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).
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 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.
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