CleanSpark Inc. (CLSK) shares fell 6.46% as the stock crossed below its 5-day SMA amid a broader market decline, with the Nasdaq-100 down 1.44% and the S&P 500 down 1.39%.
The company has announced a strategic acquisition of 447 acres in Brazoria County, Texas, along with a long-term transmission facilities extension agreement, positioning it to develop a 600 MW data center. This move is aimed at addressing the growing demand for AI and high-performance computing, enhancing CleanSpark's competitive edge in the rapidly evolving data center market. The acquisition brings CleanSpark's total potential power capacity in the Houston area close to 1 GW, further solidifying its infrastructure in the ERCOT region.
This acquisition is expected to attract co-location partners and drive growth in emerging markets, despite the current market conditions. CleanSpark's commitment to expanding its Texas data center portfolio indicates a long-term strategy to capitalize on the increasing demand for scalable computing solutions.
Wall Street analysts forecast CLSK stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CLSK is 23.50 USD with a low forecast of 14.00 USD and a high forecast of 27.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
10 Analyst Rating
Wall Street analysts forecast CLSK stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CLSK is 23.50 USD with a low forecast of 14.00 USD and a high forecast of 27.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
10 Buy
0 Hold
0 Sell
Strong Buy
Current: 12.440
Low
14.00
Averages
23.50
High
27.00
Current: 12.440
Low
14.00
Averages
23.50
High
27.00
Keefe Bruyette
Outperform
to
Outperform
downgrade
$18
2026-01-26
New
Reason
Keefe Bruyette
Price Target
$18
AI Analysis
2026-01-26
New
downgrade
Outperform
to
Outperform
Reason
Keefe Bruyette lowered the firm's price target on CleanSpark to $18 from $18.50 and keeps an Outperform rating on the shares. The firm updated the company's model ahead of the Q4 report.
Maxim
NULL -> Buy
initiated
$22
2026-01-08
Reason
Maxim
Price Target
$22
2026-01-08
initiated
NULL -> Buy
Reason
Maxim initiated coverage of CleanSpark with a Buy rating and $22 price target.
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Maxim
Maxim
Buy
initiated
$22
2026-01-08
Reason
Maxim
Maxim
Price Target
$22
2026-01-08
initiated
Buy
Reason
Maxim initiated coverage of CleanSpark with a Buy rating and $22 price target. CleanSpark, traditionally focused on Bitcoin mining power assets, is expanding into AI data centers to meet rising infrastructure demand, the analyst tells investors in a research note. With a 285MW Texas site acquired in October 2025 and roughly 1.5GW of contracted power by 11/25, CleanSpark's near-term power availability positions it ahead of competitors facing lengthy approval delays, Maxim says.
Clear Street
Buy
maintain
$27
2026-01-06
Reason
Clear Street
Price Target
$27
2026-01-06
maintain
Buy
Reason
Clear Street named CleanSpark a top idea for 2026 while keeping a Buy rating on the shares with a $27 price target. The firm expects investors shift focus from the company's high performance compute optionality to its execution and power-secured artificial intelligence infrastructure. CleanSpark is transitioning from a "best-in-class" bitcoin miner into a "capital-disciplined" HPC platform, the analyst tells investors in a research note. Clear views the company as "one of the cleanest risk-adjusted exposures to AI infrastructure."
About CLSK
CleanSpark, Inc. is a bitcoin mining company. The Company independently owns and operates data centers across the United States with locations in Georgia, Mississippi, Tennessee and Wyoming for a total contracted power capacity of approximately 853 megawatts (MW). The Company designs its infrastructure to responsibly secure and support the bitcoin network. Its operating mining units are capable of producing over 40 exahashes per second (EH/s) of computing power. The Company operates approximately 188,500 bitcoin mining machines, with a hashrate capacity of approximately 27.6 EH/s and a fleetwide efficiency of 21.94 joules per terahash (J/TH). The Company's subsidiaries include ATL Data Centers LLC, CleanBlok, Inc., CleanSpark DW, LLC, CleanSpark GLP, LLC, CSRE Properties Washington, LLC, CSRE Properties Dalton, LLC, CSRE Property Management Company, LLC, and CSRE Properties Norcross, LLC, among others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
