Stock Market Today, Jan. 14: CleanSpark Shares Jump After Texas Land Deal for AI Data Center Expansion

CleanSpark (NASDAQ:CLSK), Bitcoin mining and AI infrastructure operator, closed Wednesday’s session at $13.34, up 6.29%. CleanSpark IPO'd in 2016 and has fallen 87% since going public. Trading volume reached 59.7 million shares, which is approximately 89% above its three-month average of 31.5 million shares. Wednesday’s action reflected investors reacting to CleanSpark’s latest Texas land purchase for AI data centers and a fresh analyst upgrade, and they are now watching how quickly new capacity converts into revenue.The S&P 500 slipped 0.51% to 6,928, while the Nasdaq Composite fell 1.00% to 23,472. Among Bitcoin mining and energy technology solutions, industry peers Mara Holdings and Riot Platforms gained 1.46% and 3.34%, suggesting investors are rewarding miners pursuing larger-scale compute and power infrastructure.Yesterday, Northland Capital Markets named CleanSpark a "strong buy" with a price target of $22.50 -- implying roughly 80% upside. The firm cited "abundant opportunities" for CleanSpark to expand into the high-performance computing (HPC) and AI data center infrastructure niche -- diversifying away from its sole status as a Bitcoin miner.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool