Lmr Partners Adds $10M in CleanSpark, Inc. ($CLSK)

Lmr Partners has taken a new position in CleanSpark, Inc. (NasdaqCM: CLSK), acquiring 611,445 shares valued at approximately $10.48 million. This move, as disclosed in its latest 13F filing, marks a fresh investment in the bitcoin mining company.

What Changed in Lmr Partners' CleanSpark Position

Lmr Partners' new stake in CleanSpark consists of 611,445 shares, making it a significant new entry into the company's shareholder base. This position, valued at about $10.48 million, reflects the firm's confidence in CleanSpark's prospects.

Other Institutional Activity in CleanSpark

Among other institutional investors, Dimensional Fund Advisors LP increased its holdings by 6,323,715 shares, bringing its total to 14,102,777 shares valued at approximately $120.0 million. Situational Awareness LP also boosted its stake significantly, adding 10,635,739 shares for a total of 12,276,139 shares worth about $104.5 million. Meanwhile, BlackRock, Inc. reduced its position by 2,872,599 shares, now holding 41,742,612 shares valued at $355.2 million.

CleanSpark, Inc. Stock Snapshot

Shares of CleanSpark, Inc. (NasdaqCM: CLSK) recently traded around $17.14. The company has a market cap of approximately $4.4 billion and operates with a forward P/E ratio that is not meaningful due to lack of profitability. With a beta of 3.808, the stock has been volatile, ranging from a 52-week low of $8.00 to a high of $23.61. Its 50-day moving average is about $13.87, while the 200-day average is $12.93.

Recent Earnings

CleanSpark reported revenue of approximately $739.9 million, though it experienced a revenue decline of 24.9%. The company's net margin stood at a negative 67.7%, and return on equity was also negative at 34.8%. The next earnings report is expected on August 6, 2026.

Insider Buying and Selling at CleanSpark, Inc.

On May 14, 2026, multiple insiders at CleanSpark sold shares. CEO & Chairman Matthew Schultz sold 9,031 shares at prices of $13.30 and $13.98. EVP and Chief Development Officer Scott Eugene Garrison sold 1,192 shares at $13.98, and President and CFO Gary Anthony Vecchiarelli sold 632 shares at both $13.30 and $13.98.

Analysts Set New Price Targets

On June 8, 2026, Chardan Capital maintained its 'buy' rating on CleanSpark, setting a price target of $19. Macquarie also maintained a 'buy' rating with a target of $22 on May 13, 2026. Overall, the consensus among analysts is a 'strong buy', with a mean price target of $20.63 based on 12 opinions.

About CleanSpark, Inc.

CleanSpark, Inc. is a bitcoin mining company headquartered in Henderson, Nevada. It specializes in owning and operating data centers and power assets that support Bitcoin, a digital commodity. The company, led by CEO S. Matthew Schultz, has 309 employees and was originally incorporated in 1987. CleanSpark was formerly known as Stratean Inc. until it rebranded in November 2016.

Bottom Line

Lmr Partners' new position in CleanSpark, Inc. reflects a strategic move into the bitcoin mining sector, as revealed by its recent 13F filing. CleanSpark's volatile stock performance and analyst optimism suggest potential interest for investors. However, as with all 13F filings, it's important to remember that these holdings are historical and may not reflect the firm's current position.