Cleanspark (NASDAQ:CLSK) Shares Gap Up – Should You Buy?

Cleanspark, Inc. (NASDAQ:CLSK)’s stock price gapped up prior to trading 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 traded.

Key Cleanspark News

Here are the key news stories impacting Cleanspark this week:

• Positive Sentiment: CleanSpark announced a 20-year infrastructure lease with a high-investment-grade global technology company for its Sandersville, Georgia data center, expected to generate about $6.6 billion in contracted revenue, with potential to reach $11.6 billion if extension options are exercised. Article title: CleanSpark Secures Twenty-Year Lease with High-Investment Grade Global Technology Company for Data Center in Sandersville, Georgia
• Positive Sentiment: The lease covers 175 MW of critical IT load and begins deliveries in Q4 2027, giving investors visibility into long-dated cash flow and validating CleanSpark’s data-center expansion strategy. Article title: CleanSpark Secures $6.6 Billion Data Centre Lease as Shares Surge in Premarket Trading (CLSK)
• Neutral Sentiment: CleanSpark reported June unaudited Bitcoin production of 614 BTC, showing continued operating momentum in its mining business. Article title: CleanSpark (CLSK) Reports June Bitcoin Output, Is The 42% Undervalued View Still Credible?
• Neutral Sentiment: Some market commentary noted that the stronger production update was offset by a weaker earnings outlook, which may temper enthusiasm even as the company posts solid operational results. Article title: CleanSpark (CLSK) Is Down 8.5% After Strong June Bitcoin Output But Softer Earnings Outlook
• Negative Sentiment: Before the lease news, the stock had been under pressure amid recent declines and broader caution around near-term profitability. Article title: CleanSpark (CLSK) Sees a More Significant Dip Than Broader Market: Some Facts to Know

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Citizens Jmp initiated coverage on Cleanspark in a research report on Wednesday, June 24th. They set a “market outperform” rating and a $27.00 price target on the stock. Keefe, Bruyette & Woods increased their price objective on Cleanspark from $14.00 to $16.00 and gave the stock an “outperform” rating in a report on Wednesday, May 13th. Citigroup started coverage on Cleanspark in a research report on Wednesday, June 24th. They set an “outperform” rating for the company. Maxim Group upped their target price on shares of Cleanspark from $18.00 to $22.00 and gave the stock a “buy” rating in a research report on Tuesday, May 12th. Finally, Chardan Capital reiterated a “buy” rating and issued a $19.00 price target on shares of Cleanspark in a research note on Wednesday, July 8th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $21.12.

Cleanspark Stock Performance

The company has a market capitalization of $3.54 billion, a PE ratio of -6.58 and a beta of 3.83. 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 business’s fifty day moving average is $15.35 and its two-hundred day moving average is $12.38.

Cleanspark (NASDAQ:CLSK) last released 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 business had revenue of $136.41 million for the quarter, compared to analysts’ expectations of $145.35 million. Cleanspark had a negative net margin of 67.66% and a positive return on equity of 7.07%. The company’s quarterly revenue was down 24.9% on a year-over-year basis. During the same period last year, the business earned ($0.49) earnings per share. Equities research analysts predict that Cleanspark, Inc. will post -1.19 earnings per share for the current year.

Institutional Investors Weigh In On Cleanspark

A number of large investors have recently made changes to their positions in the company. Quarry LP purchased a new stake in Cleanspark during the third quarter valued at approximately $26,000. Morse Asset Management Inc bought a new position in shares of Cleanspark in the third quarter worth about $32,000. Danske Bank A S purchased a new stake in Cleanspark during the 4th quarter valued at approximately $25,000. CIBC Private Wealth Group LLC grew its stake in Cleanspark by 5,081.0% during the third quarter. CIBC Private Wealth Group LLC now owns 3,005 shares of the company’s stock valued at $44,000 after acquiring an additional 2,947 shares in the last quarter. Finally, Parallel Advisors LLC grew its position in shares of Cleanspark by 2,019.6% during the third quarter. Parallel Advisors LLC now owns 3,900 shares of the company’s stock valued at $57,000 after purchasing an additional 3,716 shares in the last quarter. 43.12% of the stock is currently owned by institutional investors.

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.