CleanSpark (CLSK) shares fell 38.8% from their September 30 close to $7.88 on October 23, most of the drop coming before Meta's third-quarter report as bitcoin and AI data center stocks sold off. Meta narrowed its 2026 capex range to $135–145 billion, and its lease and contract commitments reached about $825 billion, while its five-year credit default swaps hit a record 114.79 basis points on October 22. CleanSpark's Sandersville lease names Meta as guarantor of rent and operating expenses, so the article links the company's next financing, including a possible Texas lease with the same tenant, to Meta's credit. CEO Matt Schultz said terms continue to improve, while Canaccord Genuity initiated coverage with a Buy rating and $20 target and Cantor Fitzgerald cut its target to $19 from $26. The article says the key signal is whether a Texas lease is signed while Meta's swaps stay near their record.
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Related tickers and likely impact
META
• NeutralMeta Platforms
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Communication Services |
| Industry | Interactive Media & Services |
| Market cap | $1.7T |
| Close on 10/26/2026 | 630.56 |
| Change that session | -1.88% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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