Cleanspark (NASDAQ:CLSK) Stock Price Up 10.3% – Time to Buy?

Cleanspark, Inc. (NASDAQ:CLSK)’s share price traded up 10.3% on Friday . The company traded as high as $9.01 and last traded at $9.12. 7,469,702 shares were traded during trading, a decline of 76% from the average session volume of 31,005,873 shares. The stock had previously closed at $8.27.

More Cleanspark News

Here are the key news stories impacting Cleanspark this week:

• Positive Sentiment: Operations & liquidity — CleanSpark produced 573 BTC in January and sold about $14.6M of BTC to fund operations, a sign of ongoing mining output and cash-generation actions that support near-term liquidity. Article Title
• Positive Sentiment: AI & power expansion — The company reported it secured up to 890 MW of new utility-grade power capacity and is advancing a multi-gigawatt AI infrastructure platform, which supports its strategic pivot beyond bitcoin mining and could drive future revenue diversification. Article Title
• Neutral Sentiment: Analyst price-target adjustments — Needham cut its target from $25 to $19 but kept a buy rating; Chardan trimmed its target from $30 to $16 and also remains constructive. These cuts temper upside expectations but leave institutional support intact. Article Title
• Neutral Sentiment: Earnings call transcripts published — Management commentary from the Q1 call is available (transcripts on Seeking Alpha/MSN/Yahoo) for investors who want details on margins, capex, BTC strategy and the AI buildout. Article Title
• Negative Sentiment: Q1 results missed expectations — CleanSpark reported revenue of ~$181.2M (below ~ $200M consensus) and an EPS loss that was wider than expected, prompting after-hours weakness. The miss highlights near-term pressure from bitcoin price declines and execution/cost dynamics. Article Title
• Negative Sentiment: Analyst/sector downgrades tied to bitcoin pain — Commentary and at least one sector downgrade noted that “the economics are shifting with bitcoin crashing,” increasing near-term risk to mining profitability if BTC prices remain depressed. Article Title

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on CLSK shares. Weiss Ratings restated a “hold (c-)” rating on shares of Cleanspark in a research report on Monday, December 29th. Keefe, Bruyette & Woods dropped their price target on Cleanspark from $18.50 to $18.00 and set a “moderate buy” rating on the stock in a research note on Tuesday, January 27th. HC Wainwright reduced their price objective on shares of Cleanspark from $30.00 to $27.00 and set a “buy” rating for the company in a research report on Wednesday, November 26th. BTIG Research lifted their price objective on shares of Cleanspark from $22.00 to $26.00 and gave the company a “buy” rating in a research note on Monday, October 13th. Finally, Zacks Research lowered shares of Cleanspark from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Cleanspark currently has a consensus rating of “Moderate Buy” and a consensus price target of $21.13.

Cleanspark Stock Performance

The stock has a market cap of $2.58 billion, a P/E ratio of -9.42 and a beta of 3.47. The company has a fifty day moving average price of $12.32 and a 200 day moving average price of $12.98. The company has a debt-to-equity ratio of 0.30, a current ratio of 4.18 and a quick ratio of 4.18.

Insiders Place Their Bets

In other news, Director Thomas Leigh Wood sold 85,315 shares of Cleanspark stock in a transaction dated Tuesday, December 23rd. The shares were sold at an average price of $11.69, for a total transaction of $997,332.35. Following the completion of the transaction, the director directly owned 41,421 shares in the company, valued at $484,211.49. This trade represents a 67.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Amanda Cavaleri sold 33,000 shares of the company’s stock in a transaction dated Thursday, December 4th. The stock was sold at an average price of $15.02, for a total transaction of $495,660.00. Following the completion of the sale, the director owned 107,289 shares in the company, valued at $1,611,480.78. This represents a 23.52% decrease in their position. The disclosure for this sale is available in the SEC filing. 2.08% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Cleanspark

Several institutional investors have recently bought and sold shares of the stock. Smartleaf Asset Management LLC raised its holdings in Cleanspark by 38.9% during the 3rd quarter. Smartleaf Asset Management LLC now owns 2,660 shares of the company’s stock valued at $40,000 after acquiring an additional 745 shares during the period. PNC Financial Services Group Inc. grew its position in shares of Cleanspark by 4.0% in the third quarter. PNC Financial Services Group Inc. now owns 20,096 shares of the company’s stock valued at $291,000 after purchasing an additional 781 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of Cleanspark by 3.5% during the 3rd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 25,838 shares of the company’s stock valued at $375,000 after purchasing an additional 873 shares during the period. GAMMA Investing LLC lifted its holdings in Cleanspark by 7.8% during the 3rd quarter. GAMMA Investing LLC now owns 12,915 shares of the company’s stock worth $187,000 after purchasing an additional 932 shares in the last quarter. Finally, Hantz Financial Services Inc. boosted its stake in Cleanspark by 115.5% in the 3rd quarter. Hantz Financial Services Inc. now owns 1,748 shares of the company’s stock worth $25,000 after purchasing an additional 937 shares during the period. Institutional investors own 43.12% of the company’s stock.

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.