CleanSpark (CLSK) Stock Skyrockets on Bitcoin Rally and Bold AI Pivot – What’s Next?
CleanSpark shares surged up to 13% intraday on Oct. 20 after announcing a pivot into AI data centers and appointing AI veteran Jeffrey Thomas to lead the division. The stock has more than doubled in 2025, trading near $23 after record Bitcoin prices and expansion news. CleanSpark secured $400 million in bitcoin-backed credit, keeping its 13,000+ BTC holdings intact. Most analysts rate the stock a Buy, with targets up to $26.