CleanSpark (CLSK) Moves into AI With Ambitious Expansion Plans

Core Insights - CleanSpark, Inc. (NASDAQ:CLSK) reported a significant revenue increase of 102% year-over-year, reaching $766.3 million for Q3 [1] - The company achieved a net income of $364.5 million, marking a strong recovery from the previous year's net loss [1] - CleanSpark plans to enhance its AI data center capabilities and attract new tenants in Georgia and Texas [1] Financial Projections - Management anticipates an EPS of $0.18 for Q1 2026 and $0.23 for Q2 2026, with an annual guidance of $0.91 for 2026 [2] Market Positioning - CleanSpark is positioned uniquely in the market by utilizing Bitcoin as a productive capital asset, according to CFO Gary Vecchiarelli [3] - JPMorgan upgraded CleanSpark to Overweight from Neutral, maintaining a price target of $14, citing the company's critical IT capacity and recent acquisitions [3]