Track market-moving stories before they get noisy

In the latest trading session, CleanSpark (CLSK - Free Report) closed at $8.16, marking a -6.74% move from the previous day. This move lagged the S&P 500's daily loss of 1.21%. At the same time, the Dow added 0.02%, and the tech-heavy Nasdaq lost 2.6%.

Heading into today, shares of the company had lost 39.49% over the past month, lagging the Finance sector's loss of 1.78% and the S&P 500's loss of 0.03%.

The investment community will be closely monitoring the performance of CleanSpark in its forthcoming earnings report. It is anticipated that the company will report an EPS of -$0.36, marking a 3500% fall compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $132.07 million, showing a 40.95% drop compared to the year-ago quarter.

In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of -$4.14 per share and a revenue of $584.2 million, indicating changes of -683.1% and -23.77%, respectively, from the former year.

Investors should also take note of any recent adjustments to analyst estimates for CleanSpark. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.

Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.

The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 57.14% lower. At present, CleanSpark boasts a Zacks Rank of #4 (Sell).

The Financial - Miscellaneous Services industry is part of the Finance sector. This group has a Zacks Industry Rank of 171, putting it in the bottom 31% of all 250+ industries.

The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.

In the latest trading session, CleanSpark (CLSK - Free Report) closed at $9.35, marking a +1.3% move from the previous day. The stock's performance was ahead of the S&P 500's daily gain of 0.33%. Elsewhere, the Dow saw an upswing of 1.08%, while the tech-heavy Nasdaq appreciated by 0.08%.

Coming into today, shares of the company had lost 27.87% in the past month. In that same time, the Finance sector lost 3.99%, while the S&P 500 gained 1.41%.

The investment community will be closely monitoring the performance of CleanSpark in its forthcoming earnings report. It is anticipated that the company will report an EPS of -$0.36, marking a 3500% fall compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $132.07 million, reflecting a 40.95% fall from the equivalent quarter last year.

For the full year, the Zacks Consensus Estimates are projecting earnings of -$4.14 per share and revenue of $584.2 million, which would represent changes of -683.1% and -23.77%, respectively, from the prior year.

Investors should also take note of any recent adjustments to analyst estimates for CleanSpark. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.

Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 57.14% lower. Currently, CleanSpark is carrying a Zacks Rank of #4 (Sell).

The Financial - Miscellaneous Services industry is part of the Finance sector. With its current Zacks Industry Rank of 170, this industry ranks in the bottom 31% of all industries, numbering over 250.

The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?

Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about CleanSpark (CLSK - Free Report) .

CleanSpark currently has an average brokerage recommendation (ABR) of 1.27, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by 15 brokerage firms. An ABR of 1.27 approximates between Strong Buy and Buy.

Of the 15 recommendations that derive the current ABR, 12 are Strong Buy and two are Buy. Strong Buy and Buy respectively account for 80% and 13.3% of all recommendations.

Brokerage Recommendation Trends for CLSK

Check price target & stock forecast for CleanSpark here>>>

While the ABR calls for buying CleanSpark, it may not be wise to make an investment decision solely based on this information. Several studies have shown limited to no success of brokerage recommendations in guiding investors to pick stocks with the best price increase potential.

Do you wonder why? As a result of the vested interest of brokerage firms in a stock they cover, their analysts tend to rate it with a strong positive bias. According to our research, brokerage firms assign five "Strong Buy" recommendations for every "Strong Sell" recommendation.

This means that the interests of these institutions are not always aligned with those of retail investors, giving little insight into the direction of a stock's future price movement. It would therefore be best to use this information to validate your own analysis or a tool that has proven to be highly effective at predicting stock price movements.

With an impressive externally audited track record, our proprietary stock rating tool, the Zacks Rank, which classifies stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), is a reliable indicator of a stock's near-term price performance. So, validating the Zacks Rank with ABR could go a long way in making a profitable investment decision.

ABR Should Not Be Confused With Zacks RankIn spite of the fact that Zacks Rank and ABR both appear on a scale from 1 to 5, they are two completely different measures.

The ABR is calculated solely based on brokerage recommendations and is typically displayed with decimals (example: 1.28). In contrast, the Zacks Rank is a quantitative model allowing investors to harness the power of earnings estimate revisions. It is displayed in whole numbers -- 1 to 5.

It has been and continues to be the case that analysts employed by brokerage firms are overly optimistic with their recommendations. Because of their employers' vested interests, these analysts issue more favorable ratings than their research would support, misguiding investors far more often than helping them.

On the other hand, earnings estimate revisions are at the core of the Zacks Rank. And empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.

In addition, the different Zacks Rank grades are applied proportionately to all stocks for which brokerage analysts provide current-year earnings estimates. In other words, this tool always maintains a balance among its five ranks.

Another key difference between the ABR and Zacks Rank is freshness. The ABR is not necessarily up-to-date when you look at it. But, since brokerage analysts keep revising their earnings estimates to account for a company's changing business trends, and their actions get reflected in the Zacks Rank quickly enough, it is always timely in indicating future price movements.

Is CLSK Worth Investing In?Looking at the earnings estimate revisions for CleanSpark, the Zacks Consensus Estimate for the current year has declined 57.1% over the past month to -$4.14.

Analysts' growing pessimism over the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates lower, could be a legitimate reason for the stock to plunge in the near term.

The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #4 (Sell) for CleanSpark. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>

Therefore, it could be wise to take the Buy-equivalent ABR for CleanSpark with a grain of salt.

Closed previously announced $2.276 billion of senior secured notes LAS VEGAS, Oct. 9, 2026 /PRNewswire/ -- CleanSpark, Inc. (Nasdaq: CLSK) ("CleanSpark" or the "Company"), a market-leading data center developer, today released its unaudited Bitcoin mining and operations update for the month ended September 30, 2026. As previously announced in our press release dated September 25, 2026, CleanSpark's wholly owned subsidiary, CSDC Finance I, LLC, closed on its $2.276 billion aggregate principal amount of 7.875% senior secured notes due 2031, funding our data center build-out for the lease that is expected to generate approximately $6.6 billion dollar of contracted revenue over the initial term.

CleanSpark (CLSK - Free Report) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.

Over the past month, shares of this company have returned -13.3%, compared to the Zacks S&P 500 composite's +1.4% change. During this period, the Zacks Financial - Miscellaneous Services industry, which CleanSpark falls in, has lost 9.4%. The key question now is: What could be the stock's future direction?

While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.

Revisions to Earnings EstimatesHere at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock.

Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up as well. And when a stock's fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements.

For the current quarter, CleanSpark is expected to post a loss of $0.36 per share, indicating a change of -3500% from the year-ago quarter. The Zacks Consensus Estimate remained unchanged over the last 30 days.

The consensus earnings estimate of -$4.14 for the current fiscal year indicates a year-over-year change of -683.1%. This estimate has changed -57.1% over the last 30 days.

For the next fiscal year, the consensus earnings estimate of $1.49 indicates a change of +64.2% from what CleanSpark is expected to report a year ago. Over the past month, the estimate has changed +33.5%.

With an impressive externally audited track record, our proprietary stock rating tool -- the Zacks Rank -- is a more conclusive indicator of a stock's near-term price performance, as it effectively harnesses the power of earnings estimate revisions. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #4 (Sell) for CleanSpark.

The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:

12 Month EPS

Projected Revenue GrowthWhile earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. After all, it's nearly impossible for a company to increase its earnings for an extended period without increasing its revenues. So, it's important to know a company's potential revenue growth.

In the case of CleanSpark, the consensus sales estimate of $132.07 million for the current quarter points to a year-over-year change of -41%. The $584.2 million and $588.85 million estimates for the current and next fiscal years indicate changes of -23.8% and +0.8%, respectively.

Last Reported Results and Surprise HistoryCleanSpark reported revenues of $138.01 million in the last reported quarter, representing a year-over-year change of -30.5%. EPS of -$0.4 for the same period compares with $0.78 a year ago.

Compared to the Zacks Consensus Estimate of $139.39 million, the reported revenues represent a surprise of -1%. The EPS surprise was -33.33%.

Over the last four quarters, CleanSpark surpassed consensus EPS estimates times. The company topped consensus revenue estimates times over this period.

