Cleanspark (NASDAQ:CLSK) Downgraded to “Strong Sell” Rating by Zacks Research

Cleanspark (NASDAQ:CLSK) was downgraded by equities researchers at Zacks Research from a “hold” rating to a “strong sell” rating in a report released on Monday,Zacks.com reports.

A number of other equities research analysts have also weighed in on the stock. Northland Securities assumed coverage on shares of Cleanspark in a report on Tuesday, January 13th. They set an “outperform” rating and a $22.50 target price on the stock. B. Riley Financial lowered their price objective on shares of Cleanspark from $22.00 to $19.00 and set a “buy” rating on the stock in a report on Wednesday, February 11th. Cantor Fitzgerald lowered their price objective on shares of Cleanspark from $17.00 to $14.00 and set an “overweight” rating on the stock in a report on Thursday, April 9th. Chardan Capital reiterated a “buy” rating and issued a $16.00 target price on shares of Cleanspark in a research note on Wednesday, April 8th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Cleanspark in a research report on Friday. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $20.29.

Cleanspark Price Performance

Shares of NASDAQ:CLSK opened at $13.47 on Monday. The firm has a 50 day moving average of $10.71 and a 200-day moving average of $11.93. The stock has a market capitalization of $3.44 billion, a PE ratio of -6.41 and a beta of 3.71. The company has a current ratio of 10.54, a quick ratio of 10.54 and a debt-to-equity ratio of 1.29. Cleanspark has a 12 month low of $8.00 and a 12 month high of $23.61.

Cleanspark (NASDAQ:CLSK) last announced its quarterly earnings results on Monday, May 11th. The company reported ($1.52) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.25) by ($1.27). The company had revenue of $136.41 million for the quarter, compared to the consensus estimate of $145.36 million. Cleanspark had a negative net margin of 67.66% and a positive return on equity of 6.22%. The company’s revenue for the quarter was down 24.9% compared to the same quarter last year. During the same period last year, the firm posted ($0.49) earnings per share. On average, equities research analysts predict that Cleanspark will post -0.7 EPS for the current fiscal year.

Institutional Investors Weigh In On Cleanspark

Several hedge funds have recently bought and sold shares of CLSK. Vanguard Group Inc. raised its stake in shares of Cleanspark by 3.0% during the third quarter. Vanguard Group Inc. now owns 26,051,850 shares of the company’s stock worth $377,752,000 after acquiring an additional 769,148 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Cleanspark by 81.3% during the first quarter. Dimensional Fund Advisors LP now owns 14,102,777 shares of the company’s stock valued at $120,007,000 after acquiring an additional 6,323,715 shares during the last quarter. Marex Group plc raised its stake in shares of Cleanspark by 23,812.2% during the fourth quarter. Marex Group plc now owns 5,400,561 shares of the company’s stock valued at $54,654,000 after acquiring an additional 5,377,976 shares during the last quarter. Invesco Ltd. increased its position in Cleanspark by 22.1% during the 3rd quarter. Invesco Ltd. now owns 4,482,527 shares of the company’s stock valued at $64,997,000 after purchasing an additional 810,203 shares during the period. Finally, Tidal Investments LLC increased its position in Cleanspark by 13.3% during the 3rd quarter. Tidal Investments LLC now owns 4,366,437 shares of the company’s stock valued at $63,313,000 after purchasing an additional 514,062 shares during the period. 43.12% of the stock is currently owned by institutional investors.

Trending Headlines about Cleanspark

Here are the key news stories impacting Cleanspark this week:

• Positive Sentiment: Maxim Group raised its price target on CleanSpark from $18 to $22 and reiterated a buy rating, implying meaningful upside from current levels. Benzinga
• Positive Sentiment: Analysts and management continue to frame CleanSpark’s expansion into AI and high-performance computing data centers as a potential new growth driver beyond Bitcoin mining. Yahoo Finance
• Positive Sentiment: Unusually heavy call-option buying suggests some traders are betting on a rebound or further upside in CLSK shares. Benzinga
• Neutral Sentiment: CleanSpark reported second-quarter fiscal 2026 results showing continued infrastructure expansion, including more megawatts under contract and higher Bitcoin holdings, which supports the long-term story but did not offset near-term operating pressure. PR Newswire
• Negative Sentiment: The earnings report disappointed investors: CleanSpark posted a wider-than-expected loss and revenue came in below estimates, reinforcing concerns about profitability and declining core mining economics. Zacks
• Negative Sentiment: Reports that the company flagged more than $200 million in losses tied to Bitcoin holdings added pressure, highlighting the risks of its crypto exposure. MSN

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.