Federated Hermes Inc. Invests $978,000 in Cleanspark, Inc. $CLSK

Federated Hermes Inc. bought a new stake in Cleanspark, Inc. (NASDAQ:CLSK) in the third quarter, HoldingsChannel.com reports. The firm bought 67,466 shares of the company’s stock, valued at approximately $978,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of CLSK. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Cleanspark by 54.9% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,781,191 shares of the company’s stock valued at $19,647,000 after purchasing an additional 631,662 shares in the last quarter. Jump Financial LLC purchased a new stake in shares of Cleanspark during the second quarter worth approximately $6,616,000. Exchange Traded Concepts LLC increased its stake in shares of Cleanspark by 35.8% during the third quarter. Exchange Traded Concepts LLC now owns 1,417,107 shares of the company’s stock worth $20,548,000 after buying an additional 373,259 shares during the period. CSM Advisors LLC acquired a new stake in Cleanspark in the second quarter valued at approximately $3,647,000. Finally, Intrinsic Edge Capital Management LLC lifted its stake in Cleanspark by 74.7% in the second quarter. Intrinsic Edge Capital Management LLC now owns 584,735 shares of the company’s stock worth $6,450,000 after acquiring an additional 250,000 shares during the last quarter. 43.12% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Cleanspark

In other Cleanspark news, Director Thomas Leigh Wood sold 85,315 shares of Cleanspark stock in a transaction that occurred on Tuesday, December 23rd. The stock was sold at an average price of $11.69, for a total transaction of $997,332.35. Following the transaction, the director owned 41,421 shares of the company’s stock, valued at $484,211.49. The trade was a 67.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Amanda Cavaleri sold 33,000 shares of the business’s stock in a transaction that occurred on Thursday, December 4th. The shares were sold at an average price of $15.02, for a total value of $495,660.00. Following the completion of the sale, the director owned 107,289 shares of the company’s stock, valued at approximately $1,611,480.78. This represents a 23.52% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 2.08% of the company’s stock.

Cleanspark Stock Up 21.9%

CLSK opened at $10.08 on Friday. Cleanspark, Inc. has a one year low of $6.45 and a one year high of $23.61. The company has a debt-to-equity ratio of 0.30, a quick ratio of 4.18 and a current ratio of 4.18. The stock has a market capitalization of $2.58 billion, a P/E ratio of -9.42 and a beta of 3.47. The business’s 50-day simple moving average is $12.32 and its 200-day simple moving average is $12.98.

Analyst Upgrades and Downgrades

A number of brokerages have commented on CLSK. Sanford C. Bernstein increased their price objective on shares of Cleanspark from $20.00 to $24.00 and gave the company an “outperform” rating in a research report on Monday, November 3rd. JPMorgan Chase & Co. raised Cleanspark from a “neutral” rating to an “overweight” rating and set a $14.00 target price on the stock in a report on Monday, November 24th. Northland Securities began coverage on Cleanspark in a research note on Tuesday, January 13th. They issued an “outperform” rating and a $22.50 price target on the stock. BTIG Research lifted their price target on Cleanspark from $22.00 to $26.00 and gave the stock a “buy” rating in a report on Monday, October 13th. Finally, Keefe, Bruyette & Woods lowered their price objective on Cleanspark from $18.50 to $18.00 and set a “moderate buy” rating for the company in a research report on Tuesday, January 27th. 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $21.13.

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

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.