ValuationWithout considering a stock's valuation, no investment decision can be efficient. In predicting a stock's future price performance, it's crucial to determine whether its current price correctly reflects the intrinsic value of the underlying business and the company's growth prospects.

While comparing the current values of a company's valuation multiples, such as price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), with its own historical values helps determine whether its stock is fairly valued, overvalued, or undervalued, comparing the company relative to its peers on these parameters gives a good sense of the reasonability of the stock's price.

As part of the Zacks Style Scores system, the Zacks Value Style Score (which evaluates both traditional and unconventional valuation metrics) organizes stocks into five groups ranging from A to F (A is better than B; B is better than C; and so on), making it helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.

CleanSpark is graded F on this front, indicating that it is trading at a premium to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.

Bottom LineThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about CleanSpark. However, its Zacks Rank #4 does suggest that it may underperform the broader market in the near term.

On October 07, 2026, Cleanspark Inc CLSK shares fell 6.3% to a current price of $11.52. The stock is trading within a 52-week range of $8.00 to $23.61. This recent decline adds to a troubling trend, with the stock down 35.9% over the past year.

GF Value™ verdict: Current price of $11.52 vs GF Value of $12.47, indicating a 7.6% undervaluation.GF Score™: 61/100 (Above Average), suggesting a moderate level of health and potential.Notable signal: Insiders sold $1.9M worth of shares over the past 12 months without any buying activity.Is CLSK Overvalued or Undervalued?The GF Value™, which is GuruFocus' proprietary estimate of intrinsic value based on historical trading multiples, business growth, and future performance predictions, indicates that Cleanspark Inc is currently undervalued. With a GF Value™ of $12.47 compared to its current price of $11.52, there is a margin of safety of 7.6%. However, while this suggests a potential opportunity, it is crucial to proceed with caution due to the company's unprofitability and cash flow negativity. The GF Valuation label indicates that the stock is fairly valued based on historical measures, but given CLSK's ongoing losses, this reading should be interpreted as a directional warning rather than a precise fair-value target.

The risk of investing in a company such as Cleanspark, which is currently facing cash flow challenges, means that valuations based on earnings (like the Price-to-Earnings ratio) may not be applicable. Instead, a Price-to-Sales (P/S) analysis may provide a more reliable assessment of the company's value in light of its current financial state.

How Does CLSK's Valuation Compare to Its History?MetricCurrentHistoricalP/E (TTM)Not Available32.9x (5-Year Median)Forward P/E30.3xBecause Cleanspark is not currently profitable, the P/E ratio is not available, making it challenging to compare current valuations directly with its historical P/E. However, the forward P/E of 30.3x indicates that the market may still be pricing in future growth despite the current operational challenges. This contrasts with the GF Value™, which suggests that the stock is undervalued. Such discrepancies highlight the complexity of valuing a company that is not generating earnings.

What Does CLSK's GF Score™ Tell Us?The GF Score™ is a composite measure that evaluates a company's financial health and growth potential across several dimensions. Cleanspark's current GF Score™ of 61/100 indicates an above-average performance, particularly in the valuation and momentum ranks.

MetricRatingGF Score™61Financial Strength3/10Profitability3/10Growth3/10Valuation7/10Momentum7/10The strongest areas for Cleanspark are its Valuation and Momentum ranks, both at 7/10, indicating that while the stock may be undervalued, it has shown some positive price momentum. Conversely, the Financial Strength, Profitability, and Growth ranks all score only 3/10, suggesting significant weaknesses in these critical areas, which could pose risks for potential investors.

What Are Gurus and Insiders Doing with CLSK?Currently, four gurus hold shares of Cleanspark, with four adding to their positions and one trimming their holdings in recent quarters. This indicates a cautious interest from professionals in the stock, suggesting that some see potential despite the company's challenges. In contrast, the insider activity raises concerns, as insiders have sold $1.9M worth of shares over the past year without any buying activity. This pattern typically signals a lack of confidence among those closest to the company, which could be an important consideration for potential investors.

What This Means for InvestorsBased on the analysis, Cleanspark Inc appears to be undervalued according to the GF Value™ assessment. However, due to its unprofitability and the concerning insider selling, caution is warranted. Investors may find opportunities, but they should carefully evaluate the risks associated with the company's financial health and market position.

For further details, you can visit the Cleanspark Inc CLSK stock page, along with the GF Value™ page for more insights.

Frequently Asked QuestionsWhat is CLSK's GF Score™?

CLSK's GF Score™ is 61/100, indicating an above-average level of health and potential compared to other companies.

Is CLSK overvalued or undervalued?

According to the GF Value™, CLSK is currently undervalued, with a potential upside based on the fair value estimate.

What is CLSK's P/E ratio?

CLSK's P/E ratio is not available as the company is currently unprofitable. However, its forward P/E is 30.3x, suggesting that the market is expecting growth in the future.

This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].

Disclosures I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.

CleanSpark (CLSK - Free Report) closed the most recent trading day at $12.88, moving -3.23% from the previous trading session. This change lagged the S&P 500's 0.25% loss on the day. At the same time, the Dow lost 0.86%, and the tech-heavy Nasdaq gained 0.24%.

Shares of the company have appreciated by 20.34% over the course of the past month, outperforming the Finance sector's loss of 4.43%, and the S&P 500's loss of 0.42%.

Market participants will be closely following the financial results of CleanSpark in its upcoming release. The company's earnings per share (EPS) are projected to be -$0.37, reflecting a 3600% decrease from the same quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $132.07 million, indicating a 40.95% decrease compared to the same quarter of the previous year.

Regarding the entire year, the Zacks Consensus Estimates forecast earnings of -$3.97 per share and revenue of $590.32 million, indicating changes of -659.15% and -22.97%, respectively, compared to the previous year.

Investors should also note any recent changes to analyst estimates for CleanSpark. These revisions typically reflect the latest short-term business trends, which can change frequently. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.

Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Right now, CleanSpark possesses a Zacks Rank of #4 (Sell).

The Financial - Miscellaneous Services industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 101, which puts it in the top 42% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

To follow CLSK in the coming trading sessions, be sure to utilize Zacks.com.

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?

Let's take a look at what these Wall Street heavyweights have to say about CleanSpark (CLSK - Free Report) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.

CleanSpark currently has an average brokerage recommendation (ABR) of 1.27, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by 15 brokerage firms. An ABR of 1.27 approximates between Strong Buy and Buy.

Of the 15 recommendations that derive the current ABR, 12 are Strong Buy and two are Buy. Strong Buy and Buy respectively account for 80% and 13.3% of all recommendations.

Brokerage Recommendation Trends for CLSK

Check price target & stock forecast for CleanSpark here>>>

While the ABR calls for buying CleanSpark, it may not be wise to make an investment decision solely based on this information. Several studies have shown limited to no success of brokerage recommendations in guiding investors to pick stocks with the best price increase potential.

Do you wonder why? As a result of the vested interest of brokerage firms in a stock they cover, their analysts tend to rate it with a strong positive bias. According to our research, brokerage firms assign five "Strong Buy" recommendations for every "Strong Sell" recommendation.

In other words, their interests aren't always aligned with retail investors, rarely indicating where the price of a stock could actually be heading. Therefore, the best use of this information could be validating your own research or an indicator that has proven to be highly successful in predicting a stock's price movement.

With an impressive externally audited track record, our proprietary stock rating tool, the Zacks Rank, which classifies stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), is a reliable indicator of a stock's near-term price performance. So, validating the Zacks Rank with ABR could go a long way in making a profitable investment decision.

Zacks Rank Should Not Be Confused With ABRIn spite of the fact that Zacks Rank and ABR both appear on a scale from 1 to 5, they are two completely different measures.

The ABR is calculated solely based on brokerage recommendations and is typically displayed with decimals (example: 1.28). In contrast, the Zacks Rank is a quantitative model allowing investors to harness the power of earnings estimate revisions. It is displayed in whole numbers -- 1 to 5.

It has been and continues to be the case that analysts employed by brokerage firms are overly optimistic with their recommendations. Because of their employers' vested interests, these analysts issue more favorable ratings than their research would support, misguiding investors far more often than helping them.

On the other hand, earnings estimate revisions are at the core of the Zacks Rank. And empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.

