Cleanspark (NASDAQ:CLSK) Shares Up 10.3% – Here’s What Happened

Shares of Cleanspark, Inc. (NASDAQ:CLSK) shot up 10.3% during mid-day trading on Friday . The stock traded as high as $9.01 and last traded at $9.12. 7,469,702 shares traded hands during trading, a decline of 76% from the average session volume of 31,005,873 shares. The stock had previously closed at $8.27.

More Cleanspark News

Here are the key news stories impacting Cleanspark this week:

• Positive Sentiment: Company produced 573 BTC in January and sold roughly $14.6M of bitcoin to fund operations — evidence of strong mining output and active liquidity management. Read More.
• Positive Sentiment: CleanSpark reported $181M in Q1 revenue (up ~11.6% YoY) and highlighted a stronger balance sheet plus expansion of AI-ready sites and up to 890 MW of new utility-grade power capacity — supports the company’s longer-term AI/infra growth thesis. Read More.
• Neutral Sentiment: Analysts at Needham and Chardan cut price targets (Needham $25→$19; Chardan $30→$16) but kept “buy” ratings — reduces upside expectations but signals continuing analyst conviction. Read More.
• Neutral Sentiment: Earnings call transcripts and materials are available for investors to review management’s detail on mining ops, capex and AI strategy. Read More.
• Negative Sentiment: Quarter missed expectations: revenue $181.18M vs. consensus ~$200.3M and EPS roughly -$0.18 (miss vs. estimate ~- $0.07), prompting after‑hours weakness and headlines about earnings-driven declines. Read More.
• Negative Sentiment: Broader bitcoin price weakness is pressuring the mining economics and stock sentiment; some analysts and coverage pieces have framed the quarter as a downgrade risk amid a falling BTC market. Read More.

Analyst Ratings Changes

Several analysts have issued reports on the company. Maxim Group assumed coverage on Cleanspark in a research report on Thursday, January 8th. They set a “buy” rating and a $22.00 target price on the stock. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Cleanspark in a research report on Monday, December 29th. Northland Securities assumed coverage on Cleanspark in a research note on Tuesday, January 13th. They issued an “outperform” rating and a $22.50 target price on the stock. Cantor Fitzgerald reduced their target price on shares of Cleanspark from $21.00 to $17.00 and set an “overweight” rating for the company in a report on Friday. Finally, B. Riley lowered their price target on shares of Cleanspark from $25.00 to $22.00 and set a “buy” rating on the stock in a report on Wednesday, November 26th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $20.44.

Cleanspark Stock Performance

The firm has a market cap of $2.57 billion, a price-to-earnings ratio of 9.01 and a beta of 3.47. The company has a debt-to-equity ratio of 0.30, a current ratio of 4.18 and a quick ratio of 4.18. The firm has a fifty day simple moving average of $12.42 and a two-hundred day simple moving average of $13.00.

Insider Buying and Selling

In other Cleanspark news, Director Amanda Cavaleri sold 33,000 shares of the firm’s stock in a transaction 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 transaction, the director owned 107,289 shares of the company’s stock, valued at approximately $1,611,480.78. This trade represents a 23.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Thomas Leigh Wood sold 85,315 shares of Cleanspark stock in a transaction on Tuesday, December 23rd. The stock was sold at an average price of $11.69, for a total transaction of $997,332.35. Following the sale, the director owned 41,421 shares of the company’s stock, valued at $484,211.49. The trade was a 67.32% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 2.08% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of CLSK. Hantz Financial Services Inc. increased its holdings in Cleanspark by 115.5% in the third quarter. Hantz Financial Services Inc. now owns 1,748 shares of the company’s stock valued at $25,000 after buying an additional 937 shares in the last quarter. Quarry LP purchased a new position in shares of Cleanspark in the 3rd quarter valued at about $26,000. Salomon & Ludwin LLC purchased a new position in shares of Cleanspark in the 3rd quarter valued at about $32,000. Morse Asset Management Inc acquired a new position in Cleanspark in the 3rd quarter worth about $32,000. Finally, Danske Bank A S purchased a new position in Cleanspark during the fourth quarter worth approximately $25,000. 43.12% of the stock is owned by institutional investors and hedge funds.

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.