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CleanSpark, Inc.

CLSK

Last
$10.51
Day
-1.1%
1y
-47.1%
5y
-15.2%
52w
-55.0%
SPY YTD
+13.3%
XLF
-1.3%
Earnings
2026-11-2445d
EMA 21
12.57
EMA 50
12.93
EMA 200
12.93
20d high
-30.4%
5y high
-57.0%
5y range
39th
Website · 309 employees · United States

Positions held

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Score
-16
Hold
avoid
Signal
Strong Sell
Target
$12.12
Stop
$9.39
Stop distance
10.7%
Target vs last
+15.3%

Bull / bear case

Site-generated summary from fundamentals, news, and score — not investment advice. As of 2026-10-08.

Bull case
  • CleanSpark operates in the capital markets sector, which is poised for growth as digital finance and cryptocurrency adoption increases.
  • The company's market cap stands at approximately $3.16 billion, indicating a strong position in the market.
  • CleanSpark has a strong buy recommendation with a target mean price of $23.89.
Bear case
  • The company has a high debt-to-equity ratio of 234.73, indicating potential financial instability.
  • Revenue growth has declined by 30.5% year-over-year, reflecting challenges in maintaining sales.
  • In the latest quarter, the operating margin was -82%, highlighting ongoing operational difficulties.

Fundamentals

Market cap$2.73BEnterprise value$4.31BTrailing P/E—Forward P/E-5.86
PEG—Price / book3.59Beta3.84Dividend yield0.00%
Revenue growth-30.5%Earnings growth—Gross margin47.0%Operating margin-1.7%
Profit margin-146.9%ROE-68.6%ROA-27.7%Debt / equity2.35
Current ratio5.91Free cash flow$48.90MAnalyst recommendationstrong_buyMean target$23.89
52w high$23.6152w low$8.00

Quarterly

2026-Q22026-Q12025-Q42025-Q32025-Q22025-Q1
Revenue$138M$136M$181M$224M$199M—
Op margin-82.0%-83.3%-37.8%-28.2%-11.2%—
Net income-$240M-$378M-$379M-$0.9M$257M—
Gross margin17.9%21.8%34.1%33.3%46.4%—
Gross profit$24.7M$29.8M$61.8M$74.5M$92.1M—
Operating income-$113M-$114M-$68.5M-$63.1M-$22.3M—
  • Revenue +1% vs prior quarter ($138M vs $136M).
  • Gross margin 17.9% (was 21.8% prior quarter).
  • Operating margin expanded to -82%.

Yearly (6y)

2025202420232022
Revenue$766M$379M$168M$132M
Op margin-14.0%-15.6%-73.2%-12.6%
Net income$364M-$146M-$138M-$57.3M
Gross margin41.6%36.8%17.3%37.5%
Gross profit$319M$139M$29.1M$49.4M
Operating income-$107M-$59.2M-$123M-$16.6M
Headline scan

No flags

• No distress or material-risk keywords in recent headlines (keyword scan only — not a guarantee).

News

CLSK · daily-29.8% over 13 sessions
Close EMA21 EMA50 EMA200
10.1211.4712.8214.1615.512026-092026-092026-092026-092026-102026-102026-10
Quarterly · revenue, net income, margins
Revenue Net income Gross margin Op margin
-$379M-$220M-$61M$98M$257M-83%-18%46%2025-Q22025-Q32025-Q42026-Q12026-Q2