CleanSpark is trading 4.7% down at $6.48 after analyst cuts over Texas regulatory uncertainty.
- A November 5 report said Keefe Bruyette downgraded shares to Market Perform from Outperform, cutting its target to $9.50 from $11.50; Texas uncertainty could delay data-center leases and project agreements.
- Bernstein cut its target to $11 from $24.
- Bitcoin and Ethereum are down 0.97% and 1.73% since the prior close; Nasdaq is down 1.21%, and crypto weakness alone does not match the stock decline.