CleanSpark Faces Analyst Downgrades Amid Texas Regulatory Uncertainty
CleanSpark shares declined following analyst price-target cuts and downgrades linked to potential regulatory hurdles for data center projects in Texas.
Stocks · News reference
B. Riley Securities has lowered its price target for CleanSpark, Inc. while maintaining a Buy rating on the stock.
Reference Details
Poisar stores the source's headline, summary and market tags for reference. Reporting and full article text remain with the original publisher.
Keep reading
CleanSpark shares declined following analyst price-target cuts and downgrades linked to potential regulatory hurdles for data center projects in Texas.
Bernstein maintained an 'Outperform' rating on CleanSpark but reduced its price target from $24 to $11 on November 4, 2026.
Investment firm Keefe Bruyette & Woods has downgraded CleanSpark, Inc. from Outperform to Market Perform.
CleanSpark CEO Matt Schultz clarified the company's strategic shift, emphasizing the use of Bitcoin mining as a tool to secure large power loads and utilizing Bitcoin holdings as a capital asset.
Analyst firm KBW has maintained its buy rating on CleanSpark, Inc. while significantly lowering its price target for the company's stock.
CleanSpark shares fell approximately 6% on October 30, 2026, as part of a broader market selloff in cryptocurrency-linked stocks following a reported $6.3 billion security breach at Binance.