Key Highlights

  • CLSK shares are trading 1.04% higher at $8.27 on Wednesday, October 28, 2026, implying a prior close near $8.18 (calculated).
  • Short interest was 83,872,674 shares for the settlement date of May 29, 2026, with 3.15 days to cover.
  • Fiscal third-quarter revenue fell 30.5% to $138.0 million, with a net loss of $239.8 million.
  • A 20-year, $6.6 billion triple-net lease was signed at Sandersville with an investment-grade tenant.
  • Cash was $202.6 million and long-term debt about $1.78 billion at June 30, 2026.

Short-Interest Spotlight: Why Is CleanSpark Edging 1.04% Higher Among the Most Shorted Stocks?

CleanSpark (NASDAQ:CLSK) shares are trading 1.04% higher at $8.27 on Wednesday, October 28, 2026, and the stock appears among the most shorted names on the screen. No company release dated October 28 accompanied the move, which implies a prior close near $8.18 (calculated).

The most recent dated short-interest data in hand is for the settlement date of May 29, 2026, when 83,872,674 shares were sold short, down 182,730 from 84,055,404 at the May 15 settlement. Days to cover were 3.15, and the figure equaled about 32.7% of the 256.6 million shares outstanding, which is a share of outstanding stock rather than of float.

High short interest means a large group of traders is positioned for a decline. If the price rises, covering purchases can add to the advance, while a falling price can extend the move lower.

Sandersville Lease: How Does a $6.6 Billion Contract Reshape a Bitcoin Miner?

CleanSpark is a bitcoin miner that has been converting part of its portfolio toward AI and high-performance computing. It reports controlling more than 1.8 gigawatts of power, land and data centers, and ERCOT has approved 585 megawatts of capacity, including 300 megawatts in Brazoria.

In its fiscal third-quarter release of August 6, 2026, the company said it signed a 20-year, $6.6 billion triple-net lease at Sandersville with a high investment-grade tenant. It ordered and prepaid all long-delivery items to meet the ready-for-service date, and the equity portion of the project is fully funded.

The release did not name the tenant or give a service date.

Quarterly Losses and Debt: How Deep Did Bitcoin Prices Cut Into the Fiscal Third Quarter?

For the quarter ended June 30, 2026, revenue was $138.0 million, down 30.5% from $198.6 million. The net loss was $239.8 million, or $0.89 per share, against net income of $257.4 million a year earlier. Adjusted EBITDA was a loss of $113.0 million versus a gain of $377.7 million.

Over nine months, revenue was $455.6 million, the net loss was $996.9 million and adjusted EBITDA was a loss of $649.6 million. In the March quarter, revenue was $136.4 million, the net loss was $378.3 million and bitcoin fair value losses were $224.1 million.

Bitcoin holdings were valued at $814.9 million at June 30, 2026, against $925.2 million at March 31.

Cash was $202.6 million, down from $260.3 million at March 31. Total assets were $2.7 billion, total liabilities $1.9 billion, and long-term debt, net, about $1.78 billion. Stockholders' equity was $761.3 million, down from $1.0 billion in March.

The company gave no financial guidance.

What to Watch Next: Can the Sandersville Build Offset Mining Losses?

Watch for the next quarterly report covering the period ended September 30, 2026, which the release did not date, along with construction milestones at Sandersville and the next short-interest settlement. Bitcoin prices and the path of the 20-year lease will shape how the losses and the debt load are read.