Swiss National Bank Sells 48,400 Shares of Cleanspark, Inc. $CLSK

Swiss National Bank reduced its position in shares of Cleanspark, Inc. (NASDAQ:CLSK) by 8.7% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 505,800 shares of the company’s stock after selling 48,400 shares during the quarter. Swiss National Bank owned 0.20% of Cleanspark worth $4,304,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of CLSK. Marex Group plc grew its holdings in shares of Cleanspark by 23,812.2% during the fourth quarter. Marex Group plc now owns 5,400,561 shares of the company’s stock valued at $54,654,000 after buying an additional 5,377,976 shares during the last quarter. Voloridge Investment Management LLC bought a new position in Cleanspark in the 3rd quarter valued at approximately $56,056,000. Dimensional Fund Advisors LP boosted its stake in Cleanspark by 80.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 7,779,062 shares of the company’s stock valued at $78,731,000 after purchasing an additional 3,467,841 shares during the last quarter. Renaissance Technologies LLC bought a new stake in shares of Cleanspark in the 4th quarter worth $26,125,000. Finally, Situational Awareness LP purchased a new position in shares of Cleanspark in the fourth quarter worth $16,601,000. 43.12% of the stock is owned by hedge funds and other institutional investors.

Cleanspark Stock Performance

CLSK opened at $12.01 on Thursday. The company has a 50 day simple moving average of $15.36 and a two-hundred day simple moving average of $12.62. The company has a debt-to-equity ratio of 1.81, a current ratio of 8.26 and a quick ratio of 8.26. The firm has a market cap of $3.08 billion, a P/E ratio of -5.72 and a beta of 3.83. Cleanspark, Inc. has a 1-year low of $8.00 and a 1-year high of $23.61.

Cleanspark (NASDAQ:CLSK) last announced its quarterly earnings data on Monday, May 11th. The company reported ($1.52) EPS for the quarter, missing the consensus estimate of ($0.25) by ($1.27). The firm had revenue of $136.41 million for the quarter, compared to the consensus estimate of $145.35 million. Cleanspark had a negative net margin of 67.66% and a positive return on equity of 7.07%. The firm’s revenue for the quarter was down 24.9% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.49) earnings per share. Equities analysts forecast that Cleanspark, Inc. will post -1.19 earnings per share for the current fiscal year.

Key Headlines Impacting Cleanspark

Here are the key news stories impacting Cleanspark this week:

• Positive Sentiment: A 20-year, $6.6 billion triple-net lease covering 175 megawatts at CleanSpark’s Sandersville, Georgia, facility supports the company’s pivot toward AI infrastructure and could provide significant recurring revenue. The stock may have additional upside if CleanSpark leases its remaining 885 megawatts of Texas capacity. Is CleanSpark Undervalued After Its 20 Year Infrastructure Lease?
• Positive Sentiment: Analysts raised their valuation targets, with Keefe, Bruyette & Woods increasing its target from $16 to $25 and maintaining an “outperform” rating, while Chardan Capital lifted its target from $19 to $21 and kept a “buy” rating. These targets indicate substantial potential upside if the AI data-center expansion is executed successfully. Analyst Price Target Updates
• Neutral Sentiment: Recent coverage highlighted increased investor and analyst attention toward CleanSpark, but the reports did not identify a major new operating catalyst beyond the previously announced lease. CleanSpark Investor Attention
• Negative Sentiment: Despite the large lease, an analysis downgraded CleanSpark from “strong buy” to “buy,” citing limited near-term catalysts, substantial anticipated capital needs and potential shareholder dilution. Grid constraints and delays in energizing facilities could also postpone revenue from the AI expansion. CleanSpark AI Pivot and Dilution Risks
• Negative Sentiment: The market’s reaction reflects concern about CleanSpark’s fundamentals as well as execution risk: its latest reported quarter missed earnings and revenue expectations, with revenue down year over year and a deeply negative net margin. Those results make investors more sensitive to the company’s need for additional financing while it develops its data-center portfolio. Why CleanSpark Stock Is Down

Analyst Upgrades and Downgrades

CLSK has been the subject of several research analyst reports. HC Wainwright reiterated a “buy” rating on shares of Cleanspark in a report on Tuesday, July 14th. Maxim Group upped their target price on shares of Cleanspark from $18.00 to $22.00 and gave the company a “buy” rating in a research note on Tuesday, May 12th. Weiss Ratings lowered shares of Cleanspark from a “sell (d)” rating to a “sell (d-)” rating in a research note on Friday, May 22nd. Needham & Company LLC boosted their price objective on shares of Cleanspark from $18.00 to $23.00 and gave the company a “buy” rating in a report on Wednesday, July 15th. Finally, Citigroup started coverage on shares of Cleanspark in a report on Wednesday, June 24th. They issued an “outperform” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $23.35.

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.