Investors Buy Large Volume of Cleanspark Call Options (NASDAQ:CLSK)

Cleanspark, Inc. (NASDAQ:CLSK) was the recipient of unusually large options trading on Tuesday. Traders bought 95,624 call options on the company. This is an increase of 49% compared to the typical volume of 63,983 call options.

Cleanspark Stock Up 8.8%

CLSK opened at $13.45 on Wednesday. The business’s fifty day simple moving average is $15.35 and its 200 day simple moving average is $12.39. Cleanspark has a 52 week low of $8.00 and a 52 week high of $23.61. The company has a quick ratio of 8.26, a current ratio of 8.26 and a debt-to-equity ratio of 1.81. The stock has a market cap of $3.45 billion, a PE ratio of -6.40 and a beta of 3.83.

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

Institutional Trading of Cleanspark

Hedge funds and other institutional investors have recently bought and sold shares of the company. Danske Bank A S purchased a new position in shares of Cleanspark during the fourth quarter worth approximately $25,000. Quarry LP purchased a new stake in shares of Cleanspark in the 3rd quarter valued at $26,000. Morse Asset Management Inc bought a new position in shares of Cleanspark during the 3rd quarter valued at $32,000. Strs Ohio purchased a new position in Cleanspark in the 1st quarter worth $38,000. Finally, CIBC Private Wealth Group LLC raised its position in Cleanspark by 5,081.0% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 3,005 shares of the company’s stock worth $44,000 after purchasing an additional 2,947 shares during the period. Hedge funds and other institutional investors own 43.12% of the company’s stock.

Cleanspark News Summary

Here are the key news stories impacting Cleanspark this week:

• Positive Sentiment: CleanSpark secured a 20-year lease for 175 MW of critical IT load at its Georgia campus, marking a major expansion into AI and high-performance computing infrastructure and creating a large, recurring revenue stream. PR Newswire release
• Positive Sentiment: The lease’s scale far exceeds CleanSpark’s market value, reinforcing the idea that the company is transitioning from a Bitcoin miner into a digital infrastructure landlord, which could justify a higher valuation multiple. Proactive Investors article
• Positive Sentiment: BTIG reaffirmed its Buy rating and raised its price target to $26, adding to the bullish reaction around the new AI/data center strategy. Street Insider article
• Neutral Sentiment: Unusual options activity showed heavy call buying, suggesting traders are positioning for more upside, but it does not by itself change the company’s fundamentals.
• Negative Sentiment: The new development strategy will require significant upfront capital and carries execution risk, including construction milestones and a long delay before revenue begins in 2027.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on CLSK. Needham & Company LLC boosted their price objective on Cleanspark from $17.00 to $18.00 and gave the company a “buy” rating in a research note on Monday, May 4th. BTIG Research reaffirmed a “buy” rating and set a $26.00 target price on shares of Cleanspark in a report on Tuesday. Keefe, Bruyette & Woods upped their price target on Cleanspark from $14.00 to $16.00 and gave the company an “outperform” rating in a research report on Wednesday, May 13th. Maxim Group increased their price target on shares of Cleanspark from $18.00 to $22.00 and gave the stock a “buy” rating in a report on Tuesday, May 12th. Finally, Citizens Jmp started coverage on shares of Cleanspark in a research report on Wednesday, June 24th. They issued a “market outperform” rating and a $27.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $21.12.

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.