Why Is CLEANSPARK INC (CLSK) Stock Moving Today?

CleanSpark Inc (CLSK) shares rose 7.75% to $14.39 on Thursday amid a flurry of news surrounding the company’s AI data center expansion. The stock’s sharp rise followed disclosures that a subsidiary of Meta Platforms has leased CleanSpark’s Sandersville data center and that the company is seeking to raise $2.227 billion through a senior secured notes offering. These developments have positioned CleanSpark at the center of a broader industry shift toward high-performance computing infrastructure.

What Happened

CleanSpark disclosed that its 175-megawatt Sandersville data center is leased to Anviran LLC, a wholly owned subsidiary of Meta. The lease is expected to generate $6.6 billion in contracted revenue over 20 years. In parallel, the company announced that a subsidiary plans to offer $2.227 billion of senior secured notes due 2031. Proceeds from the offering will be used to complete the Sandersville facility, reimburse prior equity contributions, and build debt-service reserves. These announcements align with broader industry trends as Bitcoin miners pivot toward AI and high-performance computing infrastructure. The stock opened with a 2.2% gap up and reached an intraday high of $14.49 before closing near that level.

What The Data Shows

The stock traded 15.4 million shares, which is 0.7 times the 3-month daily average. Options activity showed a strong skew toward calls, with $2.5 million in call premiums versus $279K in puts. The largest single options print was $2.0 million. The stock has traded between $8.00 and $23.61 over the past 52 weeks and has moved -1.9% over the last 8 sessions. Recent insider transactions include two sales by Monnig Taylor, the CTO and COO, totaling $394K in the last 90 days.

What To Watch

CleanSpark’s next major event will be its quarterly earnings report, which is expected in the coming weeks. Investors will also monitor the progress of the $2.227 billion notes offering and any follow-up on the Meta lease agreement.