Simply Wall Street7/9/2026Somewhat-Bullish (0.296)
Does CleanSpark’s (CLSK) Surging Hashrate and Bitcoin Hoard Justify Such Extreme Short Interest?
CleanSpark recently reported strong June operating results, including 614 Bitcoin produced, a 50 EH/s peak hashrate, and a total of 13,924 BTC holdings, alongside expanding its facilities in Texas and Sandersville. Despite this growth and the accumulation of Bitcoin, the company is experiencing a very high short interest of 33.04%. This article explores whether CleanSpark's operational expansion and Bitcoin treasury can counteract intense bearish sentiment and significant short interest, especially given its dependence on Bitcoin's price.
