Cleanspark (NASDAQ:CLSK) Sets New 12-Month Low – Time to Sell?

Posted by Geri Gentry on Oct 22nd, 2026

Cleanspark, Inc. (NASDAQ:CLSK – Get Free Report)’s stock price hit a new 52-week low during mid-day trading on Thursday. The company traded as low as $8.00 and last traded at $8.04, with a volume of 10,907,650 shares. The stock had previously closed at $8.75.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Citigroup initiated coverage on Cleanspark in a research note on Wednesday, June 24th. They set an “outperform” rating on the stock. HC Wainwright restated a “buy” rating on shares of Cleanspark in a report on Friday, August 7th. BTIG Research reaffirmed a “buy” rating and set a $26.00 price objective on shares of Cleanspark in a research report on Tuesday, July 14th. Canaccord Genuity Group initiated coverage on Cleanspark in a report on Thursday. They set a “buy” rating and a $20.00 price target on the stock. Finally, B. Riley Financial upped their target price on shares of Cleanspark from $19.00 to $26.00 and gave the stock a “buy” rating in a research note on Monday, August 3rd. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $23.11.

View Our Latest Report on CLSK

Cleanspark Trading Down 6.9%

The company has a debt-to-equity ratio of 2.34, a quick ratio of 5.91 and a current ratio of 5.91. The firm has a market cap of $2.09 billion, a price-to-earnings ratio of -2.16 and a beta of 3.84. The business has a fifty day moving average of $12.10 and a two-hundred day moving average of $13.34.

Cleanspark (NASDAQ:CLSK – Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The company reported ($0.89) EPS for the quarter, missing analysts’ consensus estimates of ($0.47) by ($0.42). The company had revenue of $138.01 million for the quarter, compared to analyst estimates of $142.37 million. Cleanspark had a negative net margin of 146.90% and a negative return on equity of 18.63%. The firm’s revenue was down 30.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.90 EPS. As a group, equities analysts expect that Cleanspark, Inc. will post -1.40 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Cleanspark news, COO Taylor Monnig sold 25,249 shares of the stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of $13.34, for a total transaction of $336,821.66. Following the transaction, the chief operating officer owned 236,114 shares of the company’s stock, valued at $3,149,760.76. This trade represents a 9.66% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders sold 33,151 shares of company stock valued at $435,473 in the last three months. 2.08% of the stock is currently owned by company insiders.

Institutional Trading of Cleanspark

A number of large investors have recently modified their holdings of the company. CoreCap Advisors LLC grew its holdings in Cleanspark by 16.8% in the 2nd quarter. CoreCap Advisors LLC now owns 5,565 shares of the company’s stock worth $81,000 after buying an additional 800 shares in the last quarter. CX Institutional lifted its position in Cleanspark by 4.3% in the third quarter. CX Institutional now owns 19,462 shares of the company’s stock worth $251,000 after purchasing an additional 804 shares during the period. KBC Group NV lifted its position in Cleanspark by 10.7% in the first quarter. KBC Group NV now owns 8,574 shares of the company’s stock worth $73,000 after purchasing an additional 828 shares during the period. Markowski Investments bought a new position in Cleanspark during the 2nd quarter valued at $25,000. Finally, NewEdge Advisors LLC lifted its holdings in shares of Cleanspark by 53.7% in the second quarter. NewEdge Advisors LLC now owns 5,215 shares of the company’s stock valued at $76,000 after buying an additional 1,822 shares during the period. Institutional investors and hedge funds own 43.12% of the company’s stock.

About Cleanspark

(Get Free Report)

CleanSpark, Inc is a bitcoin mining and digital infrastructure company headquartered in Henderson, Nevada. The company develops and operates data centers that use specialized computing equipment to validate transactions and secure the Bitcoin network.

CleanSpark focuses on acquiring, building and managing bitcoin mining facilities in the United States. Its operations have included sites in Georgia, Mississippi, Tennessee and Wyoming, with an emphasis on energy management, operational efficiency and access to reliable power.