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Why CleanSpark (CLSK) Stock Is Up Today

None

CleanSpark (CLSK) is up 9.8% today. Here is some analysis on what might have caused this price movement.

Analysis: The move appears to be driven mainly by a sharp gain in Bitcoin, which typically lifts miner stocks such as CleanSpark. Investors also still seem to be valuing CleanSpark as more than a pure Bitcoin miner after its recent long-term data center lease announcement and management’s comments that the project’s equity funding is already in place.

Details:

  • Bitcoin was up roughly 4.6% on September 3, with the token trading near $80,970, giving a broad boost to crypto-linked equities.
  • CleanSpark said in its July operational update that it produced 586 Bitcoin in the month and ended July with 13,931 Bitcoin on its balance sheet, keeping the stock highly sensitive to changes in crypto prices.
  • In July, the company announced a 20-year triple-net lease at its Sandersville, Georgia campus that it said represents $6.6 billion in contracted revenue with a high-investment-grade technology tenant.
  • In its August quarterly release, CleanSpark said it had already fully funded the anticipated equity portion of the Sandersville project, which may have helped ease execution and financing concerns.
  • 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 Insider Trades

    $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 223 institutional investors add shares of $CLSK stock to their portfolio, and 212 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. 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.

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