Cleanspark (NASDAQ:CLSK) Trading 7.7% Higher – Time to Buy?

Cleanspark, Inc. (NASDAQ:CLSK)’s share price shot up 7.7% on Friday . The company traded as high as $13.69 and last traded at $13.7120. 18,123,786 shares traded hands during mid-day trading, a decline of 38% from the average session volume of 29,049,811 shares. The stock had previously closed at $12.73.

Cleanspark News Summary

Here are the key news stories impacting Cleanspark this week:

• Positive Sentiment: Reports that Cleanspark bought Texas land to expand into AI data-center infrastructure have driven investor optimism about new high-margin demand streams and renewable-powered AI hosting. CLSK Stock Headed To $15?
• Positive Sentiment: J.P. Morgan reiterated an overweight stance, noting AI inference use cases at Cleanspark’s Texas sites — a credible institutional endorsement that supports further upside. J.P. Morgan stays overweight CleanSpark
• Positive Sentiment: Northland Capital Markets initiated/updated coverage with a “Strong-Buy” and published multi-quarter EPS models (showing trajectory/milestones), which likely reinforced buyer interest and added technical momentum. Cleanspark (NASDAQ:CLSK) Upgraded at Northland Capmk
• Neutral Sentiment: Analyst model detail: Northland’s published estimates still project quarterly losses across FY2026–FY2027 (the firm remains constructive but models negative EPS before expected inflection), so fundamentals require watching versus the growth narrative. MarketBeat CLEANSpark profile / analyst notes
• Negative Sentiment: Despite today’s gains, some outlets flagged a recent intraday pullback and volatility (CLSK has high beta), reminding investors the rally is news-driven and the stock can reverse on profit-taking or if execution on AI/data-center plans slips. CleanSpark (CLSK) Stock Slides as Market Rises

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Wall Street Zen downgraded Cleanspark from a “hold” rating to a “sell” rating in a research report on Friday, November 28th. Northland Securities began coverage on shares of Cleanspark in a report on Tuesday. They issued an “outperform” rating and a $22.50 target price for the company. Weiss Ratings restated a “hold (c-)” rating on shares of Cleanspark in a research report on Monday, December 29th. Sanford C. Bernstein boosted their price objective on Cleanspark from $20.00 to $24.00 and gave the company an “outperform” rating in a report on Monday, November 3rd. Finally, Chardan Capital reaffirmed a “buy” rating and issued a $30.00 target price on shares of Cleanspark in a research report on Wednesday, January 7th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Cleanspark currently has an average rating of “Buy” and a consensus price target of $23.06.

Cleanspark Stock Performance

The company has a quick ratio of 4.18, a current ratio of 4.18 and a debt-to-equity ratio of 0.30. The stock has a fifty day moving average price of $12.40 and a two-hundred day moving average price of $12.99. The company has a market capitalization of $3.42 billion, a price-to-earnings ratio of 12.07 and a beta of 3.47.

Insider Buying and Selling

In related news, Director Amanda Cavaleri sold 33,000 shares of the stock in a transaction on Thursday, December 4th. The stock was sold at an average price of $15.02, for a total value of $495,660.00. Following the transaction, the director directly owned 107,289 shares of the company’s stock, valued at approximately $1,611,480.78. This trade represents a 23.52% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Thomas Leigh Wood sold 85,315 shares of the company’s stock in a transaction that occurred on Tuesday, December 23rd. The shares were sold at an average price of $11.69, for a total value of $997,332.35. Following the completion of the transaction, the director directly owned 41,421 shares in the company, valued at approximately $484,211.49. The trade was a 67.32% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 2.65% of the company’s stock.

Hedge Funds Weigh In On Cleanspark

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Hantz Financial Services Inc. lifted its position in shares of Cleanspark by 115.5% in the third quarter. Hantz Financial Services Inc. now owns 1,748 shares of the company’s stock worth $25,000 after buying an additional 937 shares during the last quarter. Quarry LP bought a new stake in shares of Cleanspark in the 3rd quarter valued at approximately $26,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in Cleanspark during the second quarter worth $29,000. Fifth Third Bancorp boosted its stake in Cleanspark by 145.3% in the second quarter. Fifth Third Bancorp now owns 2,860 shares of the company’s stock worth $32,000 after purchasing an additional 1,694 shares in the last quarter. Finally, Salomon & Ludwin LLC bought a new stake in Cleanspark during the 3rd quarter worth about $32,000. 43.12% of the stock is currently owned by hedge funds and other institutional investors.

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.