Cleanspark (NASDAQ:CLSK – Get Free Report) posted its quarterly earnings data on Monday. The company reported ($1.52) EPS for the quarter, missing the consensus estimate of ($0.25) by ($1.27), FiscalAI reports. Cleanspark had a positive return on equity of 11.74% and a negative net margin of 33.24%.The company had revenue of $136.41 million during the quarter, compared to the consensus estimate of $145.36 million. During the same period last year, the business earned ($0.49) EPS. The firm’s quarterly revenue was down 24.9% compared to the same quarter last year.
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 Trading Down 4.0%
CLSK stock opened at $13.72 on Tuesday. The stock has a market capitalization of $3.51 billion, a price-to-earnings ratio of -12.92 and a beta of 3.71. Cleanspark has a twelve month low of $8.00 and a twelve month high of $23.61. The firm’s fifty day simple moving average is $10.64 and its two-hundred day simple moving average is $11.95. The company has a quick ratio of 10.54, a current ratio of 10.54 and a debt-to-equity ratio of 1.29.
Cleanspark News Summary
- Positive Sentiment: CleanSpark said it doubled megawatts under contract year over year, including 585 MW of ERCOT-approved capacity, while increasing Bitcoin holdings 14% and average monthly hashrate 18%, underscoring operational growth and infrastructure expansion. CleanSpark Reports Second Fiscal Quarter 2026 Results
- Positive Sentiment: Management said it is advancing a 1.8 GW contracted capacity pipeline and outlined a 14- to 18-month delivery timeline for AI data centers, which could support longer-term revenue opportunities beyond Bitcoin mining. Cleanspark outlines 14–18-month delivery timeline for ai data centers as it markets 1.8 gw contracted capacity
- Neutral Sentiment: Executives emphasized the company’s evolution into a digital infrastructure and data center developer, framing AI as a new use case for its energy and compute assets. Cleanspark Inc (CLSK) Q2 2026 Earnings Call Highlights
- Negative Sentiment: The quarter’s results were weak, with earnings and revenue both missing estimates and the company posting a larger-than-expected loss versus last year. CleanSpark (CLSK) Reports Q2 Loss, Lags Revenue Estimates
- Negative Sentiment: Investors also reacted to a reported more than $200 million loss tied to Bitcoin holdings, adding to concerns about earnings volatility and crypto exposure. CLSK stock tumbles after flagging over $200M loss in bitcoin holdings
Analyst Upgrades and Downgrades
Several research analysts have weighed in on CLSK shares. Northland Securities began coverage on Cleanspark in a research note on Tuesday, January 13th. They issued an “outperform” rating and a $22.50 price target for the company. Weiss Ratings reissued a “sell (d)” rating on shares of Cleanspark in a report on Friday. B. Riley Financial dropped their target price on shares of Cleanspark from $22.00 to $19.00 and set a “buy” rating for the company in a research report on Wednesday, February 11th. Chardan Capital reaffirmed a “buy” rating and set a $16.00 target price on shares of Cleanspark in a research note on Wednesday, April 8th. Finally, Cantor Fitzgerald reduced their price target 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. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $20.29.
Get Our Latest Stock Report on CLSK
Hedge Funds Weigh In On Cleanspark
A number of large investors have recently bought and sold shares of CLSK. Integrated Wealth Concepts LLC bought a new position in Cleanspark in the 1st quarter worth about $68,000. Caxton Associates LLP bought a new stake in shares of Cleanspark during the first quarter valued at approximately $169,000. United Services Automobile Association bought a new stake in shares of Cleanspark during the first quarter valued at approximately $125,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Cleanspark by 16.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 598,994 shares of the company’s stock valued at $4,025,000 after purchasing an additional 86,229 shares during the period. Finally, Strs Ohio purchased a new stake in shares of Cleanspark in the first quarter valued at approximately $38,000. Hedge funds and other institutional investors own 43.12% of the company’s stock.
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.
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