Movement Alert|CleanSpark, Inc. Rises 8.55% in Regular Trading, Q3 Loss Narrows Sequentially as $6.6 Billion Data Center Lease Boosts Confidence

Market Focus08-07

On August 7, CleanSpark, Inc. rose 8.55% in regular trading, trading at $13.25/share, with turnover of $26.51 million.

On the news front, the company reported fiscal Q3 results with EPS of -$0.89 and revenue of $138 million. While both figures missed consensus estimates of -$0.32 EPS and $148.9 million in revenue, they represented meaningful sequential improvement from Q2's EPS of -$1.52 and revenue of $136.4 million.

More critically, the company previously announced a 20-year infrastructure lease agreement with a high investment-grade global technology company for its Sandersville, Georgia campus, covering 175 megawatts of critical IT load. The initial term is expected to generate approximately $6.6 billion in contracted revenue, with two five-year extension options potentially increasing total value to approximately $11.6 billion. The tenant also signed a letter of intent for CleanSpark's Texas portfolio covering up to 885 MW of capacity. Multiple brokerages including B. Riley (target raised to $26) and Chardan (target raised to $21) maintain Buy ratings, reflecting optimism toward the company's AI/HPC transformation.

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