In addition, the different Zacks Rank grades are applied proportionately to all stocks for which brokerage analysts provide current-year earnings estimates. In other words, this tool always maintains a balance among its five ranks.

There is also a key difference between the ABR and Zacks Rank when it comes to freshness. When you look at the ABR, it may not be up-to-date. Nonetheless, since brokerage analysts constantly revise their earnings estimates to reflect changing business trends, and their actions get reflected in the Zacks Rank quickly enough, it is always timely in predicting future stock prices.

Is CLSK Worth Investing In?In terms of earnings estimate revisions for CleanSpark, the Zacks Consensus Estimate for the current year has remained unchanged over the past month at -$3.97.

Analysts' steady views regarding the company's earnings prospects, as indicated by an unchanged consensus estimate, could be a legitimate reason for the stock to perform in line with the broader market in the near term.

The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for CleanSpark. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>

It may therefore be prudent to be a little cautious with the Buy-equivalent ABR for CleanSpark.

, /PRNewswire/ -- CleanSpark, Inc. (Nasdaq: CLSK) ("CleanSpark" or the "Company"), a market-leading data center developer, today announced that its wholly owned subsidiary, CSDC Finance I, LLC (the "Issuer"), has priced a $2.276 billion offering of 7.875% senior secured notes due 2031 (the "Notes") at a price equal to 98.500% of their principal amount. The Notes will be sold in a private offering to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended (the "Securities Act") and to non-U.S. persons outside of the United States pursuant to Regulation S under the Securities Act. The offering is expected to close on September 25, 2026, subject to customary closing conditions.

The Issuer intends to use the net proceeds from the offering (a) to finance the remaining cost of the build out of the data center (the "Sandersville Facility"), (b) to reimburse the Company for certain prior equity contributions made in respect of the Sandersville Facility, and (c) to fund debt service reserves.

The Notes will be fully and unconditionally guaranteed by CSRE Properties Sandersville, LLC, a wholly owned direct subsidiary of the Issuer ("CSRE Properties"). The notes and related note guarantee will be secured by first-priority liens on (i) substantially all assets of the Issuer and CSRE Properties, other than certain excluded property, and (ii) all equity interests of the Issuer held by CSDC Holdings I, LLC, a Delaware limited liability company and the direct parent company of the Issuer.

CleanSpark will provide a customary completion guarantee with respect to the Sandersville Facility, under which it will fund the Issuer as necessary to ensure the timely completion of the Sandersville Facility in the event that the proceeds of the Notes are insufficient to do so.

The offering is subject to market and other conditions, and there can be no assurance as to whether, when or on what terms the offering may be completed.

The Notes have not been registered under the Securities Act or securities laws of any other jurisdiction, and the Notes may not be offered or sold in the United States absent registration or an applicable exemption from registration under the Securities Act and any applicable state securities laws. The Notes were offered only to persons reasonably believed to be qualified institutional buyers under Rule 144A under the Securities Act and outside the United States to non-U.S. persons in reliance on Regulation S under the Securities Act.

This press release shall not constitute an offer to sell, or a solicitation of an offer to buy the Notes, nor shall there be any sale of the Notes in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About CleanSpark
CleanSpark is a market-leading data center developer with a proven track record of success. We control a portfolio of more than 1.8 GW of power, land, and data centers across the United States powered by globally competitive energy prices. Sitting at the intersection of Bitcoin, energy, operational excellence, and capital stewardship, we optimize our infrastructure to deliver superior returns to our shareholders. Monetizing low-cost, high reliability energy by producing a global emerging critical resource – compute – positions us to prosper in an ever-changing world.

Forward Looking Statements
This press release contains certain forward-looking statements within the meaning of the federal securities laws of the United States. The Company intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995 and includes this statement for purposes of complying with these safe harbor provisions. Any statements made in this press release that are not statements of historical fact, such as statements regarding the anticipated terms of the Notes being offered, the completion, timing and size of the proposed offering of the Notes and the intended use of the net proceeds, are forward-looking statements and should be evaluated as such. These forward-looking statements generally are identified by the words "may," "will," "should," "expects," "plans," "anticipates," "could," "seeks," "intends," "targets," "projects," "contemplates," "believes," "estimates," "strategy," "future," "forecasts," "opportunity," "predicts," "potential," "would," "will likely result," "continue," and similar expressions (including the negative versions of such words or expressions).

These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by CleanSpark and our management, are inherently uncertain. Such forward-looking statements are subject to risks, uncertainties, and other factors that could cause actual results to differ materially from those expressed or implied by such forward looking statements. New risks and uncertainties may emerge from time to time, and it is not possible to predict all risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to: volatility in the price of CleanSpark's securities due to a variety of factors, including changes in the competitive and regulated industry in which CleanSpark operates, CleanSpark's evolving business model and strategy and efforts we may make to modify aspects of our business model or engage in various strategic initiatives, variations in performance across competitors, changes in laws and regulations affecting CleanSpark's business, and the ability to implement business plans, forecasts, and other expectations and to identify and realize additional opportunities. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in the "Risk Factors" section of our Annual Report on Form 10-K for the fiscal year ended September 30, 2025 filed with the Securities and Exchange Commission ("SEC") on November 25, 2025, our Quarterly Report on Form 10-Q for the fiscal quarter ended December 31, 2025 filed with the SEC on February 5, 2026, our Quarterly Report on Form 10-Q for the fiscal quarter ended March 31, 2026 filed with the SEC on May 11, 2026, our Quarterly Report on Form 10 Q for the fiscal quarter ended June 30, 2026 filed with the SEC on August 6, 2026, and CleanSpark's subsequent filings with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and CleanSpark assumes no obligation and, except as required by law, does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise.

Contacts:
Investor Relations Contact:
Kyle Sourk
702-989-7693
[email protected] 

Media Contact:
Eleni Stylianou
702-989-7694
[email protected] 

SOURCE CleanSpark, Inc.

, /PRNewswire/ -- CleanSpark, Inc. (Nasdaq: CLSK) ("CleanSpark" or the "Company"), a market-leading data center developer, today announced that its wholly owned subsidiary, CSDC Finance I, LLC (the "Issuer"), intends to offer, subject to market conditions and other factors, $2.227 billion aggregate principal amount of senior secured notes due 2031 (the "Notes"), in a private offering to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended (the "Securities Act") and to non-U.S. persons outside of the United States pursuant to Regulation S under the Securities Act.

The Issuer intends to use the net proceeds from the offering (a) to finance the remaining cost of the build out of the data center (the "Sandersville Facility"), (b) to reimburse the Company for certain prior equity contributions made in respect of the Sandersville Facility, and (c) to fund debt service reserves.

The Notes will be fully and unconditionally guaranteed by CSRE Properties Sandersville, LLC, a wholly owned direct subsidiary of the Issuer ("CSRE Properties"). The Notes and related note guarantee will be secured by first-priority liens on (i) substantially all assets of the Issuer and CSRE Properties, other than certain excluded property, and (ii) all equity interests of the Issuer held by CSDC Holdings I, LLC, a Delaware limited liability company and the direct parent company of the Issuer.

CleanSpark will provide a customary completion guarantee with respect to the Sandersville Facility, under which it will fund the Issuer as necessary to ensure the timely completion of the Sandersville Facility in the event that the proceeds of the Notes are insufficient to do so.

The offering is subject to market and other conditions, and there can be no assurance as to whether, when or on what terms the offering may be completed.

The Notes have not been registered under the Securities Act or securities laws of any other jurisdiction, and the Notes may not be offered or sold in the United States absent registration or an applicable exemption from registration under the Securities Act and any applicable state securities laws. The Notes will be offered only to persons reasonably believed to be qualified institutional buyers under Rule 144A under the Securities Act and outside the United States to non-U.S. persons in reliance on Regulation S under the Securities Act.

This press release shall not constitute an offer to sell, or a solicitation of an offer to buy the Notes, nor shall there be any sale of the Notes in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About CleanSpark
CleanSpark is a market-leading data center developer with a proven track record of success. We control a portfolio of more than 1.8 GW of power, land, and data centers across the United States powered by globally competitive energy prices. Sitting at the intersection of Bitcoin, energy, operational excellence, and capital stewardship, we optimize our infrastructure to deliver superior returns to our shareholders. Monetizing low-cost, high reliability energy by producing a global emerging critical resource – compute – positions us to prosper in an ever-changing world.

