- CLSK +12.27% BTC-USD -5.94%
We recently published 10 Stocks Racking Up Big Gains. CleanSpark, Inc. (NASDAQ:CLSK) is one of the top performers of last week.
CleanSpark rallied for a fourth straight day on Friday, jumping 12.27 percent to close at $15.10 apiece as investors traded in line with the overall market sentiment, fueled by renewed optimism for an interest rate cut.
The stock climbed along with the technology industry, soaring by 30.49 percent during the session.
Additionally, the rally was supported by its robust earnings performance in the full fiscal year of 2025.
CleanSpark (CLSK) Surges 12% on Broader Market Strength During the period, CleanSpark, Inc. (NASDAQ:CLSK) swung to a net profit attributable to shareholders of $353 million from a $149.2 million net loss in 2024, supported by high operating margins and appreciation of Bitcoin holdings.
Total revenues surged by 102 percent to $766.3 million from $378.97 million year-on-year, primarily driven by increased Exahash and Bitcoin prices.
Nearly 8,000 Bitcoins were mined during the year, with end-of-period treasury holdings exceeding 13,000—generated solely from owned hashing power.
“Fiscal 2025 was the year CleanSpark achieved operating leverage. We surpassed 50 EH/s in operational hashrate, set new revenue records, and demonstrated strategic capital stewardship by choosing accretive capital market tools, such as convertible debt and bitcoin-backed revolvers instead of an ATM to finance the business during the calendar year,” said CleanSpark, Inc. (NASDAQ:CLSK) Chairman and CEO Matt Schultz.
”We are evolving into a comprehensive compute platform that is prepared to optimize value from both AI and bitcoin workloads. Our deep expertise in power procurement, infrastructure development, and efficient scaling gives us a unique advantage in meeting surging global demand for compute,” he added.
While we acknowledge the potential of CLSK as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.
READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.
Disclosure: None. This article is originally published at Insider Monkey.
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