S&P 500 slips, but losses kept in check as Nvidia climbs ahead of results
Cleanspark, Inc. (NASDAQ:CLSK), a company currently valued at $2.84 billion, saw director Roger Paul Beynon report the sale of 50,000 shares of common stock on May 21, 2025, according to a recent SEC filing. According to InvestingPro analysis, the stock has shown significant volatility recently, with an 8% gain in the past week. The shares were sold at a weighted average price of $10.5057, with prices ranging from $10.3979 to $10.5501, resulting in a total transaction value of $525,285. Following this sale, Beynon holds 125,511 shares, which include restricted stock units (RSUs) granted in October 2024. Notably, analysts have set price targets ranging from $12 to $25, suggesting potential upside. For comprehensive insider trading analysis and 12 additional exclusive insights, visit InvestingPro, where you’ll find detailed Pro Research Reports covering what really matters about CLSK and 1,400+ other stocks.
In other recent news, CleanSpark Inc. reported a challenging second quarter in 2025, falling short of both earnings and revenue forecasts. The company posted an earnings per share (EPS) of -$0.49, significantly below the anticipated $0.04, and revenue came in at $181.7 million, missing the projected $195.25 million. Despite these setbacks, CleanSpark’s revenue increased 62.5% year-over-year, highlighting the company’s growth amidst challenges. Chardan Capital Markets adjusted its price target for CleanSpark to $20 from $26, while maintaining a Buy rating, indicating a positive outlook on the company’s future performance.
The firm cited CleanSpark’s significant financial strength and flexibility as factors contributing to its continued Buy rating. Additionally, CleanSpark has been actively increasing its bitcoin holdings, which have risen from fewer than 200 bitcoins in March 2023 to almost 12,000 by March 2025. This strategy aligns with the company’s anticipation of the bitcoin block reward halving. Meanwhile, the company holds over $1.3 billion in bitcoin, accounting for about half of its market capitalization, which underscores its robust position in the cryptocurrency market.
The broader cryptocurrency sector, including CleanSpark, faced a downturn following Moody’s Ratings downgrade of the United States’ top credit rating, which led to a risk-averse market environment. Despite the earnings miss and the broader market challenges, CleanSpark remains committed to expanding its exahash capacity and infrastructure, emphasizing its role as a key player in the Bitcoin mining industry.
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