CleanSpark Offloads 70% of Its Mined Bitcoin in March for More Than $71,000 Each

Written by Emily J. Thompson, Senior Investment Analyst

Source: stocktwits

Updated: Apr 07 2026

0mins

CLSK+4.74%

IJR+0.47%

BITQ+4.45%

Should l Buy CLSK?

Source: stocktwits

Company Announcement: CleanSpark (CLSK) shares fell over 3% after announcing the sale of 70% of its mined Bitcoin for March, leading to a decline in its stock value amid broader market weakness.
Bitcoin Holdings: As of the end of February, CleanSpark held 13,363 Bitcoin and mined an additional 658 Bitcoin in March, but its total Bitcoin balance decreased to 13,561 BTC by the end of the month.
Market Sentiment: Retail sentiment around CleanSpark's shares improved to 'neutral' from 'bearish', while chatter around the stock dropped to 'normal' from 'high' levels.
Strategic Focus: CleanSpark aims to secure its first high-performance computing customer in AI and is actively building its talent pipeline to support growth in high-margin initiatives.

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Analyst Views on CLSK

Wall Street analysts forecast CLSK stock price to rise

10 Analyst Rating

10 Buy

0 Hold

0 Sell

Strong Buy

Current: 10.760

Low

14.00

Averages

23.50

High

27.00

Current: 10.760

Low

14.00

Averages

23.50

High

27.00

Cantor Fitzgerald

Overweight

downgrade

$17 -> $14

2026-04-09

Reason

Cantor Fitzgerald

Price Target

$17 -> $14

AI Analysis

2026-04-09

downgrade

Overweight

Reason

Cantor Fitzgerald lowered the firm's price target on CleanSpark to $14 from $17 and keeps an Overweight rating on the shares. The firm believes the world is heading toward the proliferation of AI across nearly every business, sector, and economy and in that context it sees AI infrastructure as "an attractive place to invest," given that investors are somewhat agnostic to which AI app or AI model emerges victorious. The firm envisions a persistent supply/demand imbalance for the next five-plus years that caters to pricing remaining strong, the analyst tells investors.

Northland

analyst

Outperform

maintain

$21

2026-03-25

Reason

Northland

analyst

Price Target

$21

2026-03-25

maintain

Outperform

Reason

Northland notes that CleanSpark announced in an 8K filed after the close yesterday the elimination of its 2% EBITDA-linked preferred dividend through a one-time, roughly $30M payout. Eliminating the 2% quarterly dividend tied to EBITDA, and replacing it with a one-time special dividend of about $17.14 per share with no further ongoing dividend obligations is \"a smart move to make now and may suggest CLSK is proactively optimizing its capital structure ahead of a potential lease,\" says the analyst, who has an Outperform rating and $21 price target on CleanSpark shares.

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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.

Tennessee, a Republican-Led State, Aims to Gain Public Support for Cryptocurrency Mining Operations

Apr 07 2026stocktwits

Tennessee Legislation on Crypto Mining: Tennessee lawmakers are advancing a bill that mandates public hearings and local government approval for large-scale cryptocurrency mining projects, addressing community concerns about noise, energy use, and land use associated with mining operations.
Local Involvement in Decision-Making: The proposed legislation would formalize the role of residents and local authorities in determining whether mining facilities can be developed, introducing new oversight in a Republican-led state.
Impact on Mining Operations: The bill, set to take effect on July 1, 2026, aims to regulate the expansion of cryptocurrency mining facilities, which have raised concerns about their environmental and infrastructural impacts in local communities.
Comparative State Approaches: Different U.S. states are adopting varied regulatory approaches to cryptocurrency mining, with Massachusetts examining environmental implications and Wyoming positioning itself as a crypto-focused jurisdiction, highlighting the evolving landscape of digital asset regulation.