Analysts Set Expectations for Cleanspark FY2026 Earnings

Cleanspark, Inc. (NASDAQ:CLSK) – Investment analysts at Northland Securities decreased their FY2026 earnings per share estimates for shares of Cleanspark in a report issued on Thursday, August 6th. Northland Securities analyst M. Grondahl now forecasts that the company will post earnings per share of ($1.41) for the year, down from their previous estimate of ($1.13). The consensus estimate for Cleanspark’s current full-year earnings is ($1.23) per share. Northland Securities also issued estimates for Cleanspark’s Q4 2026 earnings at ($0.38) EPS, Q1 2027 earnings at ($0.39) EPS, Q2 2027 earnings at ($0.38) EPS, Q3 2027 earnings at ($0.37) EPS, Q4 2027 earnings at ($0.36) EPS and FY2027 earnings at ($1.49) EPS.

Cleanspark (NASDAQ:CLSK) last posted its quarterly earnings data on Thursday, August 6th. The company reported ($0.89) EPS for the quarter, missing the consensus estimate of ($0.47) by ($0.42). The firm had revenue of $138.01 million during the quarter, compared to analysts’ expectations of $142.37 million. Cleanspark had a negative net margin of 146.90% and a negative return on equity of 18.63%. The company’s quarterly revenue was down 30.5% on a year-over-year basis. During the same quarter last year, the business posted $0.90 EPS.

A number of other equities research analysts have also recently issued reports on CLSK. HC Wainwright restated a “buy” rating on shares of Cleanspark in a research note on Friday. Keefe, Bruyette & Woods boosted their price objective on Cleanspark from $16.00 to $25.00 and gave the company an “outperform” rating in a research note on Tuesday, July 28th. Citigroup started coverage on Cleanspark in a report on Wednesday, June 24th. They set an “outperform” rating on the stock. Weiss Ratings lowered Cleanspark from a “sell (d)” rating to a “sell (d-)” rating in a report on Friday, May 22nd. Finally, BTIG Research reiterated a “buy” rating and set a $26.00 price target on shares of Cleanspark in a research report on Tuesday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Cleanspark currently has a consensus rating of “Moderate Buy” and a consensus price target of $23.88.

Cleanspark Stock Performance

NASDAQ CLSK opened at $11.59 on Tuesday. Cleanspark has a 52-week low of $8.00 and a 52-week high of $23.61. The company has a 50-day simple moving average of $14.74 and a 200 day simple moving average of $12.65. The company has a market capitalization of $2.98 billion, a PE ratio of -3.07 and a beta of 3.86. The company has a debt-to-equity ratio of 2.34, a quick ratio of 2.11 and a current ratio of 5.91.

Institutional Trading of Cleanspark

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP boosted its position in Cleanspark by 81.3% during the 1st 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 in the last quarter. Situational Awareness LP grew its stake in shares of Cleanspark by 648.4% in the first quarter. Situational Awareness LP now owns 12,276,139 shares of the company’s stock worth $104,470,000 after acquiring an additional 10,635,739 shares during the last quarter. Marex Group plc increased its holdings 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 in the last quarter. Invesco Ltd. raised its position in shares of Cleanspark by 22.1% in the 3rd quarter. Invesco Ltd. now owns 4,482,527 shares of the company’s stock worth $64,997,000 after purchasing an additional 810,203 shares during the last quarter. Finally, Tidal Investments LLC boosted its stake in Cleanspark by 13.3% in the 3rd quarter. Tidal Investments LLC now owns 4,366,437 shares of the company’s stock worth $63,313,000 after purchasing an additional 514,062 shares in the last quarter. Hedge funds and other institutional investors own 43.12% of the company’s stock.

Key Cleanspark News

Here are the key news stories impacting Cleanspark this week:

• Positive Sentiment: Analyst support remains strong: Chardan Capital reaffirmed a “Buy” rating and set a $21 price target, implying substantial upside from recent levels. Cantor Fitzgerald reiterated its “Overweight” rating, while Maxim Group maintained its “Buy” recommendation. Chardan Capital rating Cantor Fitzgerald rating Maxim Group rating
• Positive Sentiment: HC Wainwright also issued a Buy rating while forecasting fiscal 2026 EPS of negative $1.46. Although the estimate is below the broader consensus of negative $1.23, the rating indicates the firm sees longer-term value in the Bitcoin miner.
• Neutral Sentiment: CleanSpark’s stock remains highly volatile, with a beta of 3.86, and trades below its 50-day moving average. This leaves the shares particularly sensitive to Bitcoin prices, mining economics and changes in investor risk appetite.
• Negative Sentiment: Northland Securities reduced earnings estimates across fiscal 2026 and 2027. Its FY2026 EPS forecast fell to negative $1.41 from negative $1.13, while FY2027 fell sharply to negative $1.49 from negative $0.62. Quarterly 2027 estimates were also lowered, signaling expectations for more prolonged losses and likely weighing on investor sentiment.
• Negative Sentiment: Cryptocurrency-related selling pressured the sector: CleanSpark declined alongside Riot Platforms and MARA Holdings after Strategy reportedly sold Bitcoin and shares. The move highlights the company’s exposure to Bitcoin price fluctuations and broader miner-sector sentiment. Bitcoin miner sector decline

Cleanspark Company Profile

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.