Why did CleanSpark stock rise sharply on Monday?

CleanSpark's stock surged due to a "overweight" rating upgrade from an investment firm and its recent land acquisition in Austin, Texas.

What is CleanSpark's new Austin land acquisition for?

The 271-acre land in Austin, Texas, will support its power supply agreements with AI companies and facilitate the construction of a new substation.

When will CleanSpark release its FY2025 earnings?

CleanSpark is scheduled to release its full fiscal year 2025 earnings after market close on Tuesday, November 25.

Home / Business and Economy / CleanSpark Surges on Bullish AI Land Deal

CleanSpark Surges on Bullish AI Land Deal

25 Nov, 2025

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Summary

CleanSpark stock jumped 17.99% following bullish coverage.
A new 271-acre land acquisition in Austin, Texas, supports AI power.
JPMorgan raised CleanSpark's rating to 'overweight' with a $14 target.

CleanSpark Surges on Bullish AI Land Deal

CleanSpark, Inc. (NASDAQ:CLSK) saw its stock price climb by 17.99% on Monday, reaching $11.48 per share. This notable increase followed an investment firm's decision to upgrade its rating for CLSK stock to "overweight" from "neutral," setting a price target of $14.

The upgrade was largely influenced by CleanSpark's recent acquisition of a substantial 271-acre property in Austin, Texas. This strategic land purchase is intended to enhance the company's capacity to meet its existing 285 MW power supply agreements with artificial intelligence firms.