Cleanspark (NASDAQ:CLSK) Shares Gap Up – Here’s Why

Posted by Stanley Muller on Jul 16th, 2026

Cleanspark, Inc. (NASDAQ:CLSK – Get Free Report) shares gapped up before the market opened on Tuesday . The stock had previously closed at $12.36, but opened at $14.69. Cleanspark shares last traded at $13.0490, with a volume of 20,336,965 shares.

Key Stories Impacting Cleanspark

Here are the key news stories impacting Cleanspark this week:

Positive Sentiment: Cleanspark secured a $6.6 billion AI/data center lease with a high-investment-grade global technology customer, creating a long-term revenue stream and signaling a shift toward recurring infrastructure income. CleanSpark Secures Twenty-Year Lease with High-Investment Grade Global Technology Company for Data Center in Sandersville, Georgia
Positive Sentiment: Analysts turned more bullish after the deal, with several firms raising price targets and reiterating buy ratings, reinforcing the view that the stock may have more upside if the company executes. B. Riley pegs CleanSpark at $19 after $6.6 billion HPC lease
Positive Sentiment: The broader market is also rewarding Bitcoin miners that can monetize existing power infrastructure for AI demand, which supports the idea that CleanSpark’s assets may be worth more than traditional mining valuations imply. Bitcoin Miners Cash In as AI Hits a Power Bottleneck
Neutral Sentiment: Commentary suggests the move is promising but execution matters, since the lease won’t generate meaningful revenue until later and CleanSpark still faces sizable buildout and financing requirements. CleanSpark: Multi-Year AI Deal Is A Strong Start, But Execution Is What Matters
Neutral Sentiment: Recent coverage noted heavy trading volume and a sharp move higher, but some analysts warned that the stock may not continue rising immediately after the initial reaction. CleanSpark (CLSK) Surges 8.8%: Is This an Indication of Further Gains?

Analysts Set New Price Targets

CLSK has been the subject of a number of analyst reports. Keefe, Bruyette & Woods lifted their target price on shares of Cleanspark from $14.00 to $16.00 and gave the stock an “outperform” rating in a report on Wednesday, May 13th. HC Wainwright restated a “buy” rating on shares of Cleanspark in a research report on Tuesday. Chardan Capital reaffirmed a “buy” rating and set a $19.00 price objective on shares of Cleanspark in a research note on Wednesday. Weiss Ratings downgraded Cleanspark from a “sell (d)” rating to a “sell (d-)” rating in a report on Friday, May 22nd. Finally, BTIG Research reissued a “buy” rating and issued a $26.00 target price on shares of Cleanspark in a research note on Tuesday. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Cleanspark currently has a consensus rating of “Moderate Buy” and a consensus target price of $22.34.

Read Our Latest Stock Analysis on Cleanspark

Cleanspark Price Performance

The company has a 50 day moving average of $15.34 and a 200 day moving average of $12.41. The company has a current ratio of 8.26, a quick ratio of 8.26 and a debt-to-equity ratio of 1.81. The firm has a market cap of $3.63 billion, a price-to-earnings ratio of -6.73 and a beta of 3.83.

Cleanspark (NASDAQ:CLSK – Get Free Report) last posted its earnings results on Monday, May 11th. The company reported ($1.52) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.25) by ($1.27). The business had revenue of $136.41 million during the quarter, compared to analyst estimates 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 was down 24.9% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.49) earnings per share. Equities research analysts predict that Cleanspark, Inc. will post -1.19 EPS for the current fiscal year.

Institutional Trading of Cleanspark

A number of large investors have recently bought and sold shares of the business. New York State Teachers Retirement System raised its holdings in shares of Cleanspark by 37.7% during the fourth quarter. New York State Teachers Retirement System now owns 341,749 shares of the company’s stock worth $3,458,000 after acquiring an additional 93,649 shares during the period. State of New Jersey Common Pension Fund D acquired a new position in Cleanspark in the 4th quarter worth $2,019,000. Benchmark Financial LLC bought a new position in Cleanspark during the 4th quarter worth about $1,255,000. Tudor Investment Corp ET AL increased its holdings in Cleanspark by 496.7% during the 3rd quarter. Tudor Investment Corp ET AL now owns 1,732,268 shares of the company’s stock worth $25,118,000 after purchasing an additional 1,441,939 shares in the last quarter. Finally, Fiduciary Alliance LLC acquired a new stake in shares of Cleanspark in the 4th quarter valued at about $2,203,000. 43.12% of the stock is owned by institutional investors.

Cleanspark Company Profile

(Get Free Report)

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.