CLSK (CleanSpark) - Massive $6.6B AI data centre deal confirmed + squeeze mechanics!
CLSK is the perfect setup for an insane short squeeze. We have the perfect squeeze data along with some crazy catalysts, plus it’s a solid company with a lot of land and power in Texas. Read all of this post and then do your own DD, in my opinion it has the chance to explode…
Check out the 8-K filing management dropped this morning to fuel this squeeze, just google the company name and check the news or go to their investor relations.
**Short Interest:** \~31-45% of float (\~78.6M shares).
**Days to Cover:** \~6.3 Days. If volume spikes, shorts are physically unable to exit fast enough.
**CTB & FTDs:** Cost to borrow is rising and trapped shorts are fighting the tape.
Shorts usually short the "pop" after news. But they can't right now because the company just secured a massive 20-year infrastructure lease.
**Pre-July:** Priced entirely as a struggling crypto miner.
**Today:** Announced a $6.6B tech giant AI data center lease.
**Next Up:** The tenant just took exclusivity over CLSK's entire 885 MW Texas portfolio, more deals are in the queue.
This isn't a bankrupt meme stock, they have cash and are starting to make revenue, we just need to see the new AI margins improve.
**Revenue:** $136.4M in Q2, adding \~$330M annual NOI from this new lease alone.
**Cash:** $260M cash plus $925M in Bitcoin on hand. Bankruptcy and dilution risk is off the table.
**To summarise:** Shorts are trapped in a crowded trade (31%+ SI) while good news just completely broke their bear thesis. If $14.75 breaks and holds, it’s going to blow up from here.