America's pure Bitcoin play Cleanspark -- $CLSK pushed hard with words to expand into the world of HPC/AI, but it was all talk and no game! The company's infrastructure doesn't support HPC/AI capabilities -- they simply don't have the juicy tech hyperscalers are drooling over at the negotiation tables to receive a multi-site multi-billion-dollar deal! The high cost low output operations isn't ideal for company's like Nvidia. In 2025 $CLSK's management team was laughed out of the Nvidia office on two occasions, leaving empty handed -- no deal! The stock's correlation to Bitcoin is fairly positive. As Bitcoin continues to crash, $CLSK operations aren't profitable, and the HODL and the collateral will continue resulting in hefty net losses -- they could incur a significant cash runaway in a small period of time. Expanding into HPC/AI requires them spending hundreds of milions to retrofit their data centers to be HPC/AI capable. With only $200 million in cash, and a potential significant cash bleed, depending on what Bitcoin does in 2026 -- I don't believe Cleanspark is a buy nor hold in 2026, but a sell!