Forward Looking Statements
This press release contains certain forward-looking statements within the meaning of the federal securities laws of the United States. The Company intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995 and includes this statement for purposes of complying with these safe harbor provisions. Any statements made in this press release that are not statements of historical fact, such as statements regarding the anticipated terms of the notes being offered, the completion, timing and size of the proposed offering of the notes and the intended use of the net proceeds, are forward-looking statements and should be evaluated as such. These forward-looking statements generally are identified by the words "may," "will," "should," "expects," "plans," "anticipates," "could," "seeks," "intends," "targets," "projects," "contemplates," "believes," "estimates," "strategy," "future," "forecasts," "opportunity," "predicts," "potential," "would," "will likely result," "continue," and similar expressions (including the negative versions of such words or expressions).

These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by CleanSpark and our management, are inherently uncertain. Such forward-looking statements are subject to risks, uncertainties, and other factors that could cause actual results to differ materially from those expressed or implied by such forward looking statements. New risks and uncertainties may emerge from time to time, and it is not possible to predict all risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to: volatility in the price of CleanSpark's securities due to a variety of factors, including changes in the competitive and regulated industry in which CleanSpark operates, CleanSpark's evolving business model and strategy and efforts we may make to modify aspects of our business model or engage in various strategic initiatives, variations in performance across competitors, changes in laws and regulations affecting CleanSpark's business, and the ability to implement business plans, forecasts, and other expectations and to identify and realize additional opportunities. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in the "Risk Factors" section of our Annual Report on Form 10-K for the fiscal year ended September 30, 2025 filed with the Securities and Exchange Commission ("SEC") on November 25, 2025, our Quarterly Report on Form 10-Q for the fiscal quarter ended December 31, 2025 filed with the SEC on February 5, 2026, our Quarterly Report on Form 10-Q for the fiscal quarter ended March 31, 2026 filed with the SEC on May 11, 2026, our Quarterly Report on Form 10 Q for the fiscal quarter ended June 30, 2026 filed with the SEC on August 6, 2026, and in CleanSpark's subsequent filings with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and CleanSpark assumes no obligation and, except as required by law, does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise.

Contacts:
Investor Relations Contact:
Kyle Sourk
702-989-7693
[email protected] 

Media Contact:
Eleni Stylianou
702-989-7694
[email protected] 

SOURCE CleanSpark, Inc.

CleanSpark (CLSK - Free Report) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.

Over the past month, shares of this company have returned +9%, compared to the Zacks S&P 500 composite's -1.4% change. During this period, the Zacks Financial - Miscellaneous Services industry, which CleanSpark falls in, has gained 0.5%. The key question now is: What could be the stock's future direction?

Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision.

Revisions to Earnings EstimatesHere at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock.

Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up as well. And when a stock's fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements.

CleanSpark is expected to post a loss of $0.37 per share for the current quarter, representing a year-over-year change of -3600%. Over the last 30 days, the Zacks Consensus Estimate remained unchanged.

For the current fiscal year, the consensus earnings estimate of -$3.97 points to a change of -659.2% from the prior year. Over the last 30 days, this estimate has remained unchanged.

For the next fiscal year, the consensus earnings estimate of $1.11 indicates a change of +72% from what CleanSpark is expected to report a year ago. Over the past month, the estimate has remained unchanged.

With an impressive externally audited track record, our proprietary stock rating tool -- the Zacks Rank -- is a more conclusive indicator of a stock's near-term price performance, as it effectively harnesses the power of earnings estimate revisions. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for CleanSpark.

The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:

12 Month EPS

Revenue Growth ForecastEven though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. It's almost impossible for a company to grow its earnings without growing its revenue for long periods. Therefore, knowing a company's potential revenue growth is crucial.

For CleanSpark, the consensus sales estimate for the current quarter of $140.2 million indicates a year-over-year change of -37.3%. For the current and next fiscal years, $590.32 million and $640.5 million estimates indicate -23% and +8.5% changes, respectively.

Last Reported Results and Surprise HistoryCleanSpark reported revenues of $138.01 million in the last reported quarter, representing a year-over-year change of -30.5%. EPS of -$0.4 for the same period compares with $0.78 a year ago.

Compared to the Zacks Consensus Estimate of $139.39 million, the reported revenues represent a surprise of -1%. The EPS surprise was -33.33%.

Over the last four quarters, CleanSpark surpassed consensus EPS estimates times. The company topped consensus revenue estimates times over this period.

ValuationWithout considering a stock's valuation, no investment decision can be efficient. In predicting a stock's future price performance, it's crucial to determine whether its current price correctly reflects the intrinsic value of the underlying business and the company's growth prospects.

While comparing the current values of a company's valuation multiples, such as price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), with its own historical values helps determine whether its stock is fairly valued, overvalued, or undervalued, comparing the company relative to its peers on these parameters gives a good sense of the reasonability of the stock's price.

As part of the Zacks Style Scores system, the Zacks Value Style Score (which evaluates both traditional and unconventional valuation metrics) organizes stocks into five groups ranging from A to F (A is better than B; B is better than C; and so on), making it helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.

CleanSpark is graded F on this front, indicating that it is trading at a premium to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.

Bottom LineThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about CleanSpark. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.

Construction ongoing for the Sandersville campus with $6.6 billion in contracted revenue Receives notice of conditional batch zero classification by ERCOT for both sites in Texas LAS VEGAS, Sept. 8, 2026 /PRNewswire/ -- CleanSpark, Inc. (Nasdaq: CLSK) ("CleanSpark" or the "Company"), a market-leading data center developer, today released its unaudited Bitcoin mining and operations update for the month ended August 31, 2026.

On September 03, 2026, Cleanspark Inc CLSK shares rose 11.0% to a current price of $12.58. This price movement comes after a period of volatility, with a 52-week range of $8.00 to $23.61.

GF Value™ verdict: Current price $12.58 vs GF Value $12.59, indicating a 0.1% undervaluation.GF Score™: 62/100, suggesting the stock is above average based on GuruFocus's multifactor assessment.Most notable signal: Insiders sold $2.1M worth of shares over the past 12 months, without any buying activity.Is CLSK Overvalued or Undervalued?The current price of Cleanspark Inc CLSK is $12.58, which is just slightly below the GF Value™ estimate of $12.59. This indicates that the stock is marginally undervalued by about 0.1%. However, it is essential to note that GF Value™ is derived from historical trading multiples, past business growth, and future performance estimates. As such, while it can provide a directional warning, it may not be the most reliable measure for loss-making companies like Cleanspark, which has been unprofitable and cash-flow negative. Therefore, the close alignment of the stock price with GF Value™ should not be viewed as a precise target, but rather as an indication of a lack of significant margin for safety.

Given that CLSK has struggled with profitability, focusing exclusively on earnings-based valuation methods such as Price-to-Earnings (P/E) may not provide an accurate representation of the company's true value. Instead, a Price-to-Sales (P/S) approach, which is more appropriate for unprofitable firms, reveals that CLSK is trading at a multiple significantly above its historical median of around 7.1x. This discrepancy suggests that while the stock might appear fairly valued relative to the GF Value™, it could be overvalued when viewed through the lens of historical sales performance.

How Does CLSK's Valuation Compare to Its History?MetricCurrentHistoricalP/E (TTM)33.1x15.0xThe current forward P/E of 33.1x is considerably higher than the 5-year median P/E of 15.0x, indicating that the stock is trading well above its historical valuation levels. This analysis aligns with the GF Value™ assertion that the stock is fairly valued, as the elevated P/E suggests that expectations for future earnings growth are significantly high, which may not be justified given the company's current unprofitable state.

What Does CLSK's GF Score™ Tell Us?The GF Score™ measures a stock's overall performance based on various factors, giving investors insights into its financial strength, profitability, growth potential, valuation, and momentum. Cleanspark Inc holds a GF Score™ of 62/100, reflecting an above-average performance, yet it has distinct strengths and weaknesses across different categories.

