12 Crypto Stocks with the Biggest Upside Potential

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2. CleanSpark, Inc. (NASDAQ:CLSK)

Analyst Upside: 100.32%

CleanSpark, Inc. (NASDAQ:CLSK) is a Bitcoin mining company that independently owns and operates data centers in Mississippi, Georgia, Tennessee, New York, and Wyoming. The company is benefiting from a sustained growth trajectory, as reflected by its financial performance for fiscal 2024. It generated more than $378.9 million in revenue, up from $164.8 million reported in fiscal 2023. This translates to a 125% year-over-year growth.

Since last year, the company has added more than 425 megawatts to its operational power capacity, bringing its total portfolio to over 726 megawatts as of fiscal Q4 2024. CleanSpark, Inc. (NASDAQ:CLSK) also attained a three-fold increase in its total hash rate, which now stands at more than 33 exahash per second. It is on the path to attaining its goal of 37 exahash per second.

This growth is attributed to the company’s track record of execution and focus on delivering its commitments. CleanSpark, Inc. (NASDAQ:CLSK) plans to exceed 1 gigawatt of contracted capacity across its portfolio and is equipped to continue delivering its commitments in 2025 as well.

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