Cleanspark’s (CLSK) Overweight Rating Reaffirmed at Cantor Fitzgerald

Cantor Fitzgerald reaffirmed their overweight rating on shares of Cleanspark (NASDAQ:CLSK) in a research note published on Friday,Benzinga reports. They currently have a $26.00 price target on the stock.

Other equities analysts also recently issued reports about the stock. Citizens Jmp initiated coverage on shares of Cleanspark in a research note on Wednesday, June 24th. They set a “market outperform” rating and a $27.00 target price on the stock. Zacks Research raised shares of Cleanspark from a “strong sell” rating to a “hold” rating in a research report on Friday, July 10th. Needham & Company LLC upped their price objective on Cleanspark from $18.00 to $23.00 and gave the company a “buy” rating in a report on Wednesday, July 15th. Weiss Ratings lowered Cleanspark from a “sell (d)” rating to a “sell (d-)” rating in a research report on Friday, May 22nd. Finally, Maxim Group raised their target price on Cleanspark from $18.00 to $22.00 and gave the stock a “buy” rating in a research note on Tuesday, May 12th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $23.88.

Cleanspark Stock Down 3.5%

Shares of CLSK opened at $12.30 on Friday. Cleanspark has a 52-week low of $8.00 and a 52-week high of $23.61. The company has a market capitalization of $3.16 billion, a PE ratio of -3.26 and a beta of 3.86. The stock has a fifty day simple moving average of $14.89 and a two-hundred day simple moving average of $12.67. The company has a quick ratio of 8.26, a current ratio of 8.26 and a debt-to-equity ratio of 1.81.

Cleanspark (NASDAQ:CLSK) last announced its quarterly earnings results on Monday, May 11th. The company reported ($1.52) earnings per share for the quarter, missing the consensus estimate of ($0.25) by ($1.27). Cleanspark had a negative net margin of 146.90% and a negative return on equity of 16.32%. The firm had revenue of $136.41 million for the quarter, compared to analyst estimates of $145.35 million. During the same period in the previous year, the firm posted ($0.49) EPS. The company’s revenue was down 24.9% compared to the same quarter last year. As a group, equities analysts forecast that Cleanspark will post -1.23 EPS for the current year.

Institutional Trading of Cleanspark

Several hedge funds have recently made changes to their positions in CLSK. Situational Awareness LP grew its holdings in shares of Cleanspark by 648.4% in the first quarter. Situational Awareness LP now owns 12,276,139 shares of the company’s stock valued at $104,470,000 after purchasing an additional 10,635,739 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Cleanspark by 81.3% in the first quarter. Dimensional Fund Advisors LP now owns 14,102,777 shares of the company’s stock valued at $120,007,000 after acquiring an additional 6,323,715 shares in the last quarter. Marex Group plc raised its stake in shares of Cleanspark by 23,812.2% in the fourth quarter. Marex Group plc now owns 5,400,561 shares of the company’s stock valued at $54,654,000 after acquiring an additional 5,377,976 shares in the last quarter. Voloridge Investment Management LLC purchased a new position in Cleanspark in the third quarter valued at $56,056,000. Finally, Renaissance Technologies LLC purchased a new position in Cleanspark in the fourth quarter valued at $26,125,000. Institutional investors and hedge funds own 43.12% of the company’s stock.

Cleanspark News Roundup

Here are the key news stories impacting Cleanspark this week:

• Positive Sentiment: CleanSpark signed a 20-year, $6.6 billion triple-net lease for its Sandersville, Georgia, AI data center with a high-quality investment-grade tenant. The company said the project’s anticipated equity contribution is fully funded and that long-lead equipment has been ordered and prepaid, supporting its strategy to diversify beyond bitcoin mining. CleanSpark Reports Third Fiscal Quarter 2026 Results
• Positive Sentiment: Management highlighted the Sandersville lease as the foundation of its AI infrastructure pivot, with approximately $6.6 billion in contracted revenue. Financing is expected to rely on debt rather than issuing new equity, which could limit dilution if executed as planned. CleanSpark’s Q3 Earnings Call Centers on Sandersville AI Lease
• Positive Sentiment: Cantor Fitzgerald reaffirmed its “overweight” rating and assigned a $26 price target, implying substantial upside from recent trading levels. The bullish view appears tied primarily to the potential value of CleanSpark’s AI data-center expansion. Cantor Fitzgerald rating update
• Neutral Sentiment: The Sandersville project is a major strategic opportunity, but investors will likely monitor construction progress, financing costs, tenant execution and the timing of revenue recognition before assigning full value to the contracted lease.
• Negative Sentiment: Third-quarter results missed expectations. CleanSpark reported a per-share loss of $0.89 versus a consensus loss of $0.48, while revenue of $138.0 million fell short of the $142.4 million estimate. Revenue also declined 30.5% year over year, and the company remained deeply unprofitable. CleanSpark third-quarter earnings report
• Negative Sentiment: The earnings weakness reinforces concerns about CleanSpark’s near-term bitcoin-mining economics and the execution risk involved in transitioning toward capital-intensive AI infrastructure.

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.