Why Is CleanSpark, Inc. (CLSK) Among the Hottest Mid-Cap Stocks So Far in 2025?

We recently compiled a list of the 10 Hottest Mid-Cap Stocks So Far in 2025. In this article, we are going to take a look at where CleanSpark, Inc. (NASDAQ:CLSK) stands against the other mid-cap stocks.

If you’ve been fixated on the usual suspects in the S&P 500, you might be missing out on some solid action. Many mid-cap stocks have been delivering stellar gains in the first few weeks of this month, and there’s a good chance the momentum will stick around.

We believe they’ll prove to be more nimble than the large-cap stocks. It’s worth looking at them because they are comparatively trading at more attractive valuations and they also strike the sweet spot between the stability of large caps and the growth potential of small caps.

The S&P MidCap 400 index has outpaced the S&P 500 index year-to-date. It’s not just a flash in the pan, either. Historically, mid-caps have outperformed both their larger and smaller counterparts in 55% of rolling five-year periods since 1983. As such, it’s worth looking deeper into each top mid-cap performer.

We’ve screened the top mid-cap stocks trading in U.S. exchanges by their year-to-date gains.

A hall of server racks, illuminated by blue LED lights and humming with energy.

CleanSpark, Inc. (NASDAQ:CLSK)

• YTD Performance: 25.6%

CleanSpark (NASDAQ:CLSK) is a pure-play Bitcoin miner. As I said before, Bitcoin miners are quite unpredictable and are for people who are fine with making very high-risk, high-reward bets.

CleanSpark’s annual revenues came in at $378.9 million for fiscal 2024. Of course, revenue alone doesn’t tell the whole story. Their net loss was at $145.8 million for the year, but adjusted EBITDA rose to $245.8 million from $25 million in the prior fiscal year.

In addition, CEO Zach Bradford said their growth strategy set them up nicely in a market that’s becoming more bullish on Bitcoin — he specifically said they’ve been on a “sustained growth trajectory.”

All things considered, if Bitcoin continues climbing, expect CLSK to do the same. If the reverse happens, it could end up in a disaster.

Overall CLSK ranks 7th on our list of the hottest mid-cap stocks so far in 2025. While we acknowledge the potential of CLSK as an investment, our conviction lies in the belief that some 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 thecheapest AI stock.

READ NEXT: 10 Hottest Mega-Cap Stocks So Far in 2025 and 10 Hottest Large-Cap Stocks So Far in 2025

Disclosure: None. This article is originally published at Insider Monkey.