CleanSpark Climbs as Bitcoin Strength and Data Center Optimism Support Shares

CleanSpark (CLSK) is up 7.6% today. Here is some analysis on what might have caused this price movement.

Analysis: The move appears tied to a mix of sector strength and continued enthusiasm around CleanSpark’s transition beyond pure bitcoin mining. In the absence of a fresh same-day filing, this could be because higher bitcoin prices lifted mining stocks while investors continued to focus on the company’s large long-term data center lease and funding progress.

Details:

Bitcoin rose roughly 2.8% on the day, which often improves sentiment for miners and other crypto-linked equities.

CleanSpark disclosed in July that it signed a 20-year triple-net lease at its Sandersville, Georgia campus expected to generate about $6.6 billion in contracted revenue over the initial term, giving investors a major non-mining growth story.

In its August quarterly update, the company said the anticipated equity portion of the Sandersville project was fully funded and that long-lead items had been ordered and prepaid, which may have reduced execution concerns.

Recent filings and market data also show analysts maintaining positive ratings and elevated price targets after the Sandersville announcement, helping support momentum even though the latest quarter showed lower revenue and a net loss.

Sources:

CleanSpark Investor Relations, SEC, OpenAI Finance

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$CLSK Insider Trading Activity

$CLSK insiders have traded $CLSK stock on the open market 1 times in the past 6 months. Of those trades, 0 have been purchases and 1 have been sales.

Here’s a breakdown of recent trading of $CLSK stock by insiders over the last 6 months:

TAYLOR MONNIG (CTO, COO) sold 54 shares for an estimated $621

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

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$CLSK Hedge Fund Activity

We have seen 222 institutional investors add shares of $CLSK stock to their portfolio, and 213 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

SITUATIONAL AWARENESS LP added 10,635,739 shares (+648.4%) to their portfolio in Q1 2026, for an estimated $90,510,138
D. E. SHAW & CO., INC. added 8,488,870 shares (+306.3%) to their portfolio in Q2 2026, for an estimated $123,513,058
DIMENSIONAL FUND ADVISORS LP removed 4,455,645 shares (-31.6%) from their portfolio in Q2 2026, for an estimated $64,829,634
POINT72 ASSET MANAGEMENT, L.P. added 4,370,143 shares (+272.5%) to their portfolio in Q2 2026, for an estimated $63,585,580
UBS GROUP AG added 4,239,315 shares (+127.9%) to their portfolio in Q2 2026, for an estimated $61,682,033
MORGAN STANLEY removed 3,697,802 shares (-54.7%) from their portfolio in Q2 2026, for an estimated $53,803,019
SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. added 3,433,180 shares (+inf%) to their portfolio in Q2 2026, for an estimated $49,952,769

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$CLSK Analyst Ratings

Wall Street analysts have issued reports on $CLSK in the last several months. We have seen 2 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

Macquarie issued a "Outperform" rating on 05/13/2026
BTIG issued a "Buy" rating on 05/12/2026

To track analyst ratings and price targets for $CLSK, check out Quiver Quantitative's $CLSK forecast page.

$CLSK Price Targets

Multiple analysts have issued price targets for $CLSK recently. We have seen 8 analysts offer price targets for $CLSK in the last 6 months, with a median target of $20.5.

Here are some recent targets:

James McIlree from Chardan Capital set a target price of $19.0 on 07/08/2026
Greg P. Miller from Citizens set a target price of $27.0 on 06/24/2026
Stephen Glagola from Keefe, Bruyette & Woods set a target price of $16.0 on 05/13/2026
Paul Golding from Macquarie set a target price of $22.0 on 05/13/2026
Matthew Galinko from Maxim Group set a target price of $22.0 on 05/12/2026
Gregory Lewis from BTIG set a target price of $26.0 on 05/12/2026
John Todaro from Needham set a target price of $18.0 on 05/04/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.