Why Is CLEANSPARK INC (CLSK) Stock Up Today?

CleanSpark Inc (CLSK) rose 10.67% to $14.42 in Monday trading, driven by news of two peer companies securing significant new contracts and a broader market move favoring AI infrastructure and Bitcoin-related names. The stock’s sharp intraday gain came amid heightened investor interest and a recent upgrade in price target from Cantor Fitzgerald.

What Happened

CleanSpark’s stock surged almost 11% as two of its peers in the technology and energy sectors announced lucrative new contracts, according to The Motley Fool. These developments likely spurred investor speculation about CleanSpark’s own growth potential. The move coincided with a broader rise in AI infrastructure stocks and a rebound in Bitcoin to a two-month high, which helped lift CleanSpark and similar names. Cantor Fitzgerald recently raised its price target for CleanSpark to $26, maintaining an Overweight rating. The stock’s performance was also supported by unusual options activity, with a notable $2.0 million put premium traded in the last 36 hours.

What The Data Shows

CleanSpark’s fundamentals remain mixed. The company has a market cap of $3.3 billion and reported a revenue increase of 37.7% in the trailing twelve months, despite an unprofitable EPS of -1.93 and a net margin of -67.7%. The stock has been volatile, with a beta of 3.84 and a 52-week range of $8.00 to $23.61. Over the last eight sessions, the stock has gained 16.1%, rising from $12.89 to $14.97. Recent unusual options activity included one notable print, with a put premium of $2.0 million. Meanwhile, Donald J. Trump disclosed a recent sale and purchase of shares in the last 90 days, with the most recent trade filing on May 13, 2026.

What To Watch

CleanSpark does not have an announced earnings date in the near term. Investors should monitor the breadth of coverage and sentiment trends, which have improved in the last week to 68 out of 100, up from a 30-day average of 64.