Fifth Third Bancorp Has $541,000 Holdings in Cleanspark, Inc. $CLSK

Fifth Third Bancorp boosted its stake in Cleanspark, Inc. (NASDAQ:CLSK) by 2,122.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 63,581 shares of the company’s stock after purchasing an additional 60,720 shares during the quarter. Fifth Third Bancorp’s holdings in Cleanspark were worth $541,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Danske Bank A S bought a new stake in shares of Cleanspark in the 4th quarter valued at about $25,000. Quarry LP bought a new stake in Cleanspark in the third quarter valued at approximately $26,000. Morse Asset Management Inc acquired a new stake in Cleanspark in the third quarter worth $32,000. Strs Ohio acquired a new stake in Cleanspark in the first quarter worth $38,000. Finally, CIBC Private Wealth Group LLC boosted its position in shares of Cleanspark by 5,081.0% during the third quarter. CIBC Private Wealth Group LLC now owns 3,005 shares of the company’s stock worth $44,000 after purchasing an additional 2,947 shares in the last quarter. Institutional investors and hedge funds own 43.12% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on CLSK. Maxim Group raised their price objective on Cleanspark from $18.00 to $22.00 and gave the stock a “buy” rating in a research note on Tuesday, May 12th. Cantor Fitzgerald boosted their target price on Cleanspark from $17.00 to $26.00 and gave the company an “overweight” rating in a research note on Wednesday, July 15th. Weiss Ratings downgraded Cleanspark from a “sell (d)” rating to a “sell (d-)” rating in a report on Friday, May 22nd. Chardan Capital raised their price target on Cleanspark from $19.00 to $21.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, BTIG Research reaffirmed a “buy” rating and set a $26.00 price target on shares of Cleanspark in a research report on Tuesday, July 14th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $23.35.

Key Stories Impacting Cleanspark

Here are the key news stories impacting Cleanspark this week:

• Positive Sentiment: A 20-year, $6.6 billion triple-net lease covering 175 megawatts at CleanSpark’s Sandersville, Georgia, facility supports the company’s pivot toward AI infrastructure and could provide significant recurring revenue. The stock may have additional upside if CleanSpark leases its remaining 885 megawatts of Texas capacity. Is CleanSpark Undervalued After Its 20 Year Infrastructure Lease?
• Positive Sentiment: Analysts raised their valuation targets, with Keefe, Bruyette & Woods increasing its target from $16 to $25 and maintaining an “outperform” rating, while Chardan Capital lifted its target from $19 to $21 and kept a “buy” rating. These targets indicate substantial potential upside if the AI data-center expansion is executed successfully. Analyst Price Target Updates
• Neutral Sentiment: Recent coverage highlighted increased investor and analyst attention toward CleanSpark, but the reports did not identify a major new operating catalyst beyond the previously announced lease. CleanSpark Investor Attention
• Negative Sentiment: Despite the large lease, an analysis downgraded CleanSpark from “strong buy” to “buy,” citing limited near-term catalysts, substantial anticipated capital needs and potential shareholder dilution. Grid constraints and delays in energizing facilities could also postpone revenue from the AI expansion. CleanSpark AI Pivot and Dilution Risks
• Negative Sentiment: The market’s reaction reflects concern about CleanSpark’s fundamentals as well as execution risk: its latest reported quarter missed earnings and revenue expectations, with revenue down year over year and a deeply negative net margin. Those results make investors more sensitive to the company’s need for additional financing while it develops its data-center portfolio. Why CleanSpark Stock Is Down

Cleanspark Stock Down 10.9%

Shares of CLSK stock opened at $12.01 on Thursday. The firm has a fifty day moving average of $15.36 and a 200-day moving average of $12.62. The company has a quick ratio of 8.26, a current ratio of 8.26 and a debt-to-equity ratio of 1.81. Cleanspark, Inc. has a 12-month low of $8.00 and a 12-month high of $23.61. The company has a market capitalization of $3.08 billion, a price-to-earnings ratio of -5.72 and a beta of 3.83.

Cleanspark (NASDAQ:CLSK) last issued its quarterly earnings data on Monday, May 11th. The company reported ($1.52) EPS for the quarter, missing analysts’ consensus estimates of ($0.25) by ($1.27). The company had revenue of $136.41 million for the quarter, compared to analyst estimates of $145.35 million. Cleanspark had a positive return on equity of 7.07% and a negative net margin of 67.66%.The company’s revenue was down 24.9% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.49) earnings per share. As a group, equities research analysts predict that Cleanspark, Inc. will post -1.19 earnings per share for the current fiscal year.

Cleanspark Company Profile

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.