Cleanspark Target of Unusually Large Options Trading (NASDAQ:CLSK)

Cleanspark, Inc. (NASDAQ:CLSK) was the target of some unusual options trading on Tuesday. Stock traders bought 82,046 call options on the company. This represents an increase of approximately 23% compared to the average daily volume of 66,564 call options.

Institutional Investors Weigh In On Cleanspark

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Integrated Wealth Concepts LLC bought a new stake in Cleanspark in the 1st quarter valued at $68,000. Caxton Associates LLP bought a new position in shares of Cleanspark during the first quarter worth about $169,000. United Services Automobile Association acquired a new stake in Cleanspark in the 1st quarter valued at approximately $125,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Cleanspark by 16.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 598,994 shares of the company’s stock valued at $4,025,000 after acquiring an additional 86,229 shares in the last quarter. Finally, Strs Ohio acquired a new position in Cleanspark during the 1st quarter worth approximately $38,000. 43.12% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on CLSK. Cantor Fitzgerald decreased their target price on Cleanspark from $17.00 to $14.00 and set an “overweight” rating for the company in a research report on Thursday, April 9th. Northland Securities assumed coverage on shares of Cleanspark in a research note on Tuesday, January 13th. They set an “outperform” rating and a $22.50 price objective on the stock. Needham & Company LLC boosted their price objective on shares of Cleanspark from $17.00 to $18.00 and gave the company a “buy” rating in a report on Monday, May 4th. Chardan Capital reaffirmed a “buy” rating and issued a $16.00 target price on shares of Cleanspark in a research note on Wednesday, April 8th. Finally, Zacks Research upgraded shares of Cleanspark from a “strong sell” rating to a “hold” rating in a report on Friday, February 20th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Cleanspark presently has a consensus rating of “Moderate Buy” and an average price target of $20.29.

Trending Headlines about Cleanspark

Here are the key news stories impacting Cleanspark this week:

• Positive Sentiment: CleanSpark said it doubled megawatts under contract year over year, including 585 MW of ERCOT-approved capacity, while also increasing Bitcoin holdings by 14% and average monthly hashrate by 18%, showing continued operational scale-up. CleanSpark Reports Second Fiscal Quarter 2026 Results
• Positive Sentiment: Management outlined a 14–18 month delivery timeline for AI data centers and said it is marketing 1.8 GW of contracted capacity, reinforcing the company’s long-term pivot toward higher-value infrastructure opportunities. Seeking Alpha article
• Neutral Sentiment: In the earnings call and transcript, executives stressed CleanSpark’s evolution from a Bitcoin miner into a digital infrastructure and data center developer, which may support the stock over time but does not change near-term results. Yahoo Finance article
• Negative Sentiment: The quarterly report missed Wall Street expectations, with EPS of -$1.52 versus an expected -$0.25 and revenue of $136.4 million below estimates, highlighting weaker-than-expected profitability. MarketBeat earnings report
• Negative Sentiment: Investors also reacted to reports of more than a $200 million loss tied to Bitcoin holdings, which added to concerns about crypto-related volatility and pressured the shares. MSN article

Cleanspark Stock Down 8.1%

Shares of NASDAQ CLSK traded down $1.16 during mid-day trading on Tuesday, reaching $13.14. 26,305,134 shares of the company’s stock were exchanged, compared to its average volume of 24,047,346. Cleanspark has a twelve month low of $8.00 and a twelve month high of $23.61. The company has a current ratio of 10.54, a quick ratio of 10.54 and a debt-to-equity ratio of 1.29. The firm has a market capitalization of $3.36 billion, a price-to-earnings ratio of -12.26 and a beta of 3.71. The business has a fifty day simple moving average of $10.64 and a 200 day simple moving average of $11.95.

Cleanspark (NASDAQ:CLSK) last issued its quarterly earnings data 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 negative net margin of 33.24% and a positive return on equity of 11.74%. The business had revenue of $136.41 million during the quarter, compared to analyst estimates of $145.36 million. During the same quarter in the prior year, the firm posted ($0.49) earnings per share. Cleanspark’s revenue for the quarter was down 24.9% compared to the same quarter last year. As a group, equities analysts expect that Cleanspark will post -0.7 EPS for the current fiscal year.

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.