Situational Awareness Names CleanSpark as Top Under-the-Radar AI Stock

Situational Awareness, an investment entity associated with Leopold Aschenbrenner, identified CleanSpark as one of its top five under-the-radar AI stock picks. The company, primarily known for Bitcoin mining, is pursuing a partial pivot toward AI infrastructure and data center development.

To support this transition, CleanSpark contracted an expansion to increase its power capacity from 808 MW to 1.8 GW. While the company has not yet secured major hyperscale customers, investor enthusiasm for the AI pivot drove a share price increase of approximately 63% over the past year.

Financial performance remains mixed. CleanSpark reported a 25% year-over-year revenue decline in the first quarter, citing falling Bitcoin prices. Additionally, the stock faces high short interest, with 32.76% of shares outstanding shorted as of early June 2026.