CleanSpark
CLSKMarket price data through August 3, 2026.
Performance
Aug 2021 – Aug 2026
Track record
How this pick has done since Benson first called it.
- Benson Return
- +27%
- How much this stock is up since Benson first picked it — measured from the price at the time of that first pick, not from today.
- First pick price
- ~$12
- Roughly what one share cost when Benson first picked this stock. This is the starting line for the Benson Return.
- Tracking since
- April 2026
- The month this stock first became a Benson pick.
- Tracking duration
- 3 months
- How long Benson has been tracking this pick.
About CleanSpark
CleanSpark is one of the largest Bitcoin miners in America, running giant data centers across the country that turn cheap electricity into Bitcoin. Now they are pivoting part of that power capacity to host AI computing for the same hyperscale customers chasing every available megawatt. Think of them as a landlord sitting on 1.8 gigawatts of electrical real estate, trying to lease the empty rooms to AI companies.
The case for and against
Both sides of the story, in plain English.
- Power Is The New Oil
CleanSpark controls 1.8 gigawatts of power capacity across the United States and is only using 808 megawatts of it today. That means roughly 1 gigawatt of unused, grid-connected, ready-to-build capacity sitting in a market where AI companies are waiting years to get plugged into the grid. The company just got 585 megawatts approved on the Texas ERCOT grid, one of the most valuable power markets in the country.
- Buying Back, Not Diluting
While most Bitcoin miners crush shareholders with constant stock issuance, CleanSpark has gone the other direction. Their diluted share count actually dropped 3.6% year over year while a peer like Mara Holdings ballooned by 22%. They funded all of this with a 1.15 billion dollar convertible note at 0% interest, an extremely cheap way to raise money that signals real confidence from big investors.
- Bitcoin Is Still The Boss
When Bitcoin prices fall, CleanSpark gets hammered. Last quarter revenue dropped 25% to 136 million dollars purely because Bitcoin slid from 100,000 to 76,000. The company also booked 263 million dollars in mark-to-market losses on its Bitcoin treasury. Until the AI pivot actually generates revenue, this stock trades like a leveraged bet on Bitcoin.
- No AI Customer Yet
The entire bull case rests on CleanSpark landing a major AI hyperscale customer, and they have not signed one yet. Management says they are making significant headway, but nothing is announced. Meanwhile they carry 1.8 billion dollars in long-term debt against 260 million dollars in cash, so they cannot wait forever for the AI checks to start arriving.
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How to read this page
This automated research summary uses Financial Modeling Prep market data through 2026-08-03. Model signals, scores, and risk labels can change and may be incomplete or wrong.
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