Pictet Asset Management Holding SA Increases Position in Cleanspark, Inc. $CLSK

Pictet Asset Management Holding SA increased its stake in Cleanspark, Inc. (NASDAQ:CLSK) by 103.9% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 94,597 shares of the company’s stock after acquiring an additional 48,193 shares during the period. Pictet Asset Management Holding SA’s holdings in Cleanspark were worth $957,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CLSK. Integrated Wealth Concepts LLC purchased a new position in Cleanspark in the first quarter worth $68,000. Caxton Associates LLP purchased a new position in Cleanspark in the first quarter worth $169,000. United Services Automobile Association purchased a new position in Cleanspark in the first quarter worth $125,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Cleanspark by 16.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 598,994 shares of the company’s stock worth $4,025,000 after acquiring an additional 86,229 shares in the last quarter. Finally, Strs Ohio purchased a new position in Cleanspark in the first quarter worth $38,000. 43.12% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CLSK has been the subject of several research reports. Keefe, Bruyette & Woods cut their target price on shares of Cleanspark from $18.00 to $14.00 and set an “outperform” rating for the company in a research report on Monday, February 9th. Northland Securities started coverage on shares of Cleanspark in a research report on Tuesday, January 13th. They set an “outperform” rating and a $22.50 price target for the company. Zacks Research upgraded shares of Cleanspark from a “strong sell” rating to a “hold” rating in a research report on Friday, February 20th. Weiss Ratings lowered shares of Cleanspark from a “hold (c-)” rating to a “sell (d)” rating in a research report on Monday, February 9th. Finally, B. Riley Financial cut their price target on shares of Cleanspark from $22.00 to $19.00 and set a “buy” rating for the company in a research report on Wednesday, February 11th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Cleanspark presently has an average rating of “Moderate Buy” and a consensus price target of $20.29.

Key Headlines Impacting Cleanspark

Here are the key news stories impacting Cleanspark this week:

• Positive Sentiment: Company pivoting into AI/hyperscale hosting, expanding to >1.8 GW of power/land/capacity and adding 300 MW of new Texas campuses; reports advanced talks with an investment‑grade hyperscaler for long‑term data center usage — this broadens revenue streams beyond Bitcoin mining and likely drove bullish sentiment. Read More.
• Positive Sentiment: April 2026 operational update (unaudited) described another strong month for Bitcoin mining/operations and reiterated management confidence in the company’s plan — supports near‑term operational stability while the business transitions. Read More.
• Positive Sentiment: Needham set a new $18 price target on CLSK, signaling analyst optimism and providing cover for buy-side flows. Read More.
• Positive Sentiment: Operational overview of the 250 MW Sandersville, GA campus highlights strategic location (near Atlanta) and greenfield build approach for AI workloads — reinforces the company’s capability to execute larger, hyperscale facilities. Read More.
• Neutral Sentiment: Management to host a webcast to discuss Q2 2026 financial results — a standard event that could move stock on guidance/metrics but is informational until results/remarks are released. Read More.
• Neutral Sentiment: Company-published technical pieces (cooling systems, GPU efficiency, addressing data-center resource myths) explain strategy and operational differentiators but are unlikely to change fundamentals immediately; they help shape narrative around sustainability and infrastructure expertise. Read More. Read More. Read More.
• Neutral Sentiment: Coverage note: a new analyst rating/coverage item was published (The Globe & Mail referenced coverage), which can increase investor attention but does not itself change fundamentals. Read More.

Cleanspark Stock Performance

NASDAQ CLSK opened at $14.50 on Thursday. The company has a 50-day simple moving average of $10.42 and a two-hundred day simple moving average of $12.06. The company has a quick ratio of 10.54, a current ratio of 10.54 and a debt-to-equity ratio of 1.29. Cleanspark, Inc. has a 12-month low of $7.91 and a 12-month high of $23.61. The firm has a market cap of $3.71 billion, a price-to-earnings ratio of -13.55 and a beta of 3.71.

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.