10 Most Undervalued Blockchain Stocks to Buy Now

7. CleanSpark Inc (NASDAQ:CLSK)

Forward P/E: 13.19

Number of Hedge Fund Holders: 32

CleanSpark Inc (NASDAQ:CLSK) is one of the most undervalued blockchain stocks to buy now. In its operational updates issued on May 6, CleanSpark said it mined 640 Bitcoin during the month of April. It produced an average of 21.33 Bitcoin each day during that month.

Through the end of April, the company has mined 2,439 Bitcoin so far in 2026. Its total holding stood at 13,453 Bitcoin at the end of April. That compared to a holding of 13,561 Bitcoin at the end of March. The decline was due to the company selling some of its crypto.

CleanSpark Inc (NASDAQ:CLSK) stock has soared more than 50% over the past month, now trading just under $14. According to Needham, CleanSpark shares have more room to run. On May 4, Needham raised its price target on CleanSpark to $18 from $17 while keeping a Buy rating on the stock.

The firm renewed its bullish call on CleanSpark stock after meeting the company’s management. Following the meeting, Needham analysts noted increased confidence in CleanSpark securing lease agreements for its data centers in the near-term.

CleanSpark Inc (NASDAQ:CLSK) is a digital infrastructure developer based in Nevada. The company builds high-efficiency data centers for AI workloads, high-performance computing tasks, and crypto mining operations.