Cleanspark Inc. (NASDAQ: CLSK) is a top bitcoin mining stock recommended by Hedge Funds. Analysts predict a 113% upside potential with a $24.30 price target. The company mined 587 bitcoins in November and expanded contracted power by 11%.

Analyst Gregory Lewis reiterated a Buy rating on CLSK with a $26 price target. CEO Matt Schultz highlighted the company’s achievements in expanding contracted power and successful financial offerings. Cleanspark, known as “America’s Bitcoin Miner,” is shifting focus to high-performance computing and AI.

While CLSK shows promise, other AI stocks may offer higher potential with lower risk. Investors can explore opportunities in the AI sector. Cleanspark’s strategic shift to AI and high-performance computing aligns with market trends. The company aims to leverage its existing infrastructure for future growth and innovation.

Read more at Yahoo Finance: Why is Cleanspark Inc. (CLSK) Labeled as “America’s Bitcoin Miner”