MetricRatingGF Score™62Financial Strength3/10Profitability3/10Growth3/10Valuation10/10Momentum8/10Overall, Cleanspark Inc's strongest area is the Valuation rank, where it scores 10/10, indicating that it is perceived as fairly valued at the current price. However, it struggles in Financial Strength, Profitability, and Growth, each scoring just 3/10, highlighting serious concerns regarding its financial stability and ability to generate profits and growth. The high Momentum rank of 8/10 reflects recent positive price movement, but the underlying financial metrics suggest that caution is warranted.

What Are Gurus and Insiders Doing with CLSK?Currently, four gurus hold shares of Cleanspark Inc, with four adding to their positions and one trimming their stake in recent quarters. This indicates a generally positive sentiment among institutional investors, contrasting with the insider activity, which shows that insiders have sold $2.1M worth of shares over the past 12 months without any buying activity. This pattern of insider selling may raise red flags for potential investors, suggesting that those closest to the company may lack confidence in its future performance.

The combination of guru buying activity and insider selling presents a mixed signal for potential investors. While the presence of several gurus holding or increasing their positions may indicate a positive outlook from knowledgeable investors, the lack of insider buying alongside significant selling may reflect internal concerns regarding the company’s prospects. This divergence is crucial for investors to consider when evaluating the stock's future potential.

What This Means for InvestorsBased on the analysis above, Cleanspark Inc CLSK is currently fairly valued according to GF Value™, though the stock may exhibit characteristics of being marginally overvalued when assessed through historical Price-to-Sales metrics. The mixed signals from guru ownership and insider activity further complicate the investment landscape. For a deeper dive into the financials and metrics of Cleanspark Inc, visit the Cleanspark Inc (CLSK) stock page, and explore additional insights on its valuation at the GF Value™ page.

Frequently Asked QuestionsWhat is CLSK's GF Score™?

CLSK's GF Score™ is 62/100, which indicates that the stock performs above average in the multifactor assessment by GuruFocus.

Is CLSK overvalued or undervalued?

According to GF Value™, CLSK is currently fairly valued, as it trades very close to the intrinsic value estimate of $12.59.

What is CLSK's P/E ratio?

CLSK has a forward P/E of 33.1x, which is significantly higher than its 5-year median P/E of 15.0x, indicating it is trading at a premium compared to its historical valuation.

This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].

Disclosures I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.

CleanSpark Inc. (NASDAQ:CLSK) last week unveiled its first high‑performance computing data center lease and reported fiscal third‑quarter 2026 earnings, marking a busy stretch for the bitcoin miner.

CleanSpark Secures 20‑Yr HPC Lease in GeorgiaOn Wednesday, CleanSpark signed its first HPC data center lease, a 20-year triple-net agreement at its Sandersville, Georgia campus expected to generate approximately $6.6 billion in contracted revenue with an unnamed investment-grade global technology company. The 175 MW facility is expected to begin providing capacity in late 2027, marking the Bitcoin miner’s largest move yet into AI infrastructure.

CleanSpark said it has ordered and pre-paid all long-lead items needed to meet the project’s ready-for-service date, and the anticipated equity portion of the project has been fully funded.

“Our recently announced Sandersville lease offers an ideal combination of long-term, durable cash flows and de-risked economic returns for our shareholders,” said Matt Schultz, CEO and Chairman of CleanSpark.

CleanSpark Slips to Loss as Revenue DeclinesThe following day, CleanSpark reported fiscal third-quarter results, with quarterly revenue of $138.0 million, down 30.5% year-over-year from $198.6 million. The company posted a net loss of $239.8 million, or 89 cents per basic share, compared to net income of $257.4 million a year earlier.

Adjusted EBITDA fell to negative $113.0 million from $377.7 million in the same period last year. CleanSpark ended the quarter with $202.6 million in cash, $814.9 million in Bitcoin holdings, and total assets of $2.7 billion.

“Despite currently challenging bitcoin mining economics, we have a portfolio of scarce, grid-connected power assets and multiple pathways to commercialization,” said Gary Vecchiarelli, President and CFO of CleanSpark.

Read Next

CleanSpark Shares Edge HigherCLSK Price Action: At the time of publication, CleanSpark shares are trading 2.50% higher at $11.88, according to data from Benzinga Pro.

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CleanSpark, Inc. (CLSK) Q3 2026 Earnings Call Transcript

CleanSpark (CLSK - Free Report) came out with a quarterly loss of $0.4 per share versus the Zacks Consensus Estimate of a loss of $0.3. This compares to earnings of $0.78 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of -33.33%. A quarter ago, it was expected that this company would post a loss of $0.25 per share when it actually produced a loss of $0.52, delivering a surprise of -108%.

Over the last four quarters, the company has not been able to surpass consensus EPS estimates.

CleanSpark, which belongs to the Zacks Financial - Miscellaneous Services industry, posted revenues of $138.01 million for the quarter ended June 2026, missing the Zacks Consensus Estimate by 1%. This compares to year-ago revenues of $198.64 million. The company has not been able to beat consensus revenue estimates over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

CleanSpark shares have added about 33.4% since the beginning of the year versus the S&P 500's gain of 12.8%.

What's Next for CleanSpark?While CleanSpark has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for CleanSpark was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is -$0.27 on $149.92 million in revenues for the coming quarter and -$3.48 on $601.55 million in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Financial - Miscellaneous Services is currently in the bottom 37% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

One other stock from the same industry, IREN Limited (IREN - Free Report) , is yet to report results for the quarter ended June 2026.

This company is expected to post quarterly loss of $0.80 per share in its upcoming report, which represents a year-over-year change of -1100%. The consensus EPS estimate for the quarter has been revised 65.1% lower over the last 30 days to the current level.

IREN Limited's revenues are expected to be $138.89 million, down 25.8% from the year-ago quarter.

Signed 20-year $6.6 billion triple-net lease at Sandersville with high investment-grade tenant

Ordered and pre-paid all long-lead items to meet Sandersville RFS date

Anticipated equity portion of Sandersville project has been fully funded

, /PRNewswire/ -- CleanSpark, Inc. (Nasdaq: CLSK) ("CleanSpark" or the "Company"), a market leading data center developer, today reported financial results for the quarter ended June 30, 2026.

CleanSpark CEO and Chairman Matt Schultz commented, "We continue to successfully execute on our strategic evolution to a diversified digital infrastructure platform. Our recently announced Sandersville lease offers an ideal combination of long-term, durable cash flows and de-risked economic returns for our shareholders. We remain focused on the commercialization of our existing assets and the acquisition of scalable infrastructure to further bolster our portfolio."

"Capital stewardship remains central to how we allocate resources and evaluate growth," said Gary Vecchiarelli, President and CFO. "By fully funding our anticipated equity commitment for Sandersville and securing the long-lead equipment required to meet the project ready-for-service schedule, we have materially de-risked execution while preserving balance sheet flexibility. Despite currently challenging bitcoin mining economics, we have a portfolio of scarce, grid-connected power assets and multiple pathways to commercialization. We are positioned to convert infrastructure optionality into durable cash flows and long-term shareholder value."

Financial Highlights: Third Quarter Fiscal Year 2026

Quarterly revenues were $138.0 million, a year-over-year decrease of $60.6 million, or 30.5% from $198.6 million. Net loss for the three months ended June 30, 2026, was ($239.8 million) or ($0.89) per basic share, compared to a net income of $257.4 million or $0.90 per basic share, for the same prior year period. Adjusted EBITDA, a non-GAAP measure reconciled below, decreased to ($113.0 million) from $377.7 million from the same period a year ago. Balance Sheet Highlights as of June 30, 2026

Assets

Cash: $202.6 million Bitcoin: $814.9 million1   Total Current Assets: $920.8 million Total Assets: $2.7 billion Liabilities and Stockholders' Equity

Current Liabilities: $155.8 million Total Long-Term Debt, Net of Debt Discount and Issuance Costs: $1.8 billion Total Liabilities: $1.9 billion Total Stockholders' Equity: $0.8 billion The Company had working capital of $761 million as of June 30, 2026.

1As of June 30, 2026, the Company's total HODL value was $814.9 million, consisting of current bitcoin, non-current bitcoin, and bitcoin held by counterparties related to collateral arrangements.

Investor Conference Call and Webcast
The Company will hold its fiscal Q3 2026 earnings presentation and business update for investors and analysts today, August 6, 2026, at 4:30 p.m. ET / 1:30 p.m. PT.

