On July 14, CleanSpark, Inc. rose over 23% in pre-market trading.The surge was driven by the announcement that CleanSpark has signed a 20-year lease agreement in Georgia with a high investment-grade global technology company. The deal marks a significant strategic milestone for the Bitcoin mining firm, establishing a long-term, stable revenue stream and advancing its asset diversification strategy beyond pure cryptocurrency mining operations.
The agreement comes amid a broader industry shift where crypto miners are pivoting toward AI and data center services. Wall Street has maintained a bullish stance on the stock, with Macquarie raising its price target to $22 and Chardan adjusting its target to $19, both maintaining buy-equivalent ratings. The company currently holds approximately 13,924 Bitcoin on its balance sheet, though roughly 12% is in restricted status due to collateral arrangements.
CleanSpark, Inc. operates as a bitcoin miner in the Americas. It owns and operates data centers that primarily run on low-carbon power. Its infrastructure supports Bitcoin, a digital commodity and a tool for financial independence and inclusion.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
