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CLSK

CleanSpark, Inc.

CLSK

NASDAQ·Financial Services·Asset Management - Cryptocurrency·Mkt cap $3.5B

$12.62

-7.34%

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Our plain-language verdict, the thesis, risk factors, and what is changing about the business.

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52-Week Range

$8.00 - $23.61

P/E

-11.97

Fwd P/E

-3.94

Beta

3.81

Div Yield

0.00%

Avg Vol

21.9M

Shares Out

255.8M

Mkt Cap

$3.5B

Price action

Price chart

Up 9.1% over the trailing year

1W
1M
3M
6M
YTD
1Y
5Y
MAX

Total returns

Price performance

Total return across standard periods - splits & dividends adjusted by FMP. Periods longer than 1Y show annualized in the tooltip.

Why we rate it this way

The thesis at a glance

Bull and bear case · plain-English context across the five lenses we evaluate.

Bull Case

5 reasons

  • Proprietary energy management and microgrid optimization platforms with established customer base
  • Integrated business model combining mining operations with energy technology expertise
  • Government and military contracts providing stable, recurring revenue streams
  • Gasification technology and advanced energy storage capabilities
  • Established infrastructure and technical consulting capabilities in distributed energy systems

Bear Case

2 risks

  • Very high volatility (beta 3.8). Expect 3x market swings. Position size accordingly.
  • Growth premium of 0.0x vs sector peers. Reasonable for this growth rate.

Growth

Revenue decline expected

Increasing institutional adoption of bitcoin and cryptocurrency mining

Value

Growth premium of 0.0x vs sector peers. Reasonable for this growth rate.

Momentum

Hot

+55.0% over 3m

Quality

Thin

Emerging growth company (68% revenue growth). Early stage with higher risk.

Dividend

None

No dividend

Earnings track record

Recent earnings results

AI-summarized recap of last quarter, plus the surprise on every print.

Next: May 6, 2026

Q2 26 RECAP

MAY 11, 2026

Reported EPS of -$0.52 vs -$0.25 consensus (-108.0% surprise). Revenue of $136.4M vs $145.4M expected (-6.2%).

EPS miss
Revenue miss

EPS surprise · last 4Q

0 of 1 beats

Q2 26

-108.0%

Next: May 6, 2026

Revenue trend · last 8Q

+120%

+63%

+91%

+151%

+12%

Q2 24

Q3 24

Q4 24

Q1 24

Q2 25

Q3 25

Q4 25

Q1 25

$111.8M

$104.1M

$89.3M

$162.3M

$181.7M

$198.6M

$223.7M

$181.2M

Margins · last 8Q

Gross

34.1%

Operating

-174.7%

Profit

-209.0%

Wall Street consensus

9 analysts · 100% Buy

Live ratings and price targets aggregated across covering analysts.

Buy

9

100%

Hold

0%

Sell

0%

Median Price Target

$16.00

+26.8% vs $12.62

Low $14.00
Median $16.00
High $18.00

Latest: Citi · Jun 24, 2026

2 analysts covering

vs Industry

How CLSK stacks vs Asset Management - Cryptocurrency

Stock metrics vs industry averages. Green = better than industry.

Industry comparison data unavailable for this stock.