CleanSpark stock runs into $15.25 resistance as Bitcoin production rises in June 2026
CleanSpark (CLSK) stock is trading at $14.07, advancing 4.61% for the day and holding near session highs. The stock remains above its key moving averages, reflecting solid short-term and longer-term momentum.
Highlights
- CleanSpark secured a 20-year triple net lease with a global technology company at its Georgia data center, establishing approximately $6.6 billion in contracted revenue over the term.
- The tenant also signed an exclusivity agreement for CleanSpark's Texas sites with 885 MW capacity, supporting future growth and additional development opportunities.
- CLSK/USD trades with strong bullish momentum above key supports; technical signals point to consolidation within a $12.74–$15.25 range, with a high likelihood of continued upward movement.
Long-term lease and Texas expansion support revenue visibility
CleanSpark has secured a 20-year triple net infrastructure lease with a high-investment-grade global technology company at its Sandersville, Georgia data center campus, establishing a long-term revenue stream and improving operational visibility. The agreement, which includes annual rent escalations, is expected to generate approximately $6.6 billion in contracted revenue over the initial term, with further upside to $11.6 billion if extension options are exercised. In addition, the tenant signed a letter of intent and exclusivity agreement for CleanSpark's Texas properties with 885 megawatts of power capacity, according to Prnewswire, broadening potential development and future growth opportunities. CleanSpark also reported producing 614 Bitcoin in June 2026, reflecting ongoing operational strength.
Buyer momentum confirmed as technical signals reinforce support
On the technical side, CLSK remains above key moving averages: MA-20 ($12.84) and MA-50 ($12.83) on the hourly chart, and above MA-200 ($13.29) on the daily timeframe. Immediate support is indicated by the Ichimoku Kijun at $13.56, with the short-term technical setup reinforced by positive readings in the Moving Average Convergence Divergence (MACD) and the Average Directional Index (ADX), both on Buy signals. The Relative Strength Index (RSI) stands at 56.47, while both the Stochastic RSI and Commodity Channel Index (CCI) signal buyer control but do not breach overbought territory. Bull/Bear Power further indicates strong intraday buyer momentum, while the Awesome Oscillator remains neutral and does not reinforce the current trend.
Consolidation likely as bullish breakout risk remains elevated
In the next two to three trading days, the anticipated trading range for CLSK is $12.74 to $15.25, reflecting typical volatility relative to current levels. The probability of continued upward movement remains very high, with only a low likelihood of near-term downside. The baseline scenario sees the stock consolidating within this corridor. If bullish momentum persists, a breakout above resistance may set up tests of higher targets; in the bearish scenario, a move below $13.56 immediate support would signal short-term reversal risk.
Earlier, analysts noted that CleanSpark’s sustained move above key technical benchmarks marked a constructive shift in sentiment, paving the way for further bullish continuation. With recent momentum holding and new operational milestones boosting visibility, any decisive close above the upper end of the current $12.74 to $15.25 trading range could serve as an actionable signal for potential upside extension.
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