The analyst repeats clean strict as “Top Pick” after the report in K1

Mike Colonneze, older crypto analyst at HC Vainvright & Co., reiterated CLEANSPARK as a top choice of firm after the report on the first quarter of the company.

Bitcoin mining Cleanspark reported its first quarter results on Thursday, publishing 82% quarter-trimester increase in revenues to 162.3 million dollars. The company has benefited from 33% increase in bitcoin (Btc) Production and 37% increase in the average bitcoin prices.

During the quarter, Cleanspark produced 1,945 BTC, compared to 1,465 BTC in the previous quarter. Its arranged assessment of the HASH also skipped 41.7% a quarter and 39.1 eh / s.

In research note, colonies stated that the previous goal of Cleanspark was reaching 50 eh / s to June achievable. He also estimated that the company has $ 1.3 billion in total liquidity between cash and bitcoin, and at the same time has less than $ 80 million in the remaining capital costs needed to finance his expansion.

‘The most convincing name’

CLEANSPARK is also HC Vainvright “The most name of the belief” in the Mining Sector Bitcoin. Analyst expects the company’s management will soon provide a calendar-final look, with performance probably to cross current guidance.

The report described clean strict as “one of the largest and last other miners of pure playing Bitcoin in the industry, aided by the” best “team of the” best “managerial team.

HC Vainvright maintained the purchase rating in the CLEANSPARK stock, with the unchanged price goals of $ 27. This assessment is based on multiple multiple multiple levels of companies that uses $ 2025 million income in the amount of 961.2 million dollars.