CleanSpark (CLSK) Perpetual Futures Now Live on Bybit with 25x Leverage

Bybit has launched a new perpetual contract for CLSKUSDT, a tokenized version of CleanSpark (CLSK) stock, with leverage up to 25x. The listing went live on August 4, 2026, giving crypto traders direct exposure to the Bitcoin mining company's equity price movements without leaving the crypto ecosystem.

This is a significant addition for traders who want to speculate on CleanSpark's stock performance using crypto-native tools. Here's a breakdown of what happened, what it means, and how to approach it.

What Happened: Bybit Lists CLSKUSDT Perpetual

Bybit announced the new listing on its official announcements page, confirming the CLSKUSDT perpetual contract is now available for trading. Key details include:

• Underlying asset: CleanSpark Tokenized Stock (Robinhood)
• Exchange: Bybit Futures
• Maximum leverage: 25x
• Settlement: USDT-margined perpetual

This is a tier 3 listing, meaning it's a relatively new or niche asset on the exchange. The tokenized stock is part of the Robinhood ecosystem, and its on-chain explorer shows it's deployed on the Robinhood Chain.

CleanSpark is a well-known Bitcoin miner that has been pivoting toward AI data centers, according to recent reports. The stock has a market cap of around $4 billion, with roughly 256.6 million shares outstanding. The tokenized version tracks the NASDAQ-listed CLSK price, so traders can now use crypto leverage on a traditional equity.

Why This Matters for Traders

Tokenized stocks bridge the gap between traditional finance and crypto. By listing CLSKUSDT perpetual, Bybit allows traders to:

• Go long or short on CleanSpark without needing a brokerage account.
• Use up to 25x leverage to amplify potential gains (and losses).
• Trade 24/7 — no market close, unlike traditional stock exchanges.
• Settle in USDT, keeping everything within the crypto ecosystem.

This is especially relevant given CleanSpark's upcoming earnings report on August 6, 2026. Traders can position themselves ahead of the announcement, though that also increases event-driven volatility risk.

Token Snapshot: CLSK (CleanSpark Tokenized Stock)

Here's the metadata from the listing:

• Symbol: CLSK
• Name: CleanSpark Tokenized Stock (Robinhood)
• Category: Token
• Tags: Tokenized Assets, Robinhood Ecosystem
• Platform: Robinhood Chain (explorer: Blockscout)
• Twitter: @RobinhoodCrypto
• Infinite supply: No
• Date added to tracking: August 4, 2026

Note that the token's circulating supply and market cap are not self-reported, so treat any third-party data with caution.

Risk Notes

Trading tokenized stocks with leverage carries unique risks:

• Volatility: CleanSpark is a Bitcoin miner, so its price is highly correlated with BTC and can swing sharply.
• Earnings risk: The August 6 earnings report could trigger large moves in either direction.
• Leverage risk: 25x leverage can liquidate positions quickly if the price moves against you by just 4%.
• Tokenization risk: The tokenized asset may not perfectly track the underlying stock due to liquidity or oracle issues.

Disclaimer: This article is for informational purposes only and does not constitute financial advice. Perpetual futures are high-risk instruments. Always do your own research and never trade more than you can afford to lose.

Where to Trade CLSKUSDT

Currently, Bybit is the only exchange listed for trading this tokenized stock. You can find the CLSKUSDT perpetual contract on Bybit Futures.

If you want automated trading strategies for this or other assets, consider using our bot: Trade with our bot.

Stay tuned for more updates on tokenized stock listings and market analysis.