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CleanSpark (CLSK) Moves into AI With Ambitious Expansion Plans

CleanSpark, Inc. (NASDAQ:CLSK) is among the best US stocks to buy under $20. On November 25, CleanSpark, Inc. (NASDAQ:CLSK) reported its third-quarter results, in which it delivered revenue of $766.3 million, an impressive 102% increase from last year. Additionally, the company achieved a net income of $364.5 million, a strong rebound from the previous year’s net loss. Looking ahead, the company will focus on developing AI data center capabilities while winning new tenants for sites in Sandersville, Georgia, and Texas.

Entering 2026, management anticipates an EPS of $0.18 in Q1 2026 and $0.23 in Q2 2026, with annual guidance of $0.91 for 2026. To support the accelerating growth, CleanSpark, Inc. (NASDAQ:CLSK) will expand its power and land offerings.

With an emphasis on AI, CleanSpark, Inc. (NASDAQ:CLSK) is uniquely positioned in its market. As stated by CFO Gary Vecchiarelli,

“We are one of the first, if not the only company, which has a scaled cash-flowing business that is also using Bitcoin as a productive capital asset.”

According to TheFly, JPMorgan upgraded CleanSpark, Inc. (NASDAQ:CLSK) to Overweight from Neutral, with an unchanged $14 price target on November 24, right before the company’s third-quarter results. The firm highlighted the company’s latest share pullback while praising it for 200 MW of “critical IT capacity” at the 285 MW facility it recently acquired in Texas. What’s even more interesting is that the “flurry of deal activity” in high-performance computing is strengthening JPMorgan’s confidence in the bitcoin miners.

CleanSpark, Inc. (NASDAQ:CLSK) is a Nevada-based bitcoin mining company specializing in data centers. Incorporated in 1987, the company’s infrastructure supports Bitcoin.

While we acknowledge the potential of CLSK to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than CLSK and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money.

Disclosure: None.

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors.

What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

But the real story isn’t Nvidia — it’s a much smaller company quietly improving the critical technology that makes this entire revolution possible.

And judging by what I’m hearing from both Silicon Valley insiders and Wall Street veterans…

This prediction might not be bold at all:

A few years from now, you’ll wish you’d owned this stock.

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