CleanSpark Soars 14.7% on Bitcoin Mining Momentum and $100M Credit Facility Expansion

Summary
• CleanSpark (CLSK) surges 14.7% intraday to $14.87, breaking through $15.125 highs
• $100M Bitcoin-backed credit facility with Coinbase and Two Prime fuels growth optimism
• CEO Matt Schultz highlights 'Infrastructure First' strategy to expand energy and HPC portfolios

CleanSpark’s stock is surging on a perfect storm of capital expansion and operational momentum. The company’s dual $100M credit facilities with Coinbase and Two Prime, coupled with a 1.4 EH/s hashrate increase in August, have ignited investor enthusiasm. With Bitcoin prices stabilizing and the stock trading near 52-week highs, the move reflects confidence in CleanSpark’s pivot to high-performance computing and energy optimization.

Bitcoin-Backed Financing Drives Bullish Momentum
CleanSpark’s 14.7% intraday rally is directly tied to its $100M Bitcoin-backed credit facility expansion with Coinbase and Two Prime. This non-dilutive financing allows the company to leverage its 12,827 BTC treasury without selling assets, preserving long-term value. CEO Matt Schultz emphasized the strategy’s focus on maximizing megawatt utilization and expanding into high-performance computing (HPC), which aligns with broader industry trends of repurposing mining infrastructure for AI and enterprise workloads. The move signals operational discipline and capital efficiency, key drivers for a sector struggling with rising hashrate costs and Bitcoin volatility.

Blockchain Sector Rally: CleanSpark Outpaces Peers
The blockchain sector is in a bull phase, with Riot Platforms (RIOT) surging 11.6% on similar AI/HPC optimism. CleanSpark’s 14.7% move outpaces peers, reflecting its unique positioning in Bitcoin mining and HPC. While competitors like Marathon Digital (MARA) face regulatory and operational headwinds, CleanSpark’s dual credit facilities and 50.0 EH/s operational hashrate position it as a capital-efficient leader. The sector’s 324% Q3 stablecoin inflows and Bitcoin’s $114K rebound further validate the broader tailwinds.

Options Playbook: Leverage Gamma and Theta for Short-Term Gains
• 200-day MA: $9.97 (below) | RSI: 77.5 (overbought) | MACD: 0.985 (bullish) | Bollinger Upper: $15.14

Technical indicators suggest a short-term overbought condition but a strong bullish bias. Key support at $13.30 and resistance at $15.14 define the trading range. The 52-week high of $17.97 remains a distant target, but near-term momentum favors aggressive options plays. The $100M credit facility and HPC pivot justify a bullish stance, though Bitcoin’s volatility could introduce noise.

Top Option 1: CLSK20251003C15
• Code: CLSK20251003C15 | Type: Call | Strike: $15 | Expiry: 2025-10-03 | IV: 100.03% | Leverage: 23.93% | Delta: 0.487 | Theta: -0.1248 | Gamma: 0.2296 | Turnover: $346,989
• IV: High volatility | Leverage: Strong capital efficiency | Delta: Moderate directional exposure | Theta: Aggressive time decay | Gamma: High sensitivity to price moves
• This call option offers a 290.91% price change potential with a 23.93% leverage ratio. The high gamma ensures rapid premium gains if CLSK breaks $15.14, while the 100.03% IV reflects market anticipation of further moves. Ideal for traders expecting a post-October 3 breakout.

Top Option 2: CLSK20251010C15.5
• Code: CLSK20251010C15.5 | Type: Call | Strike: $15.5 | Expiry: 2025-10-10 | IV: 103.52% | Leverage: 32.96% | Delta: 0.383 | Theta: -0.1125 | Gamma: 0.2124 | Turnover: $197,080
• IV: Elevated volatility | Leverage: High capital efficiency | Delta: Balanced directional exposure | Theta: Strong time decay | Gamma: High sensitivity to price moves
• This option’s 32.96% leverage ratio and 103.52% IV position it as a high-conviction play. The $15.5 strike aligns with the 200-day MA and 52-week low, making it a strategic target for a sustained breakout. The 290.91% price change potential justifies the risk for aggressive bulls.

Payoff Estimation: At a 5% upside (targeting $15.61), CLSK20251003C15 would yield $0.61 per contract, while CLSK20251010C15.5 would net $0.11. These scenarios assume continued Bitcoin stability and execution of CleanSpark’s HPC strategy.

Backtest CleanSpark Stock Performance
The back-test is ready. Please review the interactive panel on the right for full metrics, trade dates and equity-curve visualization.Key takeaways (summary):• Total strategy return: 11.15 % • Annualised return: ≈ 53.8 % • Maximum draw-down: -86.7 % (large tail risk due to no stop-loss) • Sharpe ratio: 0.53 Interpretation: While the 15 %-surge signal occasionally catches strong momentum moves, the absence of a risk-management exit exposes the strategy to deep draw-downs. Consider adding stop-loss or profit-target rules, or limiting the holding period, to improve risk-adjusted performance.Let me know if you’d like to refine the entry rule, test alternative exits, or compare against other tickers.

Act Now: Capitalize on HPC-Driven Bull Run
CleanSpark’s 14.7% surge is a catalyst-driven breakout, fueled by Bitcoin-backed financing and HPC expansion. The stock’s 77.5 RSI and 0.985 MACD suggest a strong near-term bias, but overbought conditions demand caution. Traders should focus on the $15.14 resistance and $13.30 support levels. With Riot Platforms (RIOT) up 11.6% as a sector leader, the blockchain space is in a growth phase. Aggressive bulls may consider CLSK20251003C15 for a 3-day breakout or CLSK20251010C15.5 for a 7-day play. Watch for Bitcoin’s $114K support and CleanSpark’s October 3 expiry for directional clarity.