Why CleanSpark (CLSK) Stock Is Down Today

CleanSpark (CLSK) is down 9.0% today. Here is some analysis on what might have caused this price movement.

Analysis: A clear company-specific catalyst was not obvious today, so the move looks tied mostly to sentiment and valuation pressure rather than a new headline. This could be because investors are still digesting CleanSpark’s weak fiscal second-quarter results, including lower mining revenue and a large net loss, while broader risk-off trading in technology shares may also be weighing on names tied to high-performance computing and digital infrastructure.

Details:

CleanSpark’s fiscal second-quarter revenue fell to $136.4 million from $181.7 million a year earlier, showing a meaningful slowdown in its core mining business.

The company posted a net loss of $378.3 million for the quarter, adding to concerns about earnings volatility as bitcoin prices and mark-to-market values swing.

In its April operational update, CleanSpark said it produced 640 bitcoin in the month, held 13,453 bitcoin at month-end, and had 1.8 gigawatts under contract, underscoring that investors are valuing both mining results and its longer-term AI infrastructure ambitions.

Bitcoin itself was firmer on July 2, 2026, while tech shares sold off sharply, which suggests today’s drop may reflect equity-market risk appetite and profit-taking more than a deterioration in the underlying crypto price.

Sources:

CleanSpark, CoinDesk, StockAnalysis

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

$CLSK Hedge Fund Activity

We have seen 142 institutional investors add shares of $CLSK stock to their portfolio, and 195 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 9 analysts offer price targets for $CLSK in the last 6 months, with a median target of $19.0.

Here are some recent targets:

Greg P. Miller from Citizens set a target price of $27.0 on 06/24/2026
James McIlree from Chardan Capital set a target price of $19.0 on 06/08/2026
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.