CleanSpark (CLSK) Surges 13% on Record Revenue and AI Expansion Hype: What’s Fueling the Frenzy?

Summary
• CleanSpark’s stock soars 13.23% to $15.23, marking a sharp reversal from its 52-week low of $6.45
• Fiscal 2025 revenue jumps 102% to $766.3M, driven by Bitcoin mining and AI infrastructure bets
• $1.15B zero-percent convertible deal fuels speculation about accelerated expansion

CleanSpark’s meteoric rise on Friday has ignited investor fervor, with the stock trading at its highest level since November 2024. The surge follows the company’s blockbuster fiscal 2025 earnings report, which highlighted a 102% revenue surge and a $1.15 billion capital infusion. With Bitcoin’s price volatility and AI-driven infrastructure bets dominating headlines, CLSK’s intraday range of $14.01 to $15.54 underscores a market grappling with optimism and caution.

Record Revenue and AI Ambitions Ignite Short-Term Optimism
CleanSpark’s 13.23% rally stems from its transformative fiscal 2025 results, including $766.3 million in revenue and a $1.15 billion zero-percent convertible transaction. The capital infusion, coupled with 43% growth in contracted power, positions the company to expand its AI infrastructure alongside Bitcoin mining. CEO Matt Schultz’s emphasis on becoming a 'comprehensive compute platform' has stoked speculation about CLSK’s ability to capitalize on AI’s surging demand. However, the stock’s sharp move remains tethered to Bitcoin’s price swings and the broader market’s appetite for high-risk, high-reward tech plays.

Options Playbook: Leveraging CLSK’s Volatility with Gamma and Theta-Driven Contracts
• 200-day average: 11.09 (well below current price)
• RSI: 40.38 (oversold territory)
• MACD: -1.47 (bearish signal) vs. Signal Line: -1.46 (neutral)
• Bollinger Bands: Current price at 15.23 (above upper band of 19.09)

CLSK’s technicals suggest a short-term bullish breakout, with the 200-day average acting as a critical support level. The stock’s 13.23% intraday gain has pushed it into overbought territory, but the RSI’s 40.38 reading hints at potential follow-through. For traders, the key is to balance exposure with high-gamma options that can capitalize on volatility without overcommitting to directional bets.

Top Option 1: CLSK20251205C15
• Contract Code: CLSK20251205C15
• Type: Call
• Strike Price: $15.00
• Expiration: 2025-12-05
• IV: 95.83% (high volatility)
• LVR: 15.68% (moderate leverage)
• Delta: 0.5695 (moderate directional sensitivity)
• Theta: -0.0914 (rapid time decay)
• Gamma: 0.1821 (high sensitivity to price swings)
• Turnover: $239,719

This call option stands out for its high gamma and theta, making it ideal for a short-term rally. With CLSK trading at $15.23, a 5% upside to $16.00 would yield a payoff of $1.00 per contract, translating to a 66% return on the $1.50 premium. The high IV ensures the option retains value even if the move is abrupt.

Top Option 2: CLSK20251205C15.5
• Contract Code: CLSK20251205C15.5
• Type: Call
• Strike Price: $15.50
• Expiration: 2025-12-05
• IV: 96.19% (high volatility)
• LVR: 20.55% (strong leverage)
• Delta: 0.4779 (moderate directional sensitivity)
• Theta: -0.0866 (rapid time decay)
• Gamma: 0.1839 (high sensitivity to price swings)
• Turnover: $115,609

This contract offers a balance of leverage and gamma, ideal for a mid-term hold. A 5% upside to $16.00 would generate a $0.50 payoff, a 250% return on the $0.20 premium. The high IV and moderate delta make it a compelling play for traders expecting CLSK to consolidate above $15.50.

Aggressive bulls should consider CLSK20251205C15 into a bounce above $15.50.

Backtest CleanSpark Stock Performance
Below is the event-study back-test for CleanSpark (CLSK.O) after every ≥ 13 % one-day price surge since 2022.Key take-aways (30-day holding horizon):• 39 surges of ≥ 13 % were identified. • Median next-day return is roughly flat (-0.25 %), and statistical tests show no significant edge in the first month after the spike. • Cumulative average excess return peaks near +8 – 9 % around trading day 18, then fades; however, results are not statistically significant at conventional levels. • Win-rate never exceeds 60 % on any day in the 30-day window; mean/median outcomes remain volatile and lack consistent follow-through. Practical implication: a 13 % single-day jump in CLSK has not, historically (2022-2025), provided a reliable positive edge over the subsequent month. Consider additional filters (e.g., volume surge, trend context, crypto-price regime) or shorter tactical horizons if trading post-spike momentum.

CLSK’s AI Ambition and Bitcoin Volatility: A High-Stakes Game for 2025
CleanSpark’s 13.23% surge is a testament to its audacious pivot toward AI infrastructure and Bitcoin mining, but sustainability hinges on Bitcoin’s price action and execution on its capital-intensive plans. The stock’s technicals suggest a short-term bullish bias, with the 200-day average at $11.09 acting as a critical support. Traders should monitor the $15.50 level for confirmation of a sustained breakout. Meanwhile, sector leader IBM’s 1.48% gain highlights the broader tech sector’s resilience, offering a benchmark for CLSK’s momentum. For now, the key takeaway is clear: Position for a $15.50 retest or a Bitcoin-driven reversal.