Federated Hermes Inc. Invests $978,000 in Cleanspark, Inc. $CLSK

Federated Hermes Inc. purchased a new stake in Cleanspark, Inc. (NASDAQ:CLSK) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 67,466 shares of the company’s stock, valued at approximately $978,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Geode Capital Management LLC grew its holdings in Cleanspark by 1.4% in the 2nd quarter. Geode Capital Management LLC now owns 7,536,772 shares of the company’s stock valued at $83,139,000 after buying an additional 101,401 shares in the last quarter. Invesco Ltd. boosted its position in shares of Cleanspark by 2.1% during the 2nd quarter. Invesco Ltd. now owns 3,672,324 shares of the company’s stock valued at $40,506,000 after acquiring an additional 74,922 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Cleanspark by 54.9% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,781,191 shares of the company’s stock valued at $19,647,000 after acquiring an additional 631,662 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Cleanspark by 6.5% in the second quarter. Bank of New York Mellon Corp now owns 1,682,416 shares of the company’s stock valued at $18,557,000 after purchasing an additional 103,139 shares during the period. Finally, Exchange Traded Concepts LLC increased its position in Cleanspark by 35.8% during the third quarter. Exchange Traded Concepts LLC now owns 1,417,107 shares of the company’s stock worth $20,548,000 after purchasing an additional 373,259 shares during the last quarter. Hedge funds and other institutional investors own 43.12% of the company’s stock.

Cleanspark Stock Up 21.9%

NASDAQ:CLSK opened at $10.08 on Friday. Cleanspark, Inc. has a 52 week low of $6.45 and a 52 week high of $23.61. The stock’s fifty day moving average is $12.32 and its two-hundred day moving average is $12.98. The stock has a market capitalization of $2.58 billion, a price-to-earnings ratio of -9.42 and a beta of 3.47. The company has a quick ratio of 4.18, a current ratio of 4.18 and a debt-to-equity ratio of 0.30.

Insider Activity

In other Cleanspark news, Director Amanda Cavaleri sold 33,000 shares of the business’s stock in a transaction dated Thursday, December 4th. The shares were sold at an average price of $15.02, for a total transaction of $495,660.00. Following the sale, the director directly owned 107,289 shares in the company, valued at $1,611,480.78. This represents a 23.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Thomas Leigh Wood sold 85,315 shares of the stock in a transaction dated 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 directly owned 41,421 shares in the company, valued at $484,211.49. This represents a 67.32% decrease in their position. The SEC filing for this sale provides additional information. 2.08% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research firms have weighed in on CLSK. Zacks Research lowered shares of Cleanspark from a “hold” rating to a “strong sell” rating in a report on Thursday, January 22nd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Cleanspark in a research report on Monday, December 29th. Sanford C. Bernstein upped their price objective on Cleanspark from $20.00 to $24.00 and gave the company an “outperform” rating in a report on Monday, November 3rd. Needham & Company LLC cut their target price on Cleanspark from $25.00 to $19.00 and set a “buy” rating for the company in a research note on Friday. Finally, Cantor Fitzgerald reduced their target price on Cleanspark from $21.00 to $17.00 and set an “overweight” rating on the stock in a research report on Friday. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Cleanspark currently has a consensus rating of “Moderate Buy” and a consensus price target of $21.13.

More Cleanspark News

Here are the key news stories impacting Cleanspark this week:

• Positive Sentiment: Operations & liquidity — CleanSpark produced 573 BTC in January and sold about $14.6M of BTC to fund operations, a sign of ongoing mining output and cash-generation actions that support near-term liquidity. Article Title
• Positive Sentiment: AI & power expansion — The company reported it secured up to 890 MW of new utility-grade power capacity and is advancing a multi-gigawatt AI infrastructure platform, which supports its strategic pivot beyond bitcoin mining and could drive future revenue diversification. Article Title
• Neutral Sentiment: Analyst price-target adjustments — Needham cut its target from $25 to $19 but kept a buy rating; Chardan trimmed its target from $30 to $16 and also remains constructive. These cuts temper upside expectations but leave institutional support intact. Article Title
• Neutral Sentiment: Earnings call transcripts published — Management commentary from the Q1 call is available (transcripts on Seeking Alpha/MSN/Yahoo) for investors who want details on margins, capex, BTC strategy and the AI buildout. Article Title
• Negative Sentiment: Q1 results missed expectations — CleanSpark reported revenue of ~$181.2M (below ~ $200M consensus) and an EPS loss that was wider than expected, prompting after-hours weakness. The miss highlights near-term pressure from bitcoin price declines and execution/cost dynamics. Article Title
• Negative Sentiment: Analyst/sector downgrades tied to bitcoin pain — Commentary and at least one sector downgrade noted that “the economics are shifting with bitcoin crashing,” increasing near-term risk to mining profitability if BTC prices remain depressed. Article Title

About Cleanspark

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.