New York, Feb 8, 2026, 08:54 (EST) — The session’s finished; market closed.
- CleanSpark surged roughly 22% on Friday, finishing the session at $10.08.
- Results from the bitcoin miner, plus its mention of “AI-ready” sites, kept the stock active heading into the weekend.
- Coming up: bitcoin’s next steps, plus U.S. jobs and inflation numbers due out later this week.
Shares of CleanSpark Inc soared roughly 22% Friday, ending the day at $10.08 after a volatile two-session stretch for the Nasdaq-listed bitcoin miner. 1
This is a big one. CleanSpark has turned into a sort of stand-in for both the wild swings in bitcoin prices and the debate over miners figuring out how to convert low-cost energy into sustained data-center cash flows. Investors have snapped up shares chasing either angle, only to retreat just as quickly.
U.S. stock markets are closed Sunday, so the next look at sentiment will have to wait until Monday’s open—where bitcoin could take the spotlight once more. The cryptocurrency was lately higher by around 3.4%, hovering near $71,340.
The sharp swings in Bitcoin aren’t fading from memory. The token jumped back past $70,000 on Friday, clawing back losses after tumbling to a 16-month low just hours before. That bounce helped shore up a few crypto-levered stocks by the close. 2
Friday saw a surge in CleanSpark trading—market data put volume at roughly 41 million shares.
CleanSpark, which brings in most of its revenue through bitcoin mining but reports in U.S. dollars, said on Feb. 5 that revenue for the quarter climbed 11.6% to $181.2 million. Net loss came in at $378.7 million, or $1.35 per basic share, for the three months ended Dec. 31. Adjusted EBITDA, which excludes things like interest, tax and depreciation, was negative $295.4 million. The company wrapped up the quarter holding $458.1 million in cash and about $1.0 billion worth of bitcoin on its balance sheet. “One of the strongest balance sheets in our sector,” CEO Matt Schultz said. CFO Gary Vecchiarelli added that CleanSpark is “no longer a single-track business,” as it moves deeper into AI and high-performance computing data centers. 3
CleanSpark’s January operational update put monthly bitcoin production at 573, while the company’s “operational hashrate” hit 50 exahashes per second. As of Jan. 31, CleanSpark held 13,513 bitcoin. Management also mentioned a land-and-power deal for a Texas data-center site, saying it expects to close the transaction this quarter, pending approvals. 4
Uncertainty lingers on Wall Street over just how much AI hype should be baked into the stock’s valuation. Cantor Fitzgerald’s Brett Knoblauch stuck with his “Overweight” call on Feb. 6, though he trimmed his target price down to $17 from $21, per StockAnalysis.com’s analyst log. 5
CleanSpark shares jockey for space among fellow U.S.-listed miners like Marathon Digital and Riot Platforms. All three tend to track bitcoin’s moves, and they react fast to swings in risk appetite for crypto-linked stocks and data center plays.
But there’s a catch. CleanSpark’s profit numbers are vulnerable to wild moves in its bitcoin-linked holdings, skewing the results. The basics of its mining business? Still at the mercy of bitcoin’s price, network difficulty, and energy costs—none of them stable. And those hefty AI data-center leases? Signing one isn’t fast. Power or land deals can stall for ages if permits or utility signoffs lag.
Macro events are up next for the sector. Wednesday, Feb. 11 brings the U.S. January jobs data, followed by January CPI on Friday, Feb. 13. Both could jolt rate bets and shake up demand for stocks tied to bitcoin moves. 6
