10 Best Mid-Cap Growth Stocks to Buy According to Analysts

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1. CleanSpark Inc. (NASDAQ:CLSK)

Upside Potential: 143%

Number of Hedge Funds: 16

CleanSpark Inc. (NASDAQ:CLSK) is a bitcoin mining company that owns and operates a large portfolio of data centers across the United States, with a total contracted power capacity of approximately 853 megawatts (MW) as of December 31, 2024. The company’s competitive edge lies in its ability to optimize energy resources and improve operational efficiency, thereby reducing the marginal cost of mining Bitcoin and enhancing profitability. Its strategy also includes holding mined bitcoins on its balance sheet rather than selling them immediately.

CleanSpark Inc. (NASDAQ:CLSK) reported its Q1 2025 (fiscal year ending September 2025) earnings with an impressive 120% year-over-year revenue growth, reaching $162.3 million. Net income was $246.8 million, higher than the quarter’s revenue due to gains on the fair value of bitcoins (amounting to around $218 million) on its balance sheet. At the end of the December quarter, the company held over 10,000 bitcoins on its balance sheet. Additionally, CleanSpark recently raised $650 million through a convertible bond offering, which is expected to fund its target to reach 50 exahash from the current rate of around 40 exahash by the first half of 2025. Exahash is a metric that measures the computational power of a mining operation; a higher exahash rate indicates greater mining power.

While we acknowledge the potential of CLSK to grow, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than CLSK but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap.

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