The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
The Bitcoin miner announced it had successfully priced an upsized $1.15 billion capital raise, a move designed to fuel its aggressive expansion. Yet, in the following trading session, its stock fell 6.55% to close at $14.05 on heavy volume of over 75 million shares.
CleanSpark (CLSK) closed at $15.03 in the latest trading session, marking a -3.47% move from the prior day.
CleanSpark (CLSK) is evolving from a pure Bitcoin miner into a diversified digital infrastructure and energy company, expanding into AI data centers and high-performance computing. CLSK leverages its vast, low-cost power capacity and cutting-edge mining technology to maintain industry-leading efficiency and a robust Bitcoin treasury, supporting future growth and acquisitions. Strategic partnerships and aggressive expansion into AI infrastructure position CLSK for long-term value, with options market data signaling strong bullish sentiment into year-end.
In the closing of the recent trading day, CleanSpark (CLSK) stood at $17.42, denoting a -2.13% move from the preceding trading day.
CleanSpark (CLSK) closed at $19.15 in the latest trading session, marking a -5.2% move from the prior day.
In the most recent trading session, CleanSpark (CLSK) closed at $19.99, indicating a -13.84% shift from the previous trading day.
Why investors should use the Zacks Earnings ESP tool to help find stocks that are poised to top quarterly earnings estimates.
CleanSpark reported $198.6 million in Q3 2025 revenue, up 91% YoY, with net income of $257 million ($0.90/share). The company operates 50 EH/s, representing 5.8% of global Bitcoin network power, supported by 1 GW of contracted energy capacity. Average power cost fell to $0.056/kWh, and cost per Bitcoin mined was $44,806, less than half industry average.
CleanSpark (CLSK) reached $19.28 at the closing of the latest trading day, reflecting a -4.03% change compared to its last close.
CleanSpark has surged 40% in two months, reaching my prior $15 target, yet momentum remains strong with new $100M credit for HPC expansion. CLSK's pivot to high-processing computing diversifies revenue, reduces Bitcoin dependency, and positions the company for growth in the booming cloud computing market. Recent results show 90% YoY revenue growth, strong profitability, and continued mining expansion, while favorable crypto seasonality and pro-crypto policies provide tailwinds.
CleanSpark, Inc. remains a compelling Buy, benefiting from surging Bitcoin prices and significant expansion in mining capacity. CLSK boasts a crypto-rich balance sheet and recently secured a $100M credit facility from Coinbase to further boost its hash rate and production. Despite rising mining costs and share dilution, CLSK maintains strong gross margins and trades at an attractive 8.7x EV/adjusted EBITDA multiple.