Intrinsic Edge Capital Management LLC Purchases 770,000 Shares of Cleanspark, Inc. $CLSK

Intrinsic Edge Capital Management LLC increased its holdings in Cleanspark, Inc. (NASDAQ:CLSK) by 617.3% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 894,735 shares of the company’s stock after buying an additional 770,000 shares during the period. Cleanspark accounts for approximately 1.3% of Intrinsic Edge Capital Management LLC’s portfolio, making the stock its 23rd largest holding. Intrinsic Edge Capital Management LLC’s holdings in Cleanspark were worth $7,614,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in CLSK. Quarry LP bought a new position in Cleanspark in the 3rd quarter worth about $26,000. Morse Asset Management Inc purchased a new stake in shares of Cleanspark in the 3rd quarter valued at about $32,000. Danske Bank A S bought a new stake in shares of Cleanspark during the 4th quarter valued at about $25,000. CIBC Private Wealth Group LLC boosted its position 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 acquiring an additional 2,947 shares during the last quarter. Finally, Parallel Advisors LLC grew its holdings in shares of Cleanspark by 2,019.6% during the third quarter. Parallel Advisors LLC now owns 3,900 shares of the company’s stock worth $57,000 after purchasing an additional 3,716 shares in the last quarter. 43.12% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. HC Wainwright restated a “buy” rating on shares of Cleanspark in a research report on Tuesday, July 14th. Maxim Group lifted their target price on shares of Cleanspark from $18.00 to $22.00 and gave the company a “buy” rating in a research report on Tuesday, May 12th. Chardan Capital boosted their price target on shares of Cleanspark from $19.00 to $21.00 and gave the stock a “buy” rating in a research note on Tuesday. Zacks Research raised shares of Cleanspark from a “strong sell” rating to a “hold” rating in a report on Friday, July 10th. Finally, BTIG Research restated a “buy” rating and set a $26.00 price objective on shares of Cleanspark in a research report on Tuesday, July 14th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $23.35.

Cleanspark News Roundup

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

Cleanspark Price Performance

CLSK opened at $12.01 on Thursday. The stock has a 50-day moving average price of $15.36 and a 200-day moving average price of $12.62. Cleanspark, Inc. has a 12-month low of $8.00 and a 12-month high of $23.61. The company has a current ratio of 8.26, a quick ratio of 8.26 and a debt-to-equity ratio of 1.81. The stock has a market capitalization of $3.08 billion, a P/E ratio of -5.72 and a beta of 3.83.

Cleanspark (NASDAQ:CLSK) last announced its quarterly earnings data on Monday, May 11th. The company reported ($1.52) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.25) by ($1.27). The firm had revenue of $136.41 million for the quarter, compared to analysts’ expectations of $145.35 million. Cleanspark had a negative net margin of 67.66% and a positive return on equity of 7.07%. The business’s quarterly revenue was down 24.9% on a year-over-year basis. During the same period in the prior year, the business posted ($0.49) earnings per share. Equities analysts predict that Cleanspark, Inc. will post -1.19 earnings per share for the current fiscal year.

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.