10 Best Bitcoin and Blockchain Stocks To Buy Right Now

8. CleanSpark, Inc. (NASDAQ:CLSK)

Number of Hedge Fund Holders: 16

CleanSpark, Inc. (NASDAQ:CLSK) develops infrastructure for Bitcoin. The Bitcoin miner owns and operates multiple data centers that primarily run on low-carbon power. The firm uses a sustainable energy mix comprising nuclear, hydroelectric, solar, and wind to mine Bitcoin in a responsible manner.

The firm remains focused solely on bitcoin mining as other miners are exploring AI infrastructure and believes this focus positions it well for delivering long-term value. The firm has sustained its growth trajectory and recently closed a strong year which solidified its position as one of the top Bitcoin miners in the world. For the fiscal year ended September 30, CleanSpark, Inc. (NASDAQ:CLSK) witnessed a revenue growth of 125% year over year. The firm encountered the fourth halving event in Bitcoin’s history more successfully as compared to many of its industry peers.

In the month of November, CleanSpark, Inc. (NASDAQ:CLSK) mined 622 bitcoin and achieved daily production high of over 21 bitcoin. The firm is making ample efforts to achieve its year-end hashrate goal of 37 EH/s. While two turnkey bitcoin mining sites near Clinton have been completed, the firm anticipates expansion projects in Tennessee to go live soon.