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

ClearStreet analyst Owen Lau upgraded shares of Bullish (BLSH) to Buy from Hold, citing the company’s expanding market share and product offerings in the crypto exchange space. Bullish’s share of the global crypto spot trading market surged from 2.1% to 3.7% in November, bolstered by a 70% increase in trading volume from the previous quarter. With its recent launch of options trading and operations in the U.S. after securing a BitLicense, Bullish aims to enhance liquidity for both retail and institutional traders. Despite a 21% drop in stock value, Lau described the sell-off as excessive, attributing it to broader market uncertainties. He forecasted Bullish’s revenue growth at 25% annually through 2027, outperforming Coinbase’s projected growth of 14%. Lau also noted that the recent stabilization in the U.S. government could improve investor sentiment, although risks from rising interest rates and competition persist.

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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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