Cleanspark (NASDAQ:CLSK) Announces Quarterly Earnings Results

Cleanspark (NASDAQ:CLSK) issued its quarterly earnings data on Monday. The company reported ($1.52) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.25) by ($1.27), FiscalAI reports. The business had revenue of $136.41 million for the quarter, compared to analysts’ expectations of $145.36 million. Cleanspark had a positive return on equity of 6.22% and a negative net margin of 67.66%.The company’s revenue for the quarter was down 24.9% on a year-over-year basis. During the same period in the previous year, the business posted ($0.49) earnings per share.

Here are the key takeaways from Cleanspark’s conference call:

• CleanSpark is repositioning as a digital infrastructure and data‑center developer that leverages its energy heritage and a portfolio with 1.8 gigawatts of currently contracted capacity and a >5 GW growth pipeline.
• Sandersville (250 MW live) added a 122‑acre parcel and is in advanced negotiations with a high‑credit prospective tenant, with management emphasizing long‑duration leases and disciplined counterparty selection.
• Management is deploying a modular, factory‑centric construction approach (saying it can cut on‑site labor by up to 70%), targets ~14–18 months from lease signing to delivery, and sees constructive financing markets for projects.
• Q2 revenue declined ~25% QoQ to ~$136M driven by lower Bitcoin prices and adjusted EBITDA was negative $241M, but liquidity remains strong at roughly $1.2 billion (cash + HODL) with the full $400M Bitcoin‑backed credit line available.
• The company remains exposed to Bitcoin price volatility and GAAP swings—Q2 included an unfavorable non‑cash mark‑to‑market charge of ~$263 million—and continues to report net losses until AI/HPC leases provide stable, long‑term cash flow.

Cleanspark Stock Down 0.7%

Cleanspark stock traded down $0.09 during trading hours on Wednesday, hitting $13.38. The company had a trading volume of 8,937,902 shares, compared to its average volume of 23,948,230. The firm has a market capitalization of $3.42 billion, a P/E ratio of -6.35 and a beta of 3.71. The company has a debt-to-equity ratio of 1.29, a current ratio of 10.54 and a quick ratio of 10.54. The firm’s fifty day moving average is $10.71 and its 200-day moving average is $11.93. Cleanspark has a fifty-two week low of $8.00 and a fifty-two week high of $23.61.

Key Cleanspark News

Here are the key news stories impacting Cleanspark this week:

• Positive Sentiment: Several firms raised price targets or reiterated bullish ratings after the earnings update, including BTIG Research at $26, Maxim Group at $22, and Keefe, Bruyette & Woods at $16, signaling that some analysts still see meaningful upside in Read More..
• Positive Sentiment: Unusual options activity showed heavy call buying, suggesting some traders are positioning for a rebound in Read More..
• Positive Sentiment: Management emphasized its shift beyond bitcoin mining toward AI and data center infrastructure, highlighting doubled megawatts under contract, higher bitcoin holdings, and expanding contracted capacity, which could broaden the long-term growth story for Read More..
• Neutral Sentiment: Investor commentary notes that analyst fair-value estimates have only edged slightly higher overall, with mixed views on how to value the company after recent capital allocation decisions and shifting assumptions for Read More..
• Negative Sentiment: The latest quarter disappointed on both earnings and revenue, with a wider-than-expected loss and sales below estimates, reinforcing concerns about profitability at Read More..
• Negative Sentiment: Zacks Research downgraded the stock from hold to strong sell, reflecting skepticism after the earnings miss and weaker operating results at Read More..
• Negative Sentiment: Reports also pointed to a large loss tied to bitcoin holdings, adding another headwind for sentiment around Read More..

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Quarry LP bought a new position in Cleanspark during the third quarter valued at approximately $26,000. Morse Asset Management Inc bought a new position in Cleanspark during the third quarter valued at approximately $32,000. CIBC Private Wealth Group LLC raised its position in Cleanspark by 5,081.0% during the third quarter. CIBC Private Wealth Group LLC now owns 3,005 shares of the company’s stock valued at $44,000 after acquiring an additional 2,947 shares in the last quarter. Parallel Advisors LLC raised its position in Cleanspark by 2,019.6% during the third quarter. Parallel Advisors LLC now owns 3,900 shares of the company’s stock valued at $57,000 after acquiring an additional 3,716 shares in the last quarter. Finally, Strs Ohio bought a new position in Cleanspark during the first quarter valued at approximately $38,000. Institutional investors and hedge funds own 43.12% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. B. Riley Financial reduced their target price on Cleanspark from $22.00 to $19.00 and set a “buy” rating on the stock in a research report on Wednesday, February 11th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Cleanspark in a report on Friday. Maxim Group raised their price target on shares of Cleanspark from $18.00 to $22.00 and gave the company a “buy” rating in a report on Tuesday. Northland Securities initiated coverage on shares of Cleanspark in a report on Tuesday, January 13th. They set an “outperform” rating and a $22.50 price target for the company. Finally, Needham & Company LLC raised their price target on shares of Cleanspark from $17.00 to $18.00 and gave the company a “buy” rating in a report on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $20.44.

About Cleanspark

CleanSpark, Inc (NASDAQ: CLSK) is a leading energy software and services company specializing in advanced microgrid controls and distributed energy resource (DER) management. The firm develops proprietary software platforms designed to optimize power flows across on-grid and off-grid installations, integrating renewable generation, battery storage, and traditional generation assets. CleanSpark’s technology is used by utilities, commercial and industrial enterprises, and remote facilities seeking to enhance energy resilience, reduce operating costs, and achieve sustainability goals.

In addition to its core software offerings, CleanSpark provides end-to-end engineering, procurement and construction (EPC) services.