Webcast URL: Click Here

The webcast will be accessible for at least 30 days on the Company's website and a transcript of the call will be available on the Company's website following the call.

Upcoming Investor Events
CleanSpark is scheduled to participate in the KeyBanc Capital Markets Technology Leadership Forum on August 10, 2026, Canaccord Genuity's 46th Annual Growth Conference on Tuesday, August 11, 2026, and the Needham Virtual AI Infrastructure 1x1 Conference on Wednesday, August 12, 2026. If applicable, live presentation webcasts, replay information and updated investor presentations will be available on the Company's investor relations page of its website.

About CleanSpark
CleanSpark (Nasdaq: CLSK), is a market-leading data center developer with a proven track record of success. We control a portfolio of more than 1.8 GW of power, land, and data centers across the United States powered by globally competitive energy prices. Sitting at the intersection of Bitcoin, energy, operational excellence, and capital stewardship, we optimize our infrastructure to deliver superior returns to our shareholders. Monetizing low-cost, high reliability energy by producing a global emerging critical resource – compute – positions us to prosper in an ever-changing world.

Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. In this press release, forward-looking statements include, but may not be limited to, statements regarding the Company's evolving business strategy to expand into the market for data center development, high-performance computing ("HPC"), and artificial intelligence ("AI"), and other statements regarding the Company's expectations, beliefs, plans, intentions, and strategies. In some cases, you can identify forward-looking statements by terms such as "may," "will," "should," "expects," "plans," "anticipates," "could," "intends," "targets," "projects," "contemplates," "believes," "estimates," "forecasts," "predicts," "potential" or "continue" or the negative of these terms or other similar expressions.

The forward-looking statements are subject to a variety of known and unknown risks, uncertainties, and other important factors that may cause our actual results, performance, or achievements to be materially different from any future results, performance, or achievements expressed or implied by the forward-looking statements, including, but not limited to: the success of development and commercialization of some or all of our existing portfolio of bitcoin mining sites, as well as our other power and land assets, as data centers having operations other than bitcoin mining; identification and acquisition of new sites and power capacity capable of supporting data centers; risks related to data center construction and operations, including permitting and utility constraints, construction delays, cost overruns, financing and supply-chain challenges, tenant performance, and the possibility projects may not be completed, delivered or operated on the anticipated timeline, budget or terms; the success of the Company's bitcoin mining activities; the volatile and unpredictable cycles in the emerging and evolving industries in which the Company operates, including the volatility of BTC prices; increasing difficulty rates for bitcoin mining; bitcoin halving;  changes to compute and data center infrastructure; new or additional governmental regulation; dependency on utility rate structures and government incentive programs; dependency on third-party power providers for expansion efforts; the expectations of future revenue growth may not be realized, including in respect of the data center development, leasing, and compute markets; and other risks described in the Company's prior press releases and in its filings with the Securities and Exchange Commission (SEC), including under the heading "Risk Factors" in those filings.

Forward-looking statements contained herein are made only as to the date of this press release, and we assume no obligation to update or revise any forward-looking statements as a result of any new information, changed circumstances or future events or otherwise, except as required by applicable law.

Non-GAAP Measure
We present Adjusted EBITDA, which is not a measurement of financial performance under GAAP. Our non-GAAP "Adjusted EBITDA" excludes (i) impacts of interest, taxes, and depreciation; (ii) our share-based compensation expense, unrealized gains/losses on securities, and changes in the fair value of contingent consideration with respect to previously completed acquisitions, all of which are non-cash items that we believe are not reflective of our general business performance, and for which the accounting requires management judgment, and the resulting expenses could vary significantly in comparison to other companies; (iii) non-cash impairment losses related to long-lived assets; (iv) realized gains and losses on sales of equity securities, the amounts of which are directly related to the unrealized gains and losses that are also excluded; (v) legal fees related to litigation and various transactions, which fees management does not believe are reflective of our ongoing operating activities; (vi) gains and losses on disposal of assets, the majority of which are related to obsolete or unrepairable machines that are no longer deployed; (vii) gains and losses related to discontinued operations that would not be applicable to our future business activities; and (viii) severance expenses.

Management believes that providing this non-GAAP financial measure that excludes these items allows for meaningful comparisons between the Company's core business operating results and those of other companies, and provides the Company with an important tool for financial and operational decision making and for evaluating its own core business operating results over different periods of time. In addition to management's internal use of non-GAAP Adjusted EBITDA, management believes that Adjusted EBITDA is also useful to investors and analysts in comparing our performance across reporting periods on a consistent basis. Management believes the foregoing to be the case even though some of the excluded items involve cash outlays and some of them recur on a regular basis (although management does not believe any of such items are normal operating expenses necessary to generate our bitcoin-related revenues). For example, we expect that share-based compensation expense, which is excluded from Adjusted EBITDA, will continue to be a significant recurring expense over the coming years and is an important part of the compensation provided to certain employees, officers and directors.

The Company's Adjusted EBITDA measure may not be directly comparable to similar measures provided by other companies in our industry, as other companies in our industry may calculate non-GAAP financial results differently. The Company's Adjusted EBITDA is not a measurement of financial performance under GAAP and should not be considered as an alternative to operating (loss) income or any other measure of performance derived in accordance with GAAP. Although management utilizes internally and presents Adjusted EBITDA, we only utilize that measure supplementally and do not consider it to be a substitute for, or superior to, the information provided by GAAP financial results.

Accordingly, Adjusted EBITDA is not meant to be considered in isolation of, and should be read in conjunction with, the information contained in our Condensed Consolidated Financial Statements, which have been prepared in accordance with GAAP.

CLEANSPARK, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(in thousands, except par value and share amounts)

June 30,
2026

September 30,
2025

(Unaudited)

ASSETS

Current assets

Cash and cash equivalents

$

202,601

$

42,966

Restricted cash

3,738

3,490

Prepaid expense and other current assets

20,901

11,875

Bitcoin - current

592,058

966,829

Receivable from bitcoin collateral

100,607

294,648

Derivative investments

922

233

Total current assets

$

920,827

$

1,320,041

Bitcoin - noncurrent

$

122,235

$

222,614

Property and equipment, net

1,335,102

1,363,681

Operating lease right of use assets

4,494

4,254

Intangible assets, net

3,675

5,849

Deposits on miners and mining equipment

86,264

112,037

Other long-term assets

97,944

23,497

Goodwill

131,658

131,658

Total assets

$

2,702,199

$

3,183,631

LIABILITIES AND STOCKHOLDERS' EQUITY

Current liabilities

Accounts payable

$

11,230

$

15,159

Accrued liabilities

131,342

117,544

Other current liabilities

10,827

6,096

Current portion of debt

2,353

176,570

Dividends payable

—

396

Total current liabilities

$

155,752

$

315,765

Long-term liabilities

Long-term debt, net of current portion, debt discount and debt issuance costs

1,780,011

644,586

Deferred income taxes

597

44,872

Other long-term liabilities

4,556

3,281

Total liabilities

$

1,940,916

$

1,008,504

Stockholders' equity

Preferred stock; $0.001 par value; 10,000,000 shares authorized:

Series A shares; 2,000,000 authorized; 1,750,000 issued and outstanding
(liquidation preference $0.02 per share)

2

2

Common stock; $0.001 par value; 600,000,000 shares authorized; 299,161,671 and
296,087,533 shares issued; 256,796,280 and 284,327,598 shares outstanding,
respectively

299

296

Additional paid-in capital

2,521,933

2,445,723

Accumulated deficit

(1,152,790)

(125,894)

Treasury stock at cost; 42,365,391 and 11,759,935 shares held, respectively

(608,161)

(145,000)

Total stockholders' equity

761,283

2,175,127

Total liabilities and stockholders' equity

$

2,702,199

$

3,183,631

CLEANSPARK, INC.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE (LOSS) INCOME

(Unaudited, in thousands, except per share and share amounts)

For the three months ended June 30,

For the nine months ended June 30,

2026

2025

2026

2025

Revenues, net

Bitcoin mining revenue, net

$

138,006

$

198,644

$

455,594

$

542,662

Costs and expenses

Cost of revenues (exclusive of depreciation and
amortization)

85,480

90,128

262,792

245,842

Professional fees

7,108

3,004

22,166

9,872

Payroll expenses

27,807

16,398

76,514

52,522

General and administrative expenses

18,298

16,566

49,845

38,356

Loss (gain) on disposal of assets

2,925

156

6,692

(2,865)

