CleanSpark shares slide as bitcoin drops, pressuring crypto-linked equities

CleanSpark, Inc. (CLSK) is down 5.8% today. Here is some analysis on what might have caused this price movement.

Analysis: The move looks mostly tied to a broad pullback in bitcoin and related crypto equities, which often trade as a high-beta proxy for BTC’s spot price. With risk sentiment cooling in crypto, bitcoin miners like CleanSpark can see amplified downside because their revenues and the value of their bitcoin holdings are sensitive to BTC price swings.

Details:

Bitcoin fell roughly 4–5% intraday, extending a multi-day decline, which typically drags down publicly traded bitcoin miners as a group.

Crypto-related stocks broadly moved lower during the same session, suggesting a sector-wide catalyst rather than company-specific news.

CleanSpark’s most recent operational update highlighted sizable bitcoin exposure (production, sales activity, and holdings), which can increase perceived earnings and balance-sheet volatility when BTC sells off.

This could also be because some investors continued to digest recent quarterly results that included a large net loss, keeping sentiment fragile on down-crypto days.

Sources:

CleanSpark Investor Relations, The Block, Investing.com

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 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. 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 158 institutional investors add shares of $CLSK stock to their portfolio, and 254 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
DIMENSIONAL FUND ADVISORS LP added 6,323,715 shares (+81.3%) to their portfolio in Q1 2026, for an estimated $53,814,814
BLACKROCK, INC. removed 2,872,599 shares (-6.4%) from their portfolio in Q1 2026, for an estimated $24,445,817
RENAISSANCE TECHNOLOGIES LLC removed 2,581,482 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $21,968,411
HRT FINANCIAL LP added 2,302,069 shares (+inf%) to their portfolio in Q1 2026, for an estimated $19,590,607
VOLORIDGE INVESTMENT MANAGEMENT, LLC removed 2,299,020 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $19,564,660
CITADEL ADVISORS LLC added 2,104,687 shares (+inf%) to their portfolio in Q1 2026, for an estimated $17,910,886

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 $18.5.

Here are some recent targets:

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
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

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.