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CLSK(CLSK)
CLSK
Earnings in 1 day · May 7, 2026 · After close
Signal
Bullish Setup2↑
PRICE
Prev Close
12.82
Open
13.13
Day Range13.00 – 13.57
13.00
13.57
52W Range7.82 – 23.61
7.82
23.61
35% of range
VOLUME & SIZE
Avg Volume
20.1M
FUNDAMENTALS
P/E Ratio
-12.7x
Not profitable
EPS (TTM)
—
Div Yield
No dividend
Beta
2.70
High vol
Quick Read
Trend—Insufficient MA data
Momentum
BULLISH
revenue +68% YoY · 41% gross marginValuation
FAIR
P/E not availableHealth
WEAK
CR 10.5 · FCF negativeLean Bullish
Key MetricsTTM
Market Cap$3.43B
Revenue TTM$785.19M
Net Income TTM-$261.04M
Free Cash Flow-$1.05B
Gross Margin41.4%
Net Margin-33.2%
Operating Margin-26.4%
Return on Equity-13.7%
Return on Assets-7.8%
Debt / Equity1.29
Current Ratio10.54
EPS TTM$-0.92
Alpha SignalsFull Analysis →
What Moves This Stock
Bitcoin spot price - direct correlation as revenue is denominated in BTC sold at market prices
Bitcoin network hashrate and mining difficulty - rising difficulty reduces BTC mined per unit of hashpower
Operational hashrate deployment - announcements of new facilities coming online or rig installations
Energy cost trends - natural gas prices and regional electricity rates impact margins
Macro Sensitivity
Economic Cycle
moderate - Bitcoin price exhibits correlation with risk asset sentiment and liquidity conditions rather than traditional GDP drivers. During economic uncertainty, Bitcoin can act as both risk-off (selling pressure) and alternative asset (institutional allocation). Company's operational costs are relatively GDP-insensitive, but access to growth capital tightens in recessions.
Interest Rates
Rising rates negatively impact valuation multiples for high-growth, cash-burning businesses like CleanSpark. Higher rates also correlate with reduced speculative capital flows into Bitcoin and crypto assets. With zero debt, the company avoids direct financing cost pressure, but equity dilution becomes more expensive as cost of capital rises. Equipment financing for rig purchases becomes costlier in high-rate environments.
Key Risks
Bitcoin regulatory uncertainty - potential US or state-level restrictions on mining operations, energy consumption mandates, or taxation changes could materially impact economics
Energy policy shifts - carbon taxes, renewable energy mandates, or grid reliability regulations could increase operating costs or force facility relocations
ASIC technological obsolescence - newer generation miners with superior efficiency (lower J/TH) could render current fleet uncompetitive within 2-3 years, requiring continuous capex
Investor Profile
growth and momentum - investors seeking leveraged exposure to Bitcoin price appreciation without directly holding cryptocurrency. High volatility and negative cash flow deter value investors. No dividend, so income investors avoid. Attracts crypto-native investors, thematic tech growth funds, and tactical traders playing Bitcoin momentum. Stock exhibits 2-3x beta to Bitcoin price movements.
Watch on Earnings
Bitcoin spot price (BTCUSD) - primary revenue driverBitcoin network hashrate and difficulty adjustments - published bi-weekly by blockchainNatural gas prices (Henry Hub) - proxy for electricity generation costs in key operating regionsCleanSpark operational hashrate deployment vs guidance
Health Radar
1 strong1 watch4 concern
27/100Liquidity
10.54Strong
Leverage
1.29Watch
Coverage
-15.4xConcern
ROE
-13.7%Concern
ROIC
-6.5%Concern
Cash
$43MConcern
ANALYST COVERAGE10 analysts
BUY
▲ +49.1%upside to target
L $14.00
Med $20.00consensus
H $22.50Stock Health
Composite Score
3 of 5 signals bullish
5/10
Technicals
●
✓RSI RangeRSI 67 — Bullish momentum
Volume
●
✗Volume FlowDistribution — institutional selling
Fundamentals
●
✗Last EarningsMissed estimates
●
✓Analyst ConsensusBuy
●
✓LiquidityCurrent Ratio 10.54 — healthy liquidity
Upcoming Events
EEarnings Report · After CloseMay 7, 2026
Tomorrow
DEx-Dividend DateAug 4, 2026
In 90 days
PDividend PaymentAug 31, 2026
In 117 days
FinancialsFull statements →
Technicals
Technical SetupBULLISH
Technicals →Trend
▲ UptrendDeath Cross · 50D trails 200D by 14.5%
+28.4% vs SMA 50 · +9.8% vs SMA 200
Momentum
RSI67.0Positive momentum, not extended
MACD-0.35Below zero — bearish pulse · compressing
Market Position
Price Levels
52W High
$23.61+76.1%
Current
$13.41
EMA 200
$11.21-16.4%
EMA 50
$10.36-22.7%
52W Low
$7.82-41.7%
52-Week RangeMid-range
$7.8235th %ile$23.61
Squeeze SetupVolume-based
Distribution PressureDistribution pattern detected. More selling days than accumulation over the past 20 sessions. Not a conducive environment for a squeeze.
