Stock Traders Buy High Volume of Cleanspark Call Options (NASDAQ:CLSK)

Cleanspark, Inc. (NASDAQ:CLSK) was the recipient of unusually large options trading on Tuesday. Stock traders purchased 95,624 call options on the company. This represents an increase of 49% compared to the average volume of 63,983 call options.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Quarry LP bought a new position in shares of Cleanspark in the third quarter worth approximately $26,000. Morse Asset Management Inc bought a new stake in shares of Cleanspark during the 3rd quarter valued at $32,000. Danske Bank A S purchased a new position in shares of Cleanspark during the 4th quarter valued at $25,000. CIBC Private Wealth Group LLC lifted its stake in shares of Cleanspark by 5,081.0% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 3,005 shares of the company’s stock valued at $44,000 after buying an additional 2,947 shares in the last quarter. Finally, Parallel Advisors LLC boosted its holdings in Cleanspark by 2,019.6% in the 3rd quarter. Parallel Advisors LLC now owns 3,900 shares of the company’s stock worth $57,000 after buying an additional 3,716 shares during the period. 43.12% of the stock is currently owned by institutional investors.

Cleanspark Trading Up 5.1%

Shares of CLSK stock opened at $14.13 on Thursday. Cleanspark has a 1 year low of $8.00 and a 1 year high of $23.61. The firm has a fifty day moving average price of $15.34 and a 200-day moving average price of $12.41. The company has a debt-to-equity ratio of 1.81, a current ratio of 8.26 and a quick ratio of 8.26. The company has a market cap of $3.63 billion, a price-to-earnings ratio of -6.73 and a beta of 3.83.

Cleanspark (NASDAQ:CLSK) last announced its earnings results on Monday, May 11th. The company reported ($1.52) EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $136.41 million during the quarter, compared to the consensus estimate of $145.35 million. During the same period in the prior year, the business 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 predict that Cleanspark will post -1.19 earnings per share for the current year.

Cleanspark News Summary

Here are the key news stories impacting Cleanspark this week:

• Positive Sentiment: Cleanspark secured a $6.6 billion, 20-year AI data center lease, which could transform it into a higher-valued digital infrastructure landlord rather than just a crypto miner. Article Title
• Positive Sentiment: Analysts turned more bullish, with Needham raising its price target to $23 and Chardan and BTIG reiterating buy ratings, reinforcing optimism around the stock’s re-rating.
• Positive Sentiment: Market commentary says the AI power bottleneck is creating demand for miners’ electricity and infrastructure, which benefits CleanSpark’s existing assets and could support additional deals. Article Title
• Neutral Sentiment: Some analysts note the move is promising but still depends on execution, financing, and timely buildout before revenue starts flowing in 2027. Article Title
• Negative Sentiment: The project requires substantial upfront capital, and investors are still watching closely for any dilution or financing pressure while CLSK expands into AI hosting.

Analysts Set New Price Targets

A number of research firms recently commented on CLSK. Zacks Research upgraded Cleanspark from a “strong sell” rating to a “hold” rating in a research report on Friday, July 10th. Needham & Company LLC raised their target price on Cleanspark from $18.00 to $23.00 and gave the stock a “buy” rating in a research report on Wednesday. Cantor Fitzgerald raised their target price on Cleanspark from $17.00 to $26.00 and gave the stock an “overweight” rating in a research report on Wednesday. BTIG Research restated a “buy” rating and set a $26.00 price target on shares of Cleanspark in a research note on Tuesday. Finally, Keefe, Bruyette & Woods upped their price target on shares of Cleanspark from $14.00 to $16.00 and gave the company an “outperform” rating in a research report on Wednesday, May 13th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Cleanspark currently has a consensus rating of “Moderate Buy” and a consensus price target of $22.34.

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.