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CleanSpark shares jump as bitcoin strength and recent production update lift crypto miners

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CleanSpark, Inc. (CLSK) is up 6.4% today. Here is some analysis on what might have caused this price movement.

Analysis: CleanSpark appears to be moving higher alongside strength in bitcoin, which often drives amplified, same-day moves in listed bitcoin miners. The stock may also be benefiting from investor focus on its recently released March operational update, which highlighted higher production and scale metrics.

Details:

  • Bitcoin traded higher during the session, a backdrop that typically supports mining equities because their revenue and treasury values are closely tied to BTC pricing.
  • In its March 2026 operational update, CleanSpark reported mining 658 bitcoin in March and roughly 1,799 bitcoin for the first quarter of 2026.
  • The same update indicated an operational hashrate around 50 EH/s and disclosed a bitcoin balance of 13,561 as of March 31, 2026, reinforcing the company’s scale and treasury position.
  • Broader “risk-on” trading in higher-beta crypto/compute themes has recently boosted performance across AI-exposed bitcoin miners, which can add momentum on up days.
  • Sources:

    CleanSpark Investor Relations, Fortune, CoinShares

    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 Insider Trades

    $CLSK insiders have traded $CLSK stock on the open market 2 times in the past 6 months. Of those trades, 0 have been purchases and 2 have been sales.

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

    • THOMAS LEIGH WOOD sold 85,315 shares for an estimated $997,110
    • AMANDA CAVALERI sold 33,000 shares for an estimated $495,660

    To track insider transactions, check out Quiver Quantitative's insider trading dashboard.

    $CLSK Hedge Fund Activity

    We have seen 201 institutional investors add shares of $CLSK stock to their portfolio, and 159 decrease their positions in their most recent quarter.

    Here are some of the largest recent moves:

    To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

    $CLSK Analyst Ratings

    Wall Street analysts have issued reports on $CLSK in the last several months. We have seen 7 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

    Here are some recent analyst ratings:

    • HC Wainwright & Co. issued a "Buy" rating on 11/26/2025
    • Needham issued a "Buy" rating on 11/26/2025
    • Chardan Capital issued a "Buy" rating on 11/26/2025
    • B. Riley Securities issued a "Buy" rating on 11/26/2025
    • Macquarie issued a "Outperform" rating on 11/26/2025
    • JP Morgan issued a "Overweight" rating on 11/24/2025
    • Bernstein issued a "Outperform" rating on 11/03/2025

    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 10 analysts offer price targets for $CLSK in the last 6 months, with a median target of $18.5.

    Here are some recent targets:

    • Brett Knoblauch from Cantor Fitzgerald set a target price of $14.0 on 04/09/2026
    • James McIlree from Chardan Capital set a target price of $16.0 on 04/08/2026
    • Nick Giles from B. Riley Securities set a target price of $19.0 on 02/11/2026
    • Stephen Glagola from Keefe, Bruyette & Woods set a target price of $14.0 on 02/09/2026
    • John Todaro from Needham set a target price of $19.0 on 02/06/2026
    • Paul Golding from Macquarie set a target price of $18.0 on 02/06/2026
    • Matthew Galinko from Maxim Group set a target price of $22.0 on 01/08/2026

    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.

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