CleanSpark assumed with an Overweight at Cantor Fitzgerald

Cantor Fitzgerald analyst Brett Knoblauch assumed coverage of CleanSpark with an Overweight rating and price target of $27, up from $20. The analyst remains optimistic about the bitcoin mining sector. Bitcoin prices have remained elevated, and at current levels and global network hash rate, every publicly traded bitcoin miner can mine bitcoin profitably, the analyst tells investors in a research note. The firm believes bitcoin miners remain an attractive and leveraged way to play bitcoin. Cantor thinks CleanSpark offers the best growth story in the group. The company’s biggest differentiator at present is its combination of scale, liquidity, and fleet efficiency, says Cantor.