Chardan Capital Lowers Cleanspark (NASDAQ:CLSK) Price Target to $16.00

Cleanspark (NASDAQ:CLSK) had its price objective lowered by research analysts at Chardan Capital from $30.00 to $16.00 in a research report issued on Friday,Benzinga reports. The firm currently has a “buy” rating on the stock. Chardan Capital’s price target suggests a potential upside of 58.73% from the stock’s current price.

Several other brokerages have also recently issued reports on CLSK. Northland Securities started coverage on shares of Cleanspark in a research note on Tuesday, January 13th. They issued an “outperform” rating and a $22.50 price objective on the stock. Macquarie Infrastructure dropped their price target on shares of Cleanspark from $30.00 to $27.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 26th. Sanford C. Bernstein increased their price target on shares of Cleanspark from $20.00 to $24.00 and gave the stock an “outperform” rating in a report on Monday, November 3rd. HC Wainwright reduced their price objective on shares of Cleanspark from $30.00 to $27.00 and set a “buy” rating for the company in a research report on Wednesday, November 26th. Finally, BTIG Research boosted their target price on Cleanspark from $22.00 to $26.00 and gave the stock a “buy” rating in a research report on Monday, October 13th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Cleanspark has a consensus rating of “Moderate Buy” and an average target price of $21.13.

Cleanspark Trading Up 21.9%

Shares of CLSK stock opened at $10.08 on Friday. The company has a market capitalization of $2.58 billion, a P/E ratio of -9.42 and a beta of 3.47. The company has a current ratio of 4.18, a quick ratio of 4.18 and a debt-to-equity ratio of 0.30. The business’s 50 day moving average is $12.32 and its two-hundred day moving average is $12.98. Cleanspark has a twelve month low of $6.45 and a twelve month high of $23.61.

Insider Buying and Selling

In related news, Director Amanda Cavaleri sold 33,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 4th. The stock was sold at an average price of $15.02, for a total value of $495,660.00. Following the completion of the transaction, the director directly owned 107,289 shares of the company’s stock, valued at $1,611,480.78. This trade represents a 23.52% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Thomas Leigh Wood sold 85,315 shares of the business’s stock in a transaction on Tuesday, December 23rd. The stock was sold at an average price of $11.69, for a total value of $997,332.35. Following the sale, the director owned 41,421 shares in the company, valued at approximately $484,211.49. The trade was a 67.32% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 2.08% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in CLSK. Hantz Financial Services Inc. grew its stake in Cleanspark by 115.5% in the 3rd quarter. Hantz Financial Services Inc. now owns 1,748 shares of the company’s stock valued at $25,000 after acquiring an additional 937 shares during the last quarter. Danske Bank A S purchased a new stake in shares of Cleanspark in the fourth quarter valued at about $25,000. Quarry LP acquired a new stake in shares of Cleanspark in the third quarter valued at approximately $26,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in shares of Cleanspark during the 2nd quarter worth approximately $29,000. Finally, Salomon & Ludwin LLC acquired a new position in shares of Cleanspark during the 3rd quarter worth approximately $32,000. Institutional investors and hedge funds own 43.12% of the company’s stock.

More Cleanspark News

Here are the key news stories impacting Cleanspark this week:

• Positive Sentiment: Operations & liquidity — CleanSpark produced 573 BTC in January and sold about $14.6M of BTC to fund operations, a sign of ongoing mining output and cash-generation actions that support near-term liquidity. Article Title
• Positive Sentiment: AI & power expansion — The company reported it secured up to 890 MW of new utility-grade power capacity and is advancing a multi-gigawatt AI infrastructure platform, which supports its strategic pivot beyond bitcoin mining and could drive future revenue diversification. Article Title
• Neutral Sentiment: Analyst price-target adjustments — Needham cut its target from $25 to $19 but kept a buy rating; Chardan trimmed its target from $30 to $16 and also remains constructive. These cuts temper upside expectations but leave institutional support intact. Article Title
• Neutral Sentiment: Earnings call transcripts published — Management commentary from the Q1 call is available (transcripts on Seeking Alpha/MSN/Yahoo) for investors who want details on margins, capex, BTC strategy and the AI buildout. Article Title
• Negative Sentiment: Q1 results missed expectations — CleanSpark reported revenue of ~$181.2M (below ~ $200M consensus) and an EPS loss that was wider than expected, prompting after-hours weakness. The miss highlights near-term pressure from bitcoin price declines and execution/cost dynamics. Article Title
• Negative Sentiment: Analyst/sector downgrades tied to bitcoin pain — Commentary and at least one sector downgrade noted that “the economics are shifting with bitcoin crashing,” increasing near-term risk to mining profitability if BTC prices remain depressed. Article Title

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.