CleanSpark, Inc. Warrant (CLSKW)

JP Morgan analyst Reginald L. Smith predicts potential revenue and EBITDA growth for bitcoin mining companies, highlighting varying levels of high-performance computing (HPC) capacity conversion across different firms.

CleanSpark, a Bitcoin mining company, announced its expansion into AI data centers, hiring an experienced executive and targeting Georgia for potential facility conversions. The stock jumped 11% on the news, with a 137% year-to-date gain.

Mara Holdings, formerly Marathon Digital Holdings, is evolving beyond Bitcoin mining by investing in data centers, energy production, and maintaining a significant Bitcoin treasury, offering investors a potentially more stable crypto-related investment.