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Bullish (BLSH) Upgraded to Buy by ClearStreet as Exchange Gains Market Share, Expands Into U.S.

ClearStreet analyst Owen Lau has upgraded Bullish (BLSH) to Buy from Hold, citing the exchange’s growing market share and expansion into the U.S. market via a BitLicense. Bullish's share of the global crypto spot trading market surged from 2.1% to 3.7% between Q3 and November, with monthly trading volume increasing by 70%. Despite a recent stock decline of 21%, Lau believes the decline is excessive. He attributes this to external pressures rather than the company's fundamentals, which remain robust. Bullish recently introduced an options trading platform and aims to expand recurring revenue significantly. Lau has lowered his price target slightly from $60 to $57, but predicts strong revenue growth for the company in the coming years, outpacing that of competitors like Coinbase. He notes that though challenges such as rising interest rates and competitive pressures exist, the fundamentals in blockchain technology remain strong, especially after insights gained from recent industry conferences.

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Bitcoin Miner CleanSpark Extends Stock Slump After Upsizing Notes Offering to $1.15 Billion

Bitcoin mining company CleanSpark has increased its convertible notes offering from $1 billion to $1.15 billion, aiming to raise over $1 billion for various corporate purposes. The company plans to allocate approximately $460 million to repurchase its own shares from note investors at a price of $15.03 per

Bitcoin Miner CleanSpark Extends Stock Slump After Upsizing Notes Offering to $1.15 Billion

Bitcoin miner CleanSpark announced an upsized convertible notes offering of $1.15 billion, an increase from the initial $1 billion. The company plans to use approximately $460 million from the offering to buy back its own stock at a price of $15.03 per share from note investors. Following these

Bitcoin Miner CleanSpark Extends Stock Slump After Upsizing Notes Offering to $1.15 Billion

CleanSpark, a Bitcoin mining company, has increased its convertible notes offering from $1 billion to $1.15 billion, leading to a continued decline in its stock price. After initially announcing the offering, which includes a potential additional $150 million in shares, CleanSpark's stock, CLSK, fell nearly 8%, extending

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