Assenagon Asset Management S.A. Invests $5.52 Million in Cleanspark, Inc. $CLSK

Key Points

• Assenagon Asset Management purchased 379,442 CleanSpark shares worth approximately $5.52 million, giving it a 0.15% stake. Institutional investors and hedge funds collectively own 43.12% of the company.
• CleanSpark’s latest quarter fell short of expectations, with an EPS loss of $0.89 versus the projected $0.47 loss and revenue of $138.01 million versus $142.37 million expected. Revenue declined 30.5% year over year, and the company continues to forecast losses.
• Analyst sentiment remains broadly positive, with a consensus rating of “Moderate Buy” and an average price target of $23.88, well above the stock’s recent $11.52 price. However, the shares remain volatile and sensitive to cryptocurrency-market weakness.

Assenagon Asset Management S.A. purchased a new position in shares of Cleanspark, Inc. (NASDAQ:CLSK - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 379,442 shares of the company's stock, valued at approximately $5,521,000. Assenagon Asset Management S.A. owned approximately 0.15% of Cleanspark as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. CoreCap Advisors LLC raised its stake in shares of Cleanspark by 16.8% during the 2nd quarter. CoreCap Advisors LLC now owns 5,565 shares of the company's stock worth $81,000 after buying an additional 800 shares in the last quarter. KBC Group NV boosted its stake in shares of Cleanspark by 10.7% in the first quarter. KBC Group NV now owns 8,574 shares of the company's stock valued at $73,000 after buying an additional 828 shares in the last quarter. Cresset Asset Management LLC grew its holdings in Cleanspark by 4.9% during the second quarter. Cresset Asset Management LLC now owns 26,924 shares of the company's stock worth $297,000 after acquiring an additional 1,248 shares during the period. CreativeOne Wealth LLC grew its holdings in Cleanspark by 11.0% during the third quarter. CreativeOne Wealth LLC now owns 16,893 shares of the company's stock worth $245,000 after acquiring an additional 1,680 shares during the period. Finally, Franklin Resources Inc. raised its position in Cleanspark by 1.5% in the third quarter. Franklin Resources Inc. now owns 117,823 shares of the company's stock worth $1,708,000 after acquiring an additional 1,727 shares in the last quarter. Institutional investors and hedge funds own 43.12% of the company's stock.

Cleanspark Trading Down 0.6%

Shares of CLSK stock opened at $11.52 on Wednesday. The stock has a market cap of $2.96 billion, a P/E ratio of -3.06 and a beta of 3.86. The company has a quick ratio of 2.11, a current ratio of 5.91 and a debt-to-equity ratio of 2.34. Cleanspark, Inc. has a fifty-two week low of $8.00 and a fifty-two week high of $23.61. The business has a fifty day simple moving average of $14.62 and a 200-day simple moving average of $12.65.

Cleanspark (NASDAQ:CLSK - Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The company reported ($0.89) EPS for the quarter, missing the consensus estimate of ($0.47) by ($0.42). Cleanspark had a negative return on equity of 18.63% and a negative net margin of 146.90%.The business had revenue of $138.01 million during the quarter, compared to analysts' expectations of $142.37 million. During the same quarter in the prior year, the firm earned $0.90 earnings per share. Cleanspark's quarterly revenue was down 30.5% on a year-over-year basis. On average, analysts forecast that Cleanspark, Inc. will post -1.4 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have commented on CLSK shares. Citizens Jmp began coverage on Cleanspark in a report on Wednesday, June 24th. They issued a "market outperform" rating and a $27.00 target price for the company. B. Riley Financial increased their price target on shares of Cleanspark from $19.00 to $26.00 and gave the company a "buy" rating in a report on Monday, August 3rd. Needham & Company LLC raised their price objective on shares of Cleanspark from $18.00 to $23.00 and gave the company a "buy" rating in a research note on Wednesday, July 15th. Cantor Fitzgerald reissued an "overweight" rating and set a $26.00 price objective on shares of Cleanspark in a report on Friday, August 7th. Finally, Citigroup began coverage on shares of Cleanspark in a research report on Wednesday, June 24th. They set an "outperform" rating on the stock. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Cleanspark has a consensus rating of "Moderate Buy" and an average price target of $23.88.

Key Stories Impacting Cleanspark

Here are the key news stories impacting Cleanspark this week:

• Positive Sentiment: Chardan Capital reaffirmed its Buy rating and maintained a $21 price target, implying substantial upside from recent trading levels. Benzinga analyst rating report
• Positive Sentiment: HC Wainwright also retained a Buy rating while forecasting a $1.46 loss per share for fiscal 2026, signaling that the firm remains constructive on CleanSpark’s longer-term outlook despite near-term losses.
• Neutral Sentiment: Reported short interest was listed at zero shares, unchanged from the prior period, with zero days to cover. Because the figures appear inconsistent with the accompanying “significant increase” description, the data provides little useful indication of current short-selling pressure.
• Neutral Sentiment: Cantor Fitzgerald reiterated its Overweight rating, adding to the positive analyst sentiment surrounding the stock. Cantor Fitzgerald rating report
• Negative Sentiment: Northland Securities reduced its EPS forecasts across multiple periods. Its fiscal 2026 estimate fell to a $1.41 loss per share from $1.13, while its fiscal 2027 estimate dropped sharply to a $1.49 loss from $0.62. Quarterly 2027 loss estimates were also lowered to roughly $0.36–$0.39 per share, indicating weaker anticipated profitability.
• Negative Sentiment: CleanSpark declined alongside Riot Platforms and MARA Holdings as Strategy reportedly sold bitcoin and bitcoin-related shares. The sector-wide move highlights the stock’s sensitivity to cryptocurrency prices and investor risk appetite. Bitcoin miner sector selloff report

About Cleanspark

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.

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