CleanSpark Inc. (NASDAQ:CLSK) is one of the crypto stocks with huge upside potential. On March 5, CleanSpark Inc. (NASDAQ:CLSK) completed the acquisition of a second Texas campus, consequently adding 300 megawatts of ERCOT-approved capacity. With the acquisition, the company has increased its contracted power capacity of 1.8 gigawatts across leased sites.
The acquisition is part of the company’s strategic move as it increasingly develops artificial intelligence and high-performance computing initiatives. The company is increasingly diversifying its business footprint, which has relied on Bitcoin mining operations over the years.
In February, the company produced 568 Bitcoins with an average daily production of 20.29. During the month, the company sold 355 Bitcoin for total proceeds of $36.65 million. Year to date, CleanSpark has produced 1,141 Bitcoin. As of the end of February, the company held 13,363 Bitcoin. It also boasts a deployed fleet of 235,588 miners with a peak efficiency of 16.07 J/Th.
On the other hand, the company delivered disappointing first-quarter fiscal 2026 results, hurt by lower Bitcoin prices. Revenue came in at $181.2 million, missing the $194.05 million expected. It also posted an earnings-per-share loss of $1.35, compared with the $0.26 expected.
CleanSpark, Inc. (NASDAQ:CLSK) is a Bitcoin mining company that develops and operates high-performance data centers, primarily focused on mining Bitcoin using low-cost, sustainable energy. It is pivoting toward a diversified infrastructure model that supports high-performance computing (HPC) and AI, leveraging its ~1.8 GW of contracted power capacity.
While we acknowledge the potential of CLSK as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 33 Stocks That Should Double in 3 Years and 15 Stocks That Will Make You Rich in 10 Years