New York, Feb 7, 2026, 09:51 EST — The market has wrapped up trading for the day.
- CleanSpark shares jumped roughly 22% Friday, closing higher after the company posted its quarterly results and released an AI-infrastructure update.
- Crypto-linked stocks stayed jumpy into the close as Bitcoin swung sharply.
- Next week’s U.S. jobs and inflation data land squarely in focus, flagging a near-term risk for crypto and high-beta stocks.
Shares of CleanSpark, Inc. jumped roughly 22% on Friday, finishing at $10.08. The bitcoin miner and data-center developer notched a strong rebound ahead of the weekend.
CleanSpark dropped its fiscal first-quarter numbers and pushed its “AI-ready” infrastructure message again. CEO Matt Schultz touted a deal for “up to 890 megawatts” of utility-scale power capacity around Houston. CFO Gary Vecchiarelli told investors the business is “no longer a single-track” play. 1
Why it’s relevant: bitcoin remains the bellwether for digital assets, and Friday’s bounce followed a harsh tumble that hit riskier bets. The token recovered, topping $70,000 again on Friday, according to Reuters, after an earlier plunge to its lowest point in 16 months. 2
Bitcoin hovered near $68,457 Saturday, a modest dip from its previous close. During the earlier session, the cryptocurrency bounced between about $67,477 and $71,612.
The company’s latest quarterly filing captures just how fast these swings can hit the bottom line. CleanSpark reported a net loss for the quarter ending Dec. 31, 2025, citing losses driven by shifts in the fair value of both bitcoin and bitcoin collateral. 3
Executives, on the earnings call, described the quarter as a period of moving away from just mining, toward a wider “digital infrastructure” focus. They also flagged a “noncash” effect tied to bitcoin mark-to-market accounting — revaluing holdings at the end of the period — as a key source of headline swings in reported profit. 4
Wall Street is wrestling with that expansion push and what’s showing up on screens. Cantor Fitzgerald stuck with its “Overweight” call, but slashed the price target to $17 from $21, per a Friday note. 5
Peers moved together. Marathon Digital surged roughly 22%, while Riot Platforms tacked on close to 20% in that session—highlighting just how fast bitcoin’s shifts hit U.S.-listed miners.
Still, the risk is clear enough. CleanSpark’s fortunes remain tied to bitcoin prices, network difficulty, and energy bills—factors that can swing sharply. The company itself pointed to a lengthy slate of operational and market hazards tied to its push into AI/HPC and its shift in strategy. 6
Looking at the week, macro data could shake up yields, the dollar, and risk assets. Crypto, in particular, has lately been behaving like a high-beta macro trade. Traders are eyeing the U.S. January jobs report, set for Feb. 11 at 8:30 a.m. ET, as listed on the Labor Department’s calendar. 7
The consumer price index for January lands Feb. 13 at 8:30 a.m. ET, according to the same calendar. 8
CleanSpark is back on the board Monday. All eyes on bitcoin—its next swing could dictate how things start off. Traders are positioning around possible changes in rate-cut expectations, waiting for the Fed to publish minutes from its Jan. 27-28 meeting on Feb. 18. 9