Loss (gain) on fair value of bitcoin, net

116,250

(268,651)

587,189

(359,190)

Depreciation and amortization

111,037

94,880

333,229

240,010

Indirect tax contingency expenses

1,500

—

6,393

—

Impairment expense

—

—

5,406

—

Total costs and expenses

$

370,405

$

(47,519)

$

1,350,226

$

224,547

(Loss) income from operations

(232,399)

246,163

(894,632)

318,115

Other (expense) income

(Loss) gain on bitcoin collateral

(16,506)

31,354

(158,964)

73,847

Gain (loss) on derivative securities, net

5,673

(430)

12,628

(1,549)

Interest income

2,143

355

7,400

3,845

Interest expense

(2,040)

(3,454)

(7,790)

(6,280)

Other income

318

1,509

187

1,692

Total other (expense) income

$

(10,412)

$

29,334

$

(146,539)

$

71,555

(Loss) income before income tax (benefit) expense

(242,811)

275,497

(1,041,171)

389,670

Income tax (benefit) expense

(2,969)

18,107

(44,275)

24,281

Net (loss) income

$

(239,842)

$

257,390

$

(996,896)

$

365,389

Preferred stock dividends, including deemed
dividend

—

5,603

30,000

10,744

Net (loss) income attributable to common
shareholders

$

(239,842)

$

251,787

$

(1,026,896)

$

354,645

Other comprehensive (loss) income, net of tax

—

(223)

—

2,755

Total comprehensive (loss) income attributable to
common shareholders

$

(239,842)

$

251,564

$

(1,026,896)

$

357,400

(Loss) income from operations per common share -
basic

$

(0.89)

$

0.90

$

(3.77)

$

1.26

Weighted average common shares outstanding -
basic

268,426,611

280,997,649

272,626,480

282,147,349

(Loss) income from operations per common share -
diluted

$

(0.89)

$

0.78

$

(3.77)

$

1.13

Weighted average common shares outstanding -
diluted

268,426,611

325,594,451

272,626,480

314,152,325

CLEANSPARK, INC.

CONSOLIDATION OF ADJUSTED EBITDA

(Unaudited, in thousands, except per share and share amounts)

($ in thousands)

For the three months ended June 30,

For the nine months ended June 30,

Reconciliation of non-GAAP Adjusted EBITDA

2026

2025

2026

2025

Net (loss) income

$

(239,842)

$

257,390

$

(996,896)

$

365,389

Depreciation and amortization

111,037

94,880

333,229

240,010

Share-based compensation expense

14,548

4,488

38,734

10,609

Gain (loss) on derivative securities, net

(5,673)

430

(12,628)

1,549

Interest income

(2,143)

(355)

(7,400)

(3,845)

Interest expense

2,040

3,454

7,790

6,280

Other income

(318)

(1,509)

(187)

(1,692)

Loss (gain) on disposal of assets

2,925

156

6,692

(2,865)

Fees related to financing & business development transactions

4,973

22

10,243

653

Litigation & settlement related expenses

807

638

3,267

1,179

Severance and other

150

—

50

12

Income tax (benefit) expense

(2,969)

18,107

(44,275)

24,281

Indirect tax contingency expenses

1,500

—

6,393

—

Impairment expense

—

—

5,406

—

Non-GAAP Adjusted EBITDA*

$

(112,965)

$

377,701

$

(649,582)

$

641,560

*We have not excluded our Loss (gain) on fair value of bitcoin, net or our (Loss) gain on bitcoin collateral which we record in our Condensed Consolidated Statements of Operations and Comprehensive (Loss) Income as provided in ASC 350-60 and discussed in the Form 10-K. Loss (gain) on fair value of bitcoin, net totaled a loss of $116,250 and a gain of $268,651 in the three months ended June 30, 2026 and 2025, respectively, and a loss of $587,189 and a gain of $359,190 in the nine months ended June 30, 2026 and 2025, respectively. (Loss) gain on bitcoin collateral totaled a loss of $16,506 and a gain of $31,354 in the three months ended June 30, 2026 and 2025, respectively, and a loss of $158,964 and a gain of $73,847 in the nine months ended June 30, 2026 and 2025, respectively.

Investor Relations Contact
Kyle Sourk
702-989-7693
[email protected] 

Media Contact
Eleni Stylianou
702-989-7694
[email protected]

SOURCE CleanSpark, Inc.

CleanSpark Inc. (NASDAQ:CLSK) shares are trading flat Wednesday morning. The company earlier announced a 20-year triple-net lease agreement at its Sandersville, Georgia campus with a global technology firm.

CleanSpark (CLSK - Free Report) closed the most recent trading day at $13.76, moving -5.36% from the previous trading session. The stock's performance was behind the S&P 500's daily gain of 0.7%. Meanwhile, the Dow gained 0.53%, and the Nasdaq, a tech-heavy index, added 1%.

The stock of company has risen by 15.21% in the past month, leading the Finance sector's gain of 2.97% and the S&P 500's loss of 0.49%.

Market participants will be closely following the financial results of CleanSpark in its upcoming release. The company plans to announce its earnings on August 6, 2026. In that report, analysts expect CleanSpark to post earnings of -$0.26 per share. This would mark a year-over-year decline of 133.33%. Meanwhile, our latest consensus estimate is calling for revenue of $145.49 million, down 26.76% from the prior-year quarter.

CLSK's full-year Zacks Consensus Estimates are calling for earnings of -$3.42 per share and revenue of $609.71 million. These results would represent year-over-year changes of -581.69% and -20.44%, respectively.

Investors should also note any recent changes to analyst estimates for CleanSpark. Such recent modifications usually signify the changing landscape of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.

Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. At present, CleanSpark boasts a Zacks Rank of #3 (Hold).

The Financial - Miscellaneous Services industry is part of the Finance sector. This group has a Zacks Industry Rank of 179, putting it in the bottom 28% of all 250+ industries.

The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.

CleanSpark (CLSK) is downgraded from 'Strong Buy' to 'Buy' due to near-term lack of catalysts and anticipated capital needs. The recent $6.6B, 20-year triple-net lease for 175 MW at Sandersville validates strong AI data center demand and recurring revenue potential. Significant upside remains if additional 885 MW Texas capacity is leased, but energizing facilities and grid constraints may delay catalysts.

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?

Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about CleanSpark (CLSK - Free Report) .

CleanSpark currently has an average brokerage recommendation (ABR) of 1.27, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by 15 brokerage firms. An ABR of 1.27 approximates between Strong Buy and Buy.

Of the 15 recommendations that derive the current ABR, 12 are Strong Buy and two are Buy. Strong Buy and Buy respectively account for 80% and 13.3% of all recommendations.

Brokerage Recommendation Trends for CLSK

Check price target & stock forecast for CleanSpark here>>>

The ABR suggests buying CleanSpark, but making an investment decision solely on the basis of this information might not be a good idea. According to several studies, brokerage recommendations have little to no success guiding investors to choose stocks with the most potential for price appreciation.

Do you wonder why? As a result of the vested interest of brokerage firms in a stock they cover, their analysts tend to rate it with a strong positive bias. According to our research, brokerage firms assign five "Strong Buy" recommendations for every "Strong Sell" recommendation.

This means that the interests of these institutions are not always aligned with those of retail investors, giving little insight into the direction of a stock's future price movement. It would therefore be best to use this information to validate your own analysis or a tool that has proven to be highly effective at predicting stock price movements.

Zacks Rank, our proprietary stock rating tool with an impressive externally audited track record, categorizes stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), and is an effective indicator of a stock's price performance in the near future. Therefore, using the ABR to validate the Zacks Rank could be an efficient way of making a profitable investment decision.

Zacks Rank Should Not Be Confused With ABRIn spite of the fact that Zacks Rank and ABR both appear on a scale from 1 to 5, they are two completely different measures.

The ABR is calculated solely based on brokerage recommendations and is typically displayed with decimals (example: 1.28). In contrast, the Zacks Rank is a quantitative model allowing investors to harness the power of earnings estimate revisions. It is displayed in whole numbers -- 1 to 5.

