CleanSpark Inc ($CLSK) Stock Forecast: Up 5.5% Today

What is CleanSpark Inc?

CleanSpark, Inc. (CLSK) is an energy software and services provider specializing in microgrid controls. The stock has shown recent price performance with a one-year low of $8.00 and a high of $23.61. Today, CLSK experienced a strong bullish movement in the market.

Why is CleanSpark Inc going up?

CLSK stock is up 5.5% on May 11, 2026 13:50

• The State of New Jersey Common Pension Fund D and UBS Group AG significantly increased their stakes in CLSK during the fourth quarter, with UBS Group AG acquiring over 1.6 million additional shares. This influx of institutional investment likely contributed to the bullish movement in the stock.
• Despite Sanctuary Advisors LLC selling a portion of its stake in CLSK, the overall sentiment remains positive with other large institutions like New York State Teachers Retirement System increasing their holdings.
• The company's recent SEC filings, including updates on equity transactions and expansions in Bitcoin mining and high-performance computing, may have also instilled confidence in investors, driving the bullish market movement.
• Analysts maintaining a "Moderate Buy" consensus rating for CLSK, with an average price target of $20.29, further supports the positive outlook for the stock following the increased institutional interest and strategic company developments.

CLSK Price Chart

CLSK Technical Analysis

CLSK News

State of New Jersey Common Pension Fund D Takes $2.02 Million Position in Cleanspark, Inc. $CLSK

The State of New Jersey Common Pension Fund D has acquired a new stake in Cleanspark, Inc. (NASDAQ:CLSK), purchasing 199,524 shares valued at approximately $2.02 million during the fourth quarter. This acquisition represents about 0.08% of CleanSpark's stock. Other institutional investors have also increased their holdings in CLSK, leading to hedge funds and institutions now owning 43.12% of the stock.

https://www.marketbeat.com/instant-alerts/filing-state-of-new-jersey-common-pension-fund-d-takes-202-million-position-in-cleanspark-inc-clsk-2026-05-11/

Sanctuary Advisors LLC Sells 93,647 Shares of Cleanspark, Inc. $CLSK

Sanctuary Advisors LLC significantly reduced its stake in Cleanspark, Inc. (NASDAQ:CLSK) during the fourth quarter, selling 93,647 shares and retaining 48,056 shares valued at $486,000. Despite this and mixed institutional activity, Cleanspark maintains a "Moderate Buy" analyst rating with a consensus price target of $20.29, against a recent trading price of $14.20. The company, an energy software and services provider specializing in microgrid controls, has shown recent price performance with a one-year low of $8.00 and a high of $23.61.

https://www.marketbeat.com/instant-alerts/filing-sanctuary-advisors-llc-sells-93647-shares-of-cleanspark-inc-clsk-2026-05-10/

UBS Group AG Acquires 1,602,830 Shares of Cleanspark, Inc. $CLSK

UBS Group AG significantly increased its stake in Cleanspark, Inc. (NASDAQ:CLSK) by 81.1% in the fourth quarter, purchasing over 1.6 million additional shares and bringing its total holdings to 3,579,166 shares valued at approximately $36.2 million. Other institutional investors like Vanguard and Invesco also boosted their positions, with institutions now owning about 43.12% of the stock. While analyst sentiment is mixed, the stock holds an average "Moderate Buy" rating with a target price of $20.29.

https://www.marketbeat.com/instant-alerts/filing-ubs-group-ag-acquires-1602830-shares-of-cleanspark-inc-clsk-2026-05-09/

CLSK SEC Filings - Cleanspark Inc 10-K, 10-Q, 8-K Forms

This page provides a comprehensive resource for investors and traders to access CleanSpark Inc. (CLSK) SEC filings, including annual reports (10-K), quarterly earnings (10-Q), material events (8-K), and insider trading forms. It details recent filings covering equity transactions, changes to corporate bylaws, new credit facilities, and an increase in an existing credit facility, all aimed at supporting the company's Bitcoin mining and high-performance computing expansion. The platform also offers AI-powered tools to summarize and analyze these complex disclosures.

https://www.stocktitan.net/sec-filings/CLSK/page-5.html

New York State Teachers Retirement System Buys 93,649 Shares of Cleanspark, Inc. $CLSK

