Cleanspark (NASDAQ:CLSK) Trading Up 7.7% – Should You Buy?

Cleanspark, Inc. (NASDAQ:CLSK) shares were up 7.7% during trading on Friday . The stock traded as high as $13.69 and last traded at $13.7120. Approximately 18,123,786 shares changed hands during trading, a decline of 38% from the average daily volume of 29,049,811 shares. The stock had previously closed at $12.73.

Cleanspark News Summary

Here are the key news stories impacting Cleanspark this week:

• Positive Sentiment: Reports that Cleanspark bought Texas land to expand into AI data-center infrastructure have driven investor optimism about new high-margin demand streams and renewable-powered AI hosting. CLSK Stock Headed To $15?
• Positive Sentiment: J.P. Morgan reiterated an overweight stance, noting AI inference use cases at Cleanspark’s Texas sites — a credible institutional endorsement that supports further upside. J.P. Morgan stays overweight CleanSpark
• Positive Sentiment: Northland Capital Markets initiated/updated coverage with a “Strong-Buy” and published multi-quarter EPS models (showing trajectory/milestones), which likely reinforced buyer interest and added technical momentum. Cleanspark (NASDAQ:CLSK) Upgraded at Northland Capmk
• Neutral Sentiment: Analyst model detail: Northland’s published estimates still project quarterly losses across FY2026–FY2027 (the firm remains constructive but models negative EPS before expected inflection), so fundamentals require watching versus the growth narrative. MarketBeat CLEANSpark profile / analyst notes
• Negative Sentiment: Despite today’s gains, some outlets flagged a recent intraday pullback and volatility (CLSK has high beta), reminding investors the rally is news-driven and the stock can reverse on profit-taking or if execution on AI/data-center plans slips. CleanSpark (CLSK) Stock Slides as Market Rises

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. BTIG Research increased their price objective on shares of Cleanspark from $22.00 to $26.00 and gave the company a “buy” rating in a research note on Monday, October 13th. Sanford C. Bernstein raised their price objective on Cleanspark from $20.00 to $24.00 and gave the stock an “outperform” rating in a research report on Monday, November 3rd. Northland Capmk raised shares of Cleanspark to a “strong-buy” rating in a research report on Tuesday. Cantor Fitzgerald reiterated an “overweight” rating and issued a $21.00 target price on shares of Cleanspark in a report on Wednesday, November 26th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Cleanspark in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $23.06.

Cleanspark Price Performance

The company has a debt-to-equity ratio of 0.30, a quick ratio of 4.18 and a current ratio of 4.18. The firm has a market capitalization of $3.42 billion, a P/E ratio of 12.07 and a beta of 3.47. The business has a 50 day simple moving average of $12.40 and a two-hundred day simple moving average of $12.99.

Insider Buying and Selling at Cleanspark

In other news, Director Amanda Cavaleri sold 33,000 shares of Cleanspark stock in a transaction that occurred on Thursday, December 4th. The shares were sold at an average price of $15.02, for a total value of $495,660.00. Following the completion of the sale, the director directly owned 107,289 shares in the company, valued at $1,611,480.78. The trade was a 23.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Thomas Leigh Wood sold 85,315 shares of the firm’s stock in a transaction that occurred on Tuesday, December 23rd. The stock was sold at an average price of $11.69, for a total value of $997,332.35. Following the sale, the director directly owned 41,421 shares of the company’s stock, valued at $484,211.49. This represents a 67.32% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 2.65% of the company’s stock.

Hedge Funds Weigh In On Cleanspark

Institutional investors have recently made changes to their positions in the company. Hantz Financial Services Inc. grew its holdings in Cleanspark by 115.5% during the 3rd quarter. Hantz Financial Services Inc. now owns 1,748 shares of the company’s stock worth $25,000 after acquiring an additional 937 shares in the last quarter. Quarry LP acquired a new position in shares of Cleanspark in the 3rd quarter valued at $26,000. Salomon & Ludwin LLC purchased a new position in Cleanspark in the 3rd quarter worth $32,000. Morse Asset Management Inc acquired a new stake in Cleanspark during the 3rd quarter worth about $32,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in shares of Cleanspark in the second quarter valued at about $29,000. Hedge funds and other institutional investors own 43.12% of the company’s stock.

Cleanspark Company Profile

CleanSpark, Inc (NASDAQ: CLSK) is a leading energy software and services company specializing in advanced microgrid controls and distributed energy resource (DER) management. The firm develops proprietary software platforms designed to optimize power flows across on-grid and off-grid installations, integrating renewable generation, battery storage, and traditional generation assets. CleanSpark’s technology is used by utilities, commercial and industrial enterprises, and remote facilities seeking to enhance energy resilience, reduce operating costs, and achieve sustainability goals.

In addition to its core software offerings, CleanSpark provides end-to-end engineering, procurement and construction (EPC) services.