might climb to $12 \u2013 a couple of 300% upside from right here.<\/p>\n<p>The bullish name on Clean Spark stock arrives solely hours after it <a href=\"https:\/\/www.coindesk.com\/business\/2023\/04\/11\/cleanspark-buys-1449m-of-bitcoin-mining-rigs-to-double-its-hashrate\/?outputType=amp\" target=\"_blank\" rel=\"noopener\">revealed<\/a> to have purchased 45,000 new Antminer S19 XPs from Bitmain for about $145 million.<\/p>\n<blockquote>\n<p>CLSK secured machines for a really enticing $23\/TH, the bottom we\u2019ve seen for these rigs, and 12% beneath the going price for top effectivity ASICs primarily based on Luxor\u2019s Bitcoin ASIC Price Index.<\/p>\n<\/blockquote>\n<p>With this buy, the analyst added, CleanSpark can be ready to enhance its hash price to 16 EH\/s in step with the corporate\u2019s year-end goal.<\/p>\n<h2>CleanSpark stock is considerably undervalued<\/h2>\n<p>CleanSpark is anticipated to report its Q2 monetary outcomes subsequent month. Consensus is for it to lose 37 cents a share this quarter versus 5 cents of EPS a yr in the past.<\/p>\n<p>For the yr, CleanSpark stock is up greater than 50% at writing. Still, Colonnese is satisfied that it\u2019s considerably undervalued. His <a href=\"https:\/\/hcwco.bluematrix.com\/sellside\/EmailDocViewer?encrypt=a087daff-366c-4907-80b9-5ca0a62636f7&amp;mime=pdf&amp;co=Hcwco&amp;id=jayson.derrick@investoogroup.com&amp;source=mail\" target=\"_blank\" rel=\"noopener\">research note<\/a> reads:<\/p>\n<blockquote>\n<p>It\u2019s buying and selling at 46% low cost to friends on market cap to deployed hash price, which we view as unwarranted. Today\u2019s announcement ought to give traders extra visibility and conviction into CLSK.<\/p>\n<\/blockquote>\n<p>In phrases of fleet effectivity, CleanSpark is forward of everybody else within the trade following as we speak\u2019s cope with Bitmain, the analyst concluded.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this text<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/buy-bitcoin-miner-stock-cleanspark-h-c-wainwright\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] H.C. Wainwright reiterates CleanSpark Inc its high decide for 2023. Analyst Mike Colonnese defined why in a analysis notice as we speak. CleanSpark stock is already up greater than 50% for the yr. Shares of CleanSpark Inc (NASDAQ: CLSK) are up practically 15% this morning after an H.C. Wainwright analyst named the bitcoin miner [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":20259,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ocean_post_layout":"","ocean_both_sidebars_style":"","ocean_both_sidebars_content_width":0,"ocean_both_sidebars_sidebars_width":0,"ocean_sidebar":"","ocean_second_sidebar":"","ocean_disable_margins":"enable","ocean_add_body_class":"","ocean_shortcode_before_top_bar":"","ocean_shortcode_after_top_bar":"","ocean_shortcode_before_header":"","ocean_shortcode_after_header":"","ocean_has_shortcode":"","ocean_shortcode_after_title":"","ocean_shortcode_before_footer_widgets":"","ocean_shortcode_after_footer_widgets":"","ocean_shortcode_before_footer_bottom":"","ocean_shortcode_after_footer_bottom":"","ocean_display_top_bar":"default","ocean_display_header":"default","ocean_header_style":"","ocean_center_header_left_menu":"","ocean_custom_header_template":"","ocean_custom_logo":0,"ocean_custom_retina_logo":0,"ocean_custom_logo_max_width":0,"ocean_custom_logo_tablet_max_width":0,"ocean_custom_logo_mobile_max_width":0,"ocean_custom_logo_max_height":0,"ocean_custom_logo_tablet_max_height":0,"ocean_custom_logo_mobile_max_height":0,"ocean_header_custom_menu":"","ocean_menu_typo_font_family":"","ocean_menu_typo_font_subset":"","ocean_menu_typo_font_size":0,"ocean_menu_typo_font_size_tablet":0,"ocean_menu_typo_font_size_mobile":0,"ocean_menu_typo_font_size_unit":"px","ocean_menu_typo_font_weight":"","ocean_menu_typo_font_weight_tablet":"","ocean_menu_typo_font_weight_mobile":"","ocean_menu_typo_transform":"","ocean_menu_typo_transform_tablet":"","ocean_menu_typo_transform_mobile":"","ocean_menu_typo_line_height":0,"ocean_menu_typo_line_height_tablet":0,"ocean_menu_typo_line_height_mobile":0,"ocean_menu_typo_line_height_unit":"","ocean_menu_typo_spacing":0,"ocean_menu_typo_spacing_tablet":0,"ocean_menu_typo_spacing_mobile":0,"ocean_menu_typo_spacing_unit":"","ocean_menu_link_color":"","ocean_menu_link_color_hover":"","ocean_menu_link_color_active":"","ocean_menu_link_background":"","ocean_menu_link_hover_background":"","ocean_menu_link_active_background":"","ocean_menu_social_links_bg":"","ocean_menu_social_hover_links_bg":"","ocean_menu_social_links_color":"","ocean_menu_social_hover_links_color":"","ocean_disable_title":"default","ocean_disable_heading":"default","ocean_post_title":"","ocean_post_subheading":"","ocean_post_title_style":"","ocean_post_title_background_color":"","ocean_post_title_background":0,"ocean_post_title_bg_image_position":"","ocean_post_title_bg_image_attachment":"","ocean_post_title_bg_image_repeat":"","ocean_post_title_bg_image_size":"","ocean_post_title_height":0,"ocean_post_title_bg_overlay":0.5,"ocean_post_title_bg_overlay_color":"","ocean_disable_breadcrumbs":"default","ocean_breadcrumbs_color":"","ocean_breadcrumbs_separator_color":"","ocean_breadcrumbs_links_color":"","ocean_breadcrumbs_links_hover_color":"","ocean_display_footer_widgets":"default","ocean_display_footer_bottom":"default","ocean_custom_footer_template":"","ocean_post_oembed":"","ocean_post_self_hosted_media":"","ocean_post_video_embed":"","ocean_link_format":"","ocean_link_format_target":"self","ocean_quote_format":"","ocean_quote_format_link":"post","ocean_gallery_link_images":"on","ocean_gallery_id":[],"footnotes":""},"categories":[4],"tags":[551,20,6536,659,1388,1821],"class_list":["post-20257","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market","tag-analyst","tag-bitcoin","tag-cleanspark","tag-miner","tag-stock","tag-upside","entry","has-media","owp-thumbs-layout-horizontal","owp-btn-normal","owp-tabs-layout-horizontal","has-no-thumbnails","has-product-nav"],"_links":{"self":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/20257","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/comments?post=20257"}],"version-history":[{"count":1,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/20257\/revisions"}],"predecessor-version":[{"id":20258,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/20257\/revisions\/20258"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/media\/20259"}],"wp:attachment":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/media?parent=20257"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/categories?post=20257"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/tags?post=20257"}],"curies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