20-Day Money Flow
Acc days:5
Dist days:6
Edge:+1 dist
Volume Context
Avg Vol (50D)28.2M
Recent Vol (5D)
22.0M-22%
Based on volume distribution analysis. Direct short interest data (short float %, days to cover) is not available in current data sources.
Earnings & Analysts
ANALYST ESTIMATES
Consensus of 8 analysts
Analyst revisions:EPS↑ Revised UpRevenue↓ Revised Down
Analyst consensus estimates · Actuals replace estimates as reported
| Year | Revenue Est. | Rev Gth | EPS Est. | EPS Gth | Range | Analysts |
|---|---|---|---|---|---|---|
FY2024 | $394.9M $320.6M–$480.8M | — | -$0.42 | — | ±26% | Moderate3 |
FY2025 | $774.5M $748.8M–$825.3M | ▲ +96.1% | $1.41 | — | ±38% | High8 |
FY2026(current) | $662.7M $652.4M–$679.9M | ▼ -14.4% | -$2.27 | — | ±14% | High7 |
Range confidence:Tight (high)ModerateWide (low)
Earnings HistoryCLSK
Last 8Q
+167.3%avg beat
Beat 4 of 8 quartersMissed 4↑ Estimates rising+117%
Q2'24
+354%
Q3'24
-50%
Q4'24
+12%
Q1'25
-167%
Q2'25
+1200%
Q3'25
-104%
Q4'25
-25%
Q1'26
Beat
Miss
Estimate
Deeper color = bigger beat/miss
* Negative EPS shown at reduced heightAnalyst Activity
All ratings →No recent activity
Deutsche BankBuy
Aug 12
UPGRADE
Piper SandlerOverweight
Aug 12
UPGRADE
Insider Activity
SEC Filings →0 Buys/2 SellsNet Selling
Wood Thomas LeighDir
$997K
Dec 23
SELL
Cavaleri AmandaDir
$496K
Dec 4
SELL
Financials
INSTITUTIONAL OWNERSHIP
1
Nuveen, LLC
3.1M▲2
EXCHANGE TRADED CONCEPTS, LLC
1.7M▲3
SG Americas Securities, LLC
503K▼4
CONGRESS ASSET MANAGEMENT CO /MA
415K▲5
Maridea Wealth Management LLC
301K▲6
NEW YORK STATE TEACHERS RETIREMENT SYSTEM
284K▼7
Fiduciary Alliance LLC
240K▲8
THRIVENT FINANCIAL FOR LUTHERANS
171K▼News & Activity
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About
CleanSpark, Inc., a Nevada corporation, is in the business of providing advanced software and controls technology solutions to solve modern energy challenges. We have a suite of software solutions that provide end-to-end microgrid energy modeling, energy market communications, and energy management solutions. Our offerings consist of intelligent energy monitoring and controls, intelligent microgrid design software, middleware communications protocols for the energy industry, energy system engineering, and software consulting services. Through its wholly owned subsidiary ATL Data Centers LLC, CleanSpark owns and operates a data center that provides customers with traditional on-site and cloud-based data center services. The Company also owns and operates a fleet of over 3,400 ASIC (application-specific integrated circuit) Bitcoin miners producing over 200 PH/s in mining capacity. Capacity is expected to increase to over 300 PH/s in mining capacity in early 2021. CleanSpark plans to apply its technologies with a goal of mining bitcoins at the lowest energy prices in the United States .
Industry
Computer Systems Design Services
Website
Gary A. VecchiarelliPresident & Chief Financial Officer
Scott GarrisonExecutive Vice President & Chief Development Officer
Bradley AudissSenior Vice President of Operations
Peers— Technology(7 companies)
Screen sector →| Symbol | Price | Day % | Mkt Cap↓ | P/E | Rev Grw | Margin | ELO |
|---|---|---|---|---|---|---|---|
CLSK◀ | $13.41 | +0.00% | $3.4B | — | +10221.1% | — | 1500 |
| $196.50 | -1.00% | $4.8T | 39.8 | +6547.4% | 5560.3% | 1494 | |
| $284.18 | +2.66% | $4.2T | 34.1 | +642.6% | 2691.5% | 1491 | |
| $411.38 | -0.54% | $3.1T | 24.4 | +1493.2% | 3614.6% | 1477 | |
| $427.36 | +2.61% | $2.0T | 81.1 | +2387.4% | 3619.8% | 1504 | |
| $640.20 | +11.06% | $722.0B | 29.9 | +4885.1% | 2284.5% | 1536 | |
| $355.26 | +4.02% | $579.2B | 115.7 | +3433.8% | 1251.5% | 1517 | |
| Sector avg | — | +2.69% | — | 54.2 | +4230.1% | 3170.4% | 1503 |