12 Best Bitcoin Stocks To Buy According To Billionaires

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5. CleanSpark, Inc. (NASDAQ:CLSK)

Number of Billionaire Investors: 7

CleanSpark, Inc. (NASDAQ:CLSK), a bitcoin mining company based in Henderson, Nevada, operates data centers across the Americas. On March 10, the company announced its inclusion in the market’s SmallCap Index, highlighting its continued profitability despite market challenges following the April 2024 halving. CleanSpark’s stock will officially be added to the index on March 24.

In the first quarter of fiscal year 2025, CleanSpark, Inc. (NASDAQ:CLSK) reported a revenue of $162.3 million, marking a 120% increase from the previous year. The company ended the quarter with a net income of $246.8 million, or $0.85 per basic share, while adjusted EBITDA rose to $321.6 million. This strong performance was fueled by Bitcoin’s price surge, an efficient mining operation, a disciplined capital strategy, and a long-term belief in Bitcoin as a strategic asset. CleanSpark’s total assets stood at nearly $2.8 billion, with almost half held in liquid form as cash and bitcoin.

On February 8, following CleanSpark, Inc. (NASDAQ:CLSK)’s first quarter earnings report, senior crypto analyst Mike Colonnese of H.C. Wainwright & Co. reaffirmed the company as the firm’s top investment choice. It is one of the best Bitcoin stocks to invest in.

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