Analysts employed by brokerage firms have been and continue to be overly optimistic with their recommendations. Since the ratings issued by these analysts are more favorable than their research would support because of the vested interest of their employers, they mislead investors far more often than they guide.

In contrast, the Zacks Rank is driven by earnings estimate revisions. And near-term stock price movements are strongly correlated with trends in earnings estimate revisions, according to empirical research.

In addition, the different Zacks Rank grades are applied proportionately to all stocks for which brokerage analysts provide current-year earnings estimates. In other words, this tool always maintains a balance among its five ranks.

There is also a key difference between the ABR and Zacks Rank when it comes to freshness. When you look at the ABR, it may not be up-to-date. Nonetheless, since brokerage analysts constantly revise their earnings estimates to reflect changing business trends, and their actions get reflected in the Zacks Rank quickly enough, it is always timely in predicting future stock prices.

Is CLSK a Good Investment?In terms of earnings estimate revisions for CleanSpark, the Zacks Consensus Estimate for the current year has remained unchanged over the past month at -$3.44.

Analysts' steady views regarding the company's earnings prospects, as indicated by an unchanged consensus estimate, could be a legitimate reason for the stock to perform in line with the broader market in the near term.

The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for CleanSpark. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>

It may therefore be prudent to be a little cautious with the Buy-equivalent ABR for CleanSpark.

CleanSpark (CLSK - Free Report) closed at $14.53 in the latest trading session, marking a -6.92% move from the prior day. The stock fell short of the S&P 500, which registered a gain of 0.05% for the day. Meanwhile, the Dow experienced a rise of 0.46%, and the technology-dominated Nasdaq saw a decrease of 0.64%.

Coming into today, shares of the company had lost 1.64% in the past month. In that same time, the Finance sector gained 1.74%, while the S&P 500 gained 0.61%.

The investment community will be paying close attention to the earnings performance of CleanSpark in its upcoming release. On that day, CleanSpark is projected to report earnings of -$0.29 per share, which would represent a year-over-year decline of 137.18%. Alongside, our most recent consensus estimate is anticipating revenue of $158.26 million, indicating a 20.33% downward movement from the same quarter last year.

For the full year, the Zacks Consensus Estimates project earnings of -$3.19 per share and a revenue of $643.48 million, demonstrating changes of -549.3% and -16.03%, respectively, from the preceding year.

Investors should also note any recent changes to analyst estimates for CleanSpark. Recent revisions tend to reflect the latest near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.

Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.

The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. CleanSpark currently has a Zacks Rank of #5 (Strong Sell).

The Financial - Miscellaneous Services industry is part of the Finance sector. This group has a Zacks Industry Rank of 182, putting it in the bottom 27% of all 250+ industries.

The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.

Although the U.S. stock market as a whole came down with a case of the Mondays on the first trading day of the week, the crypto mining sector bounced well higher. Highly encouraging news from two industry mainstays helped lift sentiment toward peer companies.

One of the beneficiaries was CleanSpark (CLSK +10.67%), whose stock closed nearly 11% higher that day.

The sparks that lit the fire The most important development in the crypto mining sphere lately hasn't been related to its traditional activity. Several years ago, in order to take advantage of the hot build-out of artificial intelligence (AI)-capable infrastructure, miners began to pivot into the operation of AI data centers. CleanSpark was something of a holdout until recently.

Image source: Getty Images.

On Monday, embracing the pivot seemed like a very wise strategy. CleanSpark rival Iren announced it had signed $2.8 billion worth of AI cloud services contracts with several clients. Better, these customers include such well-capitalized tech sector heavyweights as Nvidia and Microsoft.

As if that wasn't sufficiently market-moving, Hut 8 announced Monday it signed a second lease with an existing tenant at its Beacon Point data center in Texas. This new agreement will be in force for 15 years, and is worth a rich $9.8 billion. Hut 8 did not identify the tenant.

Today's Change

(

10.67

%) $

1.39

Current Price

$

14.42

Hot, and only getting hotter Two splashy deals landing on the same day are clear and unambiguous proof that demand for AI-ready data centers remains sky-high.

More and more, miners like CleanSpark look very wise for pivoting into this segment, which clearly has a long and lucrative future. While Monday's bounce in the affected stocks' share prices was considerable, I think the sector as a whole has even more upside.

Eric Volkman has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Microsoft and Nvidia. The Motley Fool has a disclosure policy.

CleanSpark (CLSK - Free Report) closed at $13.03 in the latest trading session, marking a +1.01% move from the prior day. The stock's change was more than the S&P 500's daily loss of 1.01%. At the same time, the Dow lost 0.77%, and the tech-heavy Nasdaq lost 1.4%.

The company's stock has dropped by 25.17% in the past month, falling short of the Finance sector's gain of 2.6% and the S&P 500's gain of 0.32%.

The upcoming earnings release of CleanSpark will be of great interest to investors. It is anticipated that the company will report an EPS of -$0.29, marking a 137.18% fall compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $158.26 million, reflecting a 20.33% fall from the equivalent quarter last year.

In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of -$3.19 per share and a revenue of $643.48 million, indicating changes of -549.3% and -16.03%, respectively, from the former year.

Investors might also notice recent changes to analyst estimates for CleanSpark. These revisions help to show the ever-changing nature of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.

Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.

The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. CleanSpark is currently sporting a Zacks Rank of #2 (Buy).

The Financial - Miscellaneous Services industry is part of the Finance sector. With its current Zacks Industry Rank of 167, this industry ranks in the bottom 33% of all industries, numbering over 250.

The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.

CleanSpark (CLSK - Free Report) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.

Shares of this company have returned -15.8% over the past month versus the Zacks S&P 500 composite's +0.5% change. The Zacks Financial - Miscellaneous Services industry, to which CleanSpark belongs, has lost 2.8% over this period. Now the key question is: Where could the stock be headed in the near term?

While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.

Revisions to Earnings EstimatesRather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings.

Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up as well. And when a stock's fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements.

For the current quarter, CleanSpark is expected to post a loss of $0.29 per share, indicating a change of -137.2% from the year-ago quarter. The Zacks Consensus Estimate remained unchanged over the last 30 days.

For the current fiscal year, the consensus earnings estimate of -$3.19 points to a change of -549.3% from the prior year. Over the last 30 days, this estimate has remained unchanged.

For the next fiscal year, the consensus earnings estimate of $0.59 indicates a change of +81.6% from what CleanSpark is expected to report a year ago. Over the past month, the estimate has changed -2.2%.

Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, CleanSpark is rated Zacks Rank #2 (Buy).

The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:

12 Month EPS

Projected Revenue GrowthWhile earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. After all, it's nearly impossible for a company to increase its earnings for an extended period without increasing its revenues. So, it's important to know a company's potential revenue growth.

In the case of CleanSpark, the consensus sales estimate of $158.26 million for the current quarter points to a year-over-year change of -20.3%. The $643.48 million and $767.7 million estimates for the current and next fiscal years indicate changes of -16% and +19.3%, respectively.

Last Reported Results and Surprise HistoryCleanSpark reported revenues of $136.41 million in the last reported quarter, representing a year-over-year change of -24.9%. EPS of -$0.52 for the same period compares with -$0.02 a year ago.

Compared to the Zacks Consensus Estimate of $136.59 million, the reported revenues represent a surprise of -0.13%. The EPS surprise was -108%.

Over the last four quarters, CleanSpark surpassed consensus EPS estimates times. The company topped consensus revenue estimates just once over this period.

ValuationWithout considering a stock's valuation, no investment decision can be efficient. In predicting a stock's future price performance, it's crucial to determine whether its current price correctly reflects the intrinsic value of the underlying business and the company's growth prospects.

While comparing the current values of a company's valuation multiples, such as price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), with its own historical values helps determine whether its stock is fairly valued, overvalued, or undervalued, comparing the company relative to its peers on these parameters gives a good sense of the reasonability of the stock's price.

The Zacks Value Style Score (part of the Zacks Style Scores system), which pays close attention to both traditional and unconventional valuation metrics to grade stocks from A to F (an A is better than a B; a B is better than a C; and so on), is pretty helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.

CleanSpark is graded F on this front, indicating that it is trading at a premium to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.

Bottom LineThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about CleanSpark. However, its Zacks Rank #2 does suggest that it may outperform the broader market in the near term.