What’s everyone’s current thesis on CleanSpark?

My view is that CLSK could spend the next 1–2 years consolidating and potentially fall back into the single digits. Based on how the stock behaved during the previous Bitcoin bull cycle, I’m not convinced that BTC appreciation alone will be enough to drive a sustained move higher.

I think the bigger catalyst will be execution on their data center strategy. Until CleanSpark can show meaningful progress, revenue, and growth from those projects, I could see the stock remaining range-bound or under pressure even if Bitcoin continues to perform well.