New York, January 27, 2026, 13:05 (ET) — Regular session
- CleanSpark shares climbed in early afternoon trading, despite bitcoin remaining mostly flat, while other U.S.-listed miners also saw gains.
- This week, Nvidia’s $2 billion stake in CoreWeave spotlighted the energy demands of AI data centers.
- Traders have their sights set on CleanSpark’s upcoming earnings report, scheduled for Feb. 5.
CleanSpark shares climbed roughly 1.4% to $12.61 in early afternoon trading Tuesday, tracking a broader upswing among U.S.-listed bitcoin miners despite little movement in bitcoin itself. Riot Platforms jumped about 4.6%, Marathon Digital gained 1.4%, and TeraWulf surged 7.5%.
This shift is significant because miners now serve as a quick gauge for two overheated trades: bitcoin exposure and the hunt for dependable, cheap power that can also support AI data centers. When capital flows back into “power” plays, miners often outpace the cryptocurrency itself.
Nvidia announced Monday it has poured $2 billion into AI cloud company CoreWeave, buying shares at $87.20 each. The two are ramping up efforts to create over 5 gigawatts of “AI factories” by 2030. “AI is entering its next frontier and driving the largest infrastructure buildout in human history,” said Nvidia CEO Jensen Huang. CoreWeave’s filing laid out details on the private placement and the share count. (NVIDIA Newsroom)
CleanSpark has been pushing that angle alongside its main bitcoin mining operations: power, land, and data centers that can be converted for AI and high-performance computing (HPC), the intensive server tasks needed to train and run AI models.
Earlier this month, CleanSpark announced it will acquire up to 447 acres in Brazoria County, Texas, alongside a long-term transmission facilities extension agreement. The deal could enable a 300-megawatt data center load, with potential growth to 600 MW. The company expects to close the transaction in Q1 2026, pending approvals. “Access to transmission-level power in strategically advantageous regions has become increasingly constrained,” CEO Matt Schultz said. (PR Newswire)
CleanSpark’s investor site reports 50.0 EH/s of operational hashrate as of Dec. 31, 2025 — that’s the computing power behind bitcoin mining — along with a holding of 13,099 bitcoin. The company also notes having 1.45 gigawatts of power “under contract.” (Cleanspark)
Analyst moves showed some variation. Keefe, Bruyette & Woods cut its CleanSpark price target to $18 from $18.50 but maintained an Outperform rating, TheFly reported. (TipRanks)
Still, the risks haven’t disappeared. Bitcoin miners depend heavily on coin prices and “network difficulty”—the metric for how tough it is to mine a block—while AI data-center ventures face cash burn, permit hurdles, power hookups, and delayed customer rollouts. The AI trade has also faced pushback over deal structures; Huang dismissed the “circular” financing label as “ridiculous” in an interview cited by Business Insider.
Traders are now eyeing CleanSpark’s upcoming earnings report, scheduled for Feb. 5 according to Investing.com. They’re also waiting on updates regarding the Texas development timeline and discussions with customers related to its AI and HPC initiatives. (Investing)
