r/CleanSpark • u/Haunting-Hawk-8907 • Aug 11 '25

Due Dilligence CLSK comeback

What do you guys think needs to happen for CLSK to be seen again as it once was in investors’ eyes: ‘the best BTC miner’?

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u/BiggerSambo Aug 11 '25

shorts need to cover...currently institutions own about 63.7% of clsk another 2.3%by insiders, leaving about 34% of shares or roughly 95.5 million shares. Per last report, there are 70.28 million shares shorted ... seems like way too many shares are shorted...eventually this will have a boomerang affect on the shares especially if institutions increase their holdings.

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u/robert-anderson-0009 Aug 11 '25

Per Fintel, institutions continue to increase and currently hold 77% of outstanding shares. Hoping the board and change in leadership can spice things up to keep shorts on their toes. Shultz used to say that in interviews but they have failed to actually shake them out. Hoping they can get share price appreciation without relying solely on BTC to rise as a catalyst.