Brokerages Set Cleanspark, Inc. (NASDAQ:CLSK) Target Price at $23.35

Cleanspark, Inc. (NASDAQ:CLSK) has received an average rating of “Moderate Buy” from the sixteen research firms that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $23.8846.

CLSK has been the topic of several recent research reports. Citizens Jmp assumed coverage on Cleanspark in a research report on Wednesday, June 24th. They set a “market outperform” rating and a $27.00 price objective on the stock. Zacks Research raised shares of Cleanspark from a “strong sell” rating to a “hold” rating in a research report on Friday, July 10th. B. Riley Financial upped their price target on shares of Cleanspark from $19.00 to $26.00 and gave the company a “buy” rating in a research note on Monday. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $26.00 price target on shares of Cleanspark in a research report on Friday. Finally, BTIG Research reiterated a “buy” rating and issued a $26.00 price objective on shares of Cleanspark in a research note on Tuesday, July 14th.

Cleanspark News Summary

Here are the key news stories impacting Cleanspark this week:

• Positive Sentiment: CleanSpark signed a 20-year, $6.6 billion triple-net lease for its Sandersville, Georgia, AI data center with a high-quality investment-grade tenant. The company said the project’s anticipated equity contribution is fully funded and that long-lead equipment has been ordered and prepaid, supporting its strategy to diversify beyond bitcoin mining. CleanSpark Reports Third Fiscal Quarter 2026 Results
• Positive Sentiment: Management highlighted the Sandersville lease as the foundation of its AI infrastructure pivot, with approximately $6.6 billion in contracted revenue. Financing is expected to rely on debt rather than issuing new equity, which could limit dilution if executed as planned. CleanSpark’s Q3 Earnings Call Centers on Sandersville AI Lease
• Positive Sentiment: Cantor Fitzgerald reaffirmed its “overweight” rating and assigned a $26 price target, implying substantial upside from recent trading levels. The bullish view appears tied primarily to the potential value of CleanSpark’s AI data-center expansion. Cantor Fitzgerald rating update
• Neutral Sentiment: The Sandersville project is a major strategic opportunity, but investors will likely monitor construction progress, financing costs, tenant execution and the timing of revenue recognition before assigning full value to the contracted lease.
• Negative Sentiment: Third-quarter results missed expectations. CleanSpark reported a per-share loss of $0.89 versus a consensus loss of $0.48, while revenue of $138.0 million fell short of the $142.4 million estimate. Revenue also declined 30.5% year over year, and the company remained deeply unprofitable. CleanSpark third-quarter earnings report
• Negative Sentiment: The earnings weakness reinforces concerns about CleanSpark’s near-term bitcoin-mining economics and the execution risk involved in transitioning toward capital-intensive AI infrastructure.

Institutional Investors Weigh In On Cleanspark

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

Cleanspark Price Performance

Cleanspark stock opened at $12.30 on Friday. Cleanspark has a 12 month low of $8.00 and a 12 month high of $23.61. The stock’s 50 day moving average is $14.89 and its 200-day moving average is $12.67. 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 company has a market capitalization of $3.16 billion, a price-to-earnings ratio of -3.26 and a beta of 3.86.

Cleanspark (NASDAQ:CLSK) last released its quarterly earnings results on Monday, May 11th. The company reported ($1.52) earnings per share 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 analyst estimates of $145.35 million. Cleanspark had a negative return on equity of 16.32% and a negative net margin of 146.90%.The business’s revenue for the quarter was down 24.9% on a year-over-year basis. During the same period in the previous year, the business posted ($0.49) earnings per share. Equities research analysts expect that Cleanspark will post -1.23 EPS for the current year.

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.