Aug. 8 at 12:31 PM
$CLSK If the ERCOT issue in Texas were not present, the sector would likely not be under such pressure, and CLSK would probably be trading closer to
$17.
Only Phase 2 of the Brazoria project is currently affected, which makes the extent of the sell-off appear disproportionate. The tenant remains in regular communication with CLSK management and continues to express commitment to progressing the relationship.
Matt also noted increased inbound interest in CLSK’s other sites. Some potential counterparties appeared concerned that the exclusive tenant had already secured the entire portfolio, limiting remaining opportunities.
