Leopold Aschenbrenner’s Situational Awareness Likes This Crypto Stock Despite Bitcoin Declines

We just covered Leopold Aschenbrenner’s Situational Awareness Reveals Its 10 Under-The-Radar AI Stock Picks. CleanSpark (NASDAQ:CLSK) ranks #5 (see Situational Awareness Top 5 Under-The-Radar AI Stock Picks).

Situational Awareness Stake Value: $104,469,943

CleanSpark (NASDAQ:CLSK) is a Bitcoin miner that is attempting a partial pivot toward AI infrastructure and data center development. Unlike peers such as Core Scientific and IREN, which have already secured major hyperscaler contracts, CleanSpark has not yet landed any major hyperscale customer. In Q1, revenue fell 25% year over year amid a decline in Bitcoin price.

But let’s move beyond crypto and see what CleanSpark (NASDAQ:CLSK) plans for AI and data centers.

CleanSpark (NASDAQ:CLSK) currently has 808 MW of capacity in active use and has contracted an expansion to 1.8 GW — more than double its current operational footprint. Bulls point to this 1.8 GW of contracted power as a highly valuable asset in today’s AI economy where power is in chronic short supply.

CleanSpark (NASDAQ:CLSK) carries the highest short interest among mid, large, and mega-cap crypto stocks at 32.76% of shares outstanding as of early June 2026. CleanSpark shares are up about 63% over the past year, driven almost entirely by AI pivot enthusiasm.

While we acknowledge the risk and potential of CLSK as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than CLSK and that has 10,000% upside potential, check out our report about the cheapest AI stock.

READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy. 

Disclosure: None. Follow Insider Monkey on Google News.

1281292 - 11759070 - 1