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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 shares of crypto platform Bullish (BLSH) from Hold to Buy, citing the company's growing market share and product expansion, despite a reduced price target of $57 from $60. Bullish's global crypto spot trading market share increased from 2.1% in Q3 to 3.7% in November, primarily taking volume from competitors like Bitget, Bybit, and Gate. The firm launched operations in the U.S., secured a BitLicense, and introduced an options trading platform, aiming to cater to both retail and institutional traders with a robust liquidity framework. Despite a 21% drop in Bullish's stock recently, Lau argues that this sell-off is excessive, attributing weakness in blockchain stocks to macroeconomic concerns and a shifting focus toward AI. He anticipates that Bullish's revenue will grow at a faster pace than Coinbase's in the coming years. Lau also highlights the potential of the U.S. government's reopening to enhance investor sentiment and mentions the Clarity Act as a significant upcoming regulatory development for the crypto industry.

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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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