The New York State Teachers Retirement System increased its stake in Cleanspark, Inc. (NASDAQ: CLSK) by 37.7% in Q4, purchasing 93,649 additional shares to own a total of 341,749 shares valued at $3.46 million. Several other large institutions, including Voloridge Investment Management LLC and UBS Group AG, also significantly increased their holdings, bringing total institutional ownership to 43.12%. Analysts have a "Moderate Buy" consensus rating for CLSK, with an average price target of $20.29.

https://www.marketbeat.com/instant-alerts/filing-new-york-state-teachers-retirement-system-buys-93649-shares-of-cleanspark-inc-clsk-2026-05-08/

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CleanSpark Inc Price History

16.03.2026 - CLSK Stock was up 5.4%

• Despite short-term bullish signals, the stock saw resistance and dropped by 3.59% to $10.87. Technical indicators point to overbought conditions and a potential sideways trading range.
• Traders displayed strong bullish sentiment through the purchase of a significant volume of call options, signaling confidence in the stock's future performance.
• The increase in CleanSpark's stock price is linked to the overall upsurge in the cryptocurrency market, benefiting companies like CleanSpark engaged in mining.
• CleanSpark is outperforming other stocks in the crypto treasury sector, indicating positive trends and growing attention towards companies involved in cryptocurrency activities.

11.04.2026 - CLSK Stock was up 5.5%

• The State of New Jersey Common Pension Fund D and UBS Group AG significantly increased their stakes in CLSK during the fourth quarter, with UBS Group AG acquiring over 1.6 million additional shares. This influx of institutional investment likely contributed to the bullish movement in the stock.
• Despite Sanctuary Advisors LLC selling a portion of its stake in CLSK, the overall sentiment remains positive with other large institutions like New York State Teachers Retirement System increasing their holdings.
• The company's recent SEC filings, including updates on equity transactions and expansions in Bitcoin mining and high-performance computing, may have also instilled confidence in investors, driving the bullish market movement.
• Analysts maintaining a "Moderate Buy" consensus rating for CLSK, with an average price target of $20.29, further supports the positive outlook for the stock following the increased institutional interest and strategic company developments.

24.03.2026 - CLSK Stock was up 5.9%

• Market analysts have given CLSK an average rating of "Moderate Buy" and set a consensus 1-year price target of $20.37, indicating optimism and growth potential within the company.
• The recent acquisition of a significant stake in CLSK by Benchmark Financial LLC reflects strong faith in the company's future, which has contributed to its positive market performance.
• Cantor Fitzgerald's optimistic outlook on CLSK, despite a reduction in price target, signals confidence in the company's sustainability and its position in the AI infrastructure sector.
• The surge in CLSK stock value, triggered by its involvement in an AI-focused conference and its operational achievements such as mining 658 Bitcoin, underscores investors' interest and trust in the company's strategic direction, especially amidst the changing landscape of the cryptocurrency market.

21.03.2026 - CLSK Stock was down 5.1%

• Benchmark Financial LLC recently acquired a notable stake in CleanSpark, evidencing confidence in the company's prospects.
• While Cantor Fitzgerald holds an optimistic view on the company, the price target for CLSK was reduced, reflecting caution in the advancing AI market.
• CleanSpark's stock price saw a significant increase following its involvement in an AI revolution conference, demonstrating investor interest in the company's activities.
• The decline in CLSK's stock today may be due to profit-taking after a period of strong upward momentum, particularly with overbought conditions potentially leading to a consolidation phase.

28.03.2026 - CLSK Stock was down 5.1%

• Despite a period of bullish activity, CLSK stock witnessed a downturn of 3.10% today, indicating a shift towards a bearish trend.
• This decline may be linked to technical factors, including price consolidation in the $11.50 to $13.00 range and the potential breach of the $11.50 support level, heightening the risk of further decline.
• Analysts' concerns regarding heightened volatility and overbought conditions could have prompted profit-taking among investors, leading to the bearish movement.
• CleanSpark's optimistic long-term outlook, driven by its rapid expansion in Bitcoin mining and favorable analyst projections, suggests that today's bearish trend might represent a temporary obstacle in its growth trajectory.

