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New trading tool for CLSK bulls/bearsCleanspark ( (CLSK) ) has shared an announcement.
On March 20, 2026, CleanSpark, Inc. amended the terms of its Series A Preferred Stock, eliminating the ongoing quarterly dividend tied to 2% of EBITDA and replacing it with a one-time special dividend of $17.1428571428571 per preferred share, after which no further dividends will be paid on that class. The amendment also clarifies how the high-vote preferred shares will vote depending on insider ownership levels, preserves their 45 votes per share, and provides that each Series A Preferred share will automatically convert into three common shares upon a change-of-control event, reshaping governance dynamics and potential dilution in future transactions.
The Series A Preferred Stock is held by Chairman and CEO S. Matthew Schultz, director Larry McNeill, their controlled entity Celtic, LLC, and former CEO Zachary K. Bradford, and the amended terms were approved by the board excluding Schultz and McNeill as well as by the Series A holders. In connection with this governance and capital structure change, the board, again excluding Schultz and McNeill, approved payment of the special final preferred dividend to Series A holders of record as of March 19, 2026, with payment expected around March 24, 2026, marking a definitive end to ongoing preferred dividends while crystallizing a one-time payout and setting clear rules for voting and conversion in any future change-of-control scenario.
The most recent analyst rating on (CLSK) stock is a Hold with a $11.50 price target. To see the full list of analyst forecasts on Cleanspark stock, see the CLSK Stock Forecast page.
Spark’s Take on CLSK Stock
According to Spark, TipRanks’ AI Analyst, CLSK is a Neutral.
The score is held back primarily by weak cash generation and earnings volatility, despite strong revenue scaling and a relatively supportive balance sheet. Technicals remain below key longer-term moving averages and valuation support is limited due to negative earnings. Offsetting these, the latest call highlighted strong liquidity, continued operational scale, and progress toward an AI/data-center platform, but with meaningful capex and timing risks.
To see Spark’s full report on CLSK stock, click here.
More about Cleanspark
CleanSpark, Inc. operates in the corporate sector as an issuer of preferred and common equity, including Series A Preferred Stock held largely by current and former executives and their affiliated entities. Its capital structure includes high-vote preferred shares, giving certain insiders significant voting influence over corporate decisions and potential change-of-control transactions.
Average Trading Volume: 25,583,407
Technical Sentiment Signal: Sell
Current Market Cap: $2.55B
See more insights into CLSK stock on TipRanks’ Stock Analysis page.