Key Takeaways
- From near $20 in mid-October 2025 to $8 on October 16, 2026, CleanSpark stock lost 58% over one year, including a 10% drop on the final day.
- CleanSpark signed a 20-year triple-net data center lease on July 10 worth $6.6B in contracted revenue, then priced $2.28B of 7.875% senior secured notes on Sep 18.
- Fiscal Q3 revenue fell 31% YoY to $138.01M, with a $239.84M net loss.
- Analysts rate the stock 10 Buys and 4 Outperforms, and the $23 mean target sits 178% above the October 16 close.
CleanSpark Stock Fell From Near $20 to $8 Over One Year
CleanSpark (CLSK) stock has lost 58% over the past year, closing at $8.40 on October 16, 2026, after a 10% drop that day. That close came three months after CleanSpark signed a 20-year data center lease worth $6.6 billion in contracted revenue.
Quarter-end closes mark the path. From a start near $20 in mid-October 2025, the stock finished the calendar year at $10. CleanSpark stock closed March 31 at $9, with lows near $8 in early February and early April.
June 30 came in at $15. CleanSpark reported a fiscal second-quarter net loss of $378.343 million on May 11, partway through a climb from near $8 in early April to near $19 in late May.
The lease and the third-quarter report both fall between the June and September closes. On July 10, CleanSpark signed a triple-net lease, where the tenant pays taxes, insurance and maintenance, for 175 megawatts of critical IT load at its Sandersville, Georgia campus. Deliveries are expected to begin in the fourth quarter of 2027. Fiscal third-quarter revenue, reported August 6, fell 31% to $138.01 million, which the company attributed to lower bitcoin mined and a lower average bitcoin price. The net loss came to $239.84 million.
“We will not be raising capital via equity or equity-linked instruments for Sandersville,” President and CFO Gary Vecchiarelli said on the Q3 earnings call. On September 18, CleanSpark priced $2.28 billion of 7.875% senior secured notes due 2031 at 98.5% of par, with proceeds earmarked for the remaining Sandersville build-out.
CleanSpark stock closed September 30 at $13. It fell about 35% from there to $8 by October 16, below its March 31 close.
Laid end to end, the checkpoints read $10, $9, $15, $13 and $8, with the lease and the notes offering both landing between the June and September closes.
Analysts’ Mean Target on CleanSpark Stock Rose 17% While Shares Fell 42%
Fourteen analysts publish price targets on CleanSpark stock, and their mean of $23 sits 178% above the October 16 close. That mean has risen 17% since September 30, 2025, while the stock has fallen 42% from its $15 close that day.
Ratings now stand at 10 Buys and 4 Outperforms, after the 2 Holds on the September 2025 snapshot dropped to 1 by year-end and to none by March 31. The lowest price target, $19, sits at more than double the current price.
The Street’s $23 mean target on CleanSpark sits 178% above the $8 close. Weigh analyst forecasts against the price on TIKR for free →
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Disclaimer:
Please note that the articles on TIKR are not intended to serve as investment or financial advice from TIKR or our content team, nor are they recommendations to buy or sell any stocks. We create our content based on TIKR Terminal’s investment data and analysts’ estimates. Our analysis might not include recent company news or important updates. TIKR has no position in any of the stocks mentioned. Thank you for reading, and happy investing!