30.03.2026 - CLSK Stock was up 8.9%

• CleanSpark's stock exhibited a bullish pattern even after delaying its financial results webcast, signaling investor confidence in the company's future.
• The stock's performance stood out from the overall market direction, demonstrating its resilience and growth potential in the cryptocurrency and technology industries.
• Based on technical analysis, CLSK is expected to have limited upward movement in the short term as it consolidates within a specific price range, while overall sentiment remains positive.
• AI-driven analysis indicates a favorable risk-reward scenario for CleanSpark, reflecting investor optimism regarding the stock's future performance and potential gains in the near to medium run.

15.03.2026 - CLSK Stock was down 5.4%

• Increased call options for CLSK signal positive sentiment among traders, while conflicting analyst views and price target adjustments may have influenced the downward trend.
• The uptick in the overall cryptocurrency market, with a 3.54% rise in total market cap, likely initially supported CLSK's stock price.
• Despite being a top performer in the crypto treasury stocks category, technical indicators indicating an overbought status and strong resistance levels near $12.21 probably prompted profit-taking and the subsequent downturn.
• Cantor Fitzgerald's optimistic AI infrastructure outlook and the revised price target for CLSK could have exacerbated uncertainty, prompting some investors to divest their holdings and contributing to the bearish trajectory.

17.03.2026 - CLSK Stock was up 7.7%

• The surge in CleanSpark's stock price is attributed to the positive momentum in the cryptocurrency market, favoring mining operators like CleanSpark.
• Despite encountering resistance within the $10.30–$11.85 range, the stock closed higher, driven by increased institutional engagement and robust bitcoin production.
• Traders displayed significant bullish sentiment through a notable volume of call options, reflecting optimism regarding CleanSpark's future, despite conflicting analyst views and technical signals signaling possible overbought conditions.
• The forthcoming earnings report, which is anticipated to show a considerable year-over-year decline, might introduce some volatility in the stock price in the short term. However, the general perspective remains positive for medium-term investors, contingent on the maintenance of key support levels.

06.04.2026 - CLSK Stock was up 6.6%

• CLSK stock experienced a strong bullish movement, increasing by nearly 4%.
• The bullish trend can be attributed to the strategic acquisition of the second Texas campus, expanding the company's capacity and operational footprint.
• Additionally, the overall sector-wide rally also contributed to the stock surge, indicating a broader market rotation rather than company-specific news.
• The upcoming webcast to discuss Q2 2026 financial results may also be generating positive investor sentiment and anticipation, further supporting the bullish movement in CLSK stock.

04.04.2026 - CLSK Stock was up 5.4%

• CLSK experienced a 10.4% surge, driven by optimism in the crypto industry and the company's commitment to growing its Bitcoin mining activities and AI/HPC infrastructure.
• The growth in Bitcoin production and hashrate, as well as the accumulation of a substantial portfolio of coins, bolstered market confidence in CLSK.
• Despite some concerns regarding profitability and free cash flow, the company's proactive expansion strategy, solid profit margins, and cash reserves attracted traders and investors, resulting in the stock's upward movement.
• The revelation of Vanguard Capital Management's 5.08% ownership stake in CLSK further contributed to the positive outlook for the company, reflecting endorsement from a notable institutional investor.

07.04.2026 - CLSK Stock was down 5.3%

• The decline in CLSK stock today was likely due to profit-taking by investors following a period of significant price appreciation, influenced by the following factors:
• The company's recent achievements, including the mining of 640 bitcoin in April and the acquisition of a second Texas campus with 300 MW capacity, possibly led to investors cashing out gains.
• Uncertainty surrounding the upcoming webcast on Q2 2026 financial results may have made investors cautious, contributing to the bearish movement.
• The stock's recent upswing, driven by analyst upgrades and positive business developments, might have prompted some traders to take a conservative approach, putting downward pressure on the stock price.

05.04.2026 - CLSK Stock was up 5.2%

• The stock of CleanSpark surged by 10.4% due to positive sentiment in bitcoin-linked equities and the company's focus on scaling its mining operations and developing AI/HPC infrastructure.
• The rally was also influenced by increased Bitcoin output and hashrate, showcasing the company's growth in the mining sector.
• Disclosure of a 5.08% ownership in CleanSpark by Vanguard Capital Management further solidifies investor confidence in the company, contributing to the bullish movement.
• Overall, the bullish market movement for CleanSpark can be attributed to the positive industry sentiment, operational updates, and institutional investor activity, signaling a promising outlook for the company's future performance.