CleanSpark Sees 31.7% Short Interest as Alpine Fox Increases Stake
CleanSpark currently carries 31.68% of its float sold short, the highest short interest among $2 billion-plus crypto mining and related stocks during February's Bitcoin volatility. In the latest SEC filing, Mike Alfred’s Alpine Fox LP disclosed an increased stake in CleanSpark alongside other crypto miners and AI infrastructure names.
1. CleanSpark Faces Record Short Interest
CleanSpark’s shares have 31.68% of their float sold short, marking the highest short interest among crypto-related firms with market capitalizations above $2 billion. This elevated bearish positioning reflects traders’ expectations of greater share price declines amid Bitcoin’s drop to around $60,230 in early February, a level not seen since late 2022.
2. Alpine Fox LP Boosts CleanSpark Stake
In newly filed SEC documents, Mike Alfred’s Alpine Fox LP reported an increased position in CleanSpark, joining its larger allocations to other crypto miners, AI infrastructure developers, and digital asset trusts. The move signals confidence from a technology-focused hedge fund that has also expanded stakes in companies like IREN and TeraWulf.