Northland Initiates CleanSpark (CLSK) at Outperform with $22.50 PT on Strategic AI Pivot

CleanSpark Inc. (NASDAQ:CLSK) is one of the best future stocks to buy for the long term. On January 13, Northland started coverage of CleanSpark with an Outperform rating and a price target of $22.50. As a leading Bitcoin miner, the company currently operates approximately 50 EH/s of capacity within the US. The firm highlighted that CleanSpark is diversifying its infrastructure by expanding into HPC and AI datacenters. Northland believes that this shift creates abundant opportunities for the company to secure HPC lease agreements on highly favorable terms over the near to medium term.

Additionally, on January 8, Maxim also initiated coverage of CleanSpark Inc. (NASDAQ:CLSK) with a Buy rating and $22 price target on the shares. Maxim Group noted that CleanSpark is pivoting from its traditional focus on Bitcoin mining assets to AI data centers to capitalize on surging infrastructure demand.

Northland Initiates CleanSpark (CLSK) at Outperform with $22.50 PT on Strategic AI Pivot

This expansion is supported by the acquisition of a 285MW site in Texas (made earlier in October 2025) and a total of ~1.5GW of contracted power secured by November 2025. The firm highlighted that CleanSpark’s immediate access to power gives it a competitive edge and allows it to move faster than rivals who are currently stalled by significant approval delays.

CleanSpark Inc. (NASDAQ:CLSK) operates as a bitcoin mining company in the Americas. The company owns, leases, and operates data centers and power assets.

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.

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Disclosure: None. This article is originally published at Insider Monkey.