10 Most Undervalued Bitcoin Mining Stocks to Buy Now

7. CleanSpark, Inc. (NASDAQ:CLSK)

Analyst Upside: 176.04%

Number of Hedge Fund Holders: 27

CleanSpark, Inc. (NASDAQ:CLSK) is a bitcoin mining company that independently owns and operates data centers across the US, with locations in Georgia, Mississippi, Tennessee and Wyoming. It operates approximately 188,500 bitcoin mining machines, with a hash rate capacity of approximately 27.6 EH/s and a fleetwide efficiency of 21.94 joules per terahash (J/TH). CleanSpark, Inc. (NASDAQ:CLSK) has a range of subsidiaries, including ATL Data Centers LLC, CleanBlok, Inc., CleanSpark DW, LLC, CleanSpark GLP, LLC, and more.

The company boasts a broad portfolio strategy that includes 31 mining facilities across four states, with strategically selected locations expected to support its expansion. It is positioned to mine more bitcoin profitably due to the expansion of its operations, reaching 50 exahash by the first half of 2025 without relying on equity to fund the growth.

CleanSpark, Inc. (NASDAQ:CLSK) reported $162.3 million in revenue in fiscal Q1 2025, representing 120% growth compared to the same period last year. It closed the quarter with a net income of $246.8 million, while its adjusted EBITDA grew to $321.6 million, setting a new benchmark for the industry. This growth was attributed to bitcoin’s price appreciation during the quarter, the company’s smooth bitcoin mining operations, a disciplined capital strategy, and its long-term view of Bitcoin as a strategic asset.