Swiss National Bank Sells 48,400 Shares of Cleanspark, Inc. $CLSK

Swiss National Bank reduced its stake in shares of Cleanspark, Inc. (NASDAQ:CLSK) by 8.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 505,800 shares of the company’s stock after selling 48,400 shares during the quarter. Swiss National Bank’s holdings in Cleanspark were worth $4,304,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Danske Bank A S purchased a new position in shares of Cleanspark in the fourth quarter worth $25,000. Quarry LP bought a new stake in Cleanspark in the 3rd quarter valued at $26,000. Morse Asset Management Inc purchased a new stake in Cleanspark in the 3rd quarter worth $32,000. Strs Ohio purchased a new stake in Cleanspark in the 1st quarter worth $38,000. Finally, CIBC Private Wealth Group LLC boosted its holdings 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 purchasing an additional 2,947 shares during the last quarter. Institutional investors own 43.12% of the company’s stock.

Cleanspark Trading Down 10.9%

Shares of CLSK opened at $12.01 on Thursday. The company’s fifty day simple moving average is $15.36 and its 200-day simple moving average is $12.62. The company has a market cap of $3.08 billion, a P/E ratio of -5.72 and a beta of 3.83. The company has a current ratio of 8.26, a quick ratio of 8.26 and a debt-to-equity ratio of 1.81. Cleanspark, Inc. has a twelve month low of $8.00 and a twelve month high of $23.61.

Cleanspark (NASDAQ:CLSK) last released its quarterly 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 firm had revenue of $136.41 million for the quarter, compared to analysts’ expectations of $145.35 million. During the same period in the prior year, the firm posted ($0.49) earnings per share. Cleanspark’s revenue for the quarter was down 24.9% on a year-over-year basis. As a group, analysts expect that Cleanspark, Inc. will post -1.19 EPS for the current year.

Key Headlines Impacting Cleanspark

Here are the key news stories impacting Cleanspark this week:

• Positive Sentiment: A 20-year, $6.6 billion triple-net lease covering 175 megawatts at CleanSpark’s Sandersville, Georgia, facility supports the company’s pivot toward AI infrastructure and could provide significant recurring revenue. The stock may have additional upside if CleanSpark leases its remaining 885 megawatts of Texas capacity. Is CleanSpark Undervalued After Its 20 Year Infrastructure Lease?
• Positive Sentiment: Analysts raised their valuation targets, with Keefe, Bruyette & Woods increasing its target from $16 to $25 and maintaining an “outperform” rating, while Chardan Capital lifted its target from $19 to $21 and kept a “buy” rating. These targets indicate substantial potential upside if the AI data-center expansion is executed successfully. Analyst Price Target Updates
• Neutral Sentiment: Recent coverage highlighted increased investor and analyst attention toward CleanSpark, but the reports did not identify a major new operating catalyst beyond the previously announced lease. CleanSpark Investor Attention
• Negative Sentiment: Despite the large lease, an analysis downgraded CleanSpark from “strong buy” to “buy,” citing limited near-term catalysts, substantial anticipated capital needs and potential shareholder dilution. Grid constraints and delays in energizing facilities could also postpone revenue from the AI expansion. CleanSpark AI Pivot and Dilution Risks
• Negative Sentiment: The market’s reaction reflects concern about CleanSpark’s fundamentals as well as execution risk: its latest reported quarter missed earnings and revenue expectations, with revenue down year over year and a deeply negative net margin. Those results make investors more sensitive to the company’s need for additional financing while it develops its data-center portfolio. Why CleanSpark Stock Is Down

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. BTIG Research reaffirmed a “buy” rating and issued a $26.00 target price on shares of Cleanspark in a report on Tuesday, July 14th. Keefe, Bruyette & Woods raised their price target on Cleanspark from $16.00 to $25.00 and gave the company an “outperform” rating in a report on Tuesday. Weiss Ratings downgraded Cleanspark from a “sell (d)” rating to a “sell (d-)” rating in a research note on Friday, May 22nd. Zacks Research upgraded Cleanspark from a “strong sell” rating to a “hold” rating in a research report on Friday, July 10th. Finally, Chardan Capital raised their target price on shares of Cleanspark from $19.00 to $21.00 and gave the company a “buy” rating in a report on Tuesday. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Cleanspark presently has a consensus rating of “Moderate Buy” and a consensus price target of $23.35.

Cleanspark 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.