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.
CleanSpark (CLSK - Free Report) closed the most recent trading day at $15.61, moving +1.83% from the previous trading session. The stock outperformed the S&P 500, which registered a daily loss of 1.21%. On the other hand, the Dow registered a loss of 0.97%, and the technology-centric Nasdaq decreased by 2.15%.
The company's shares have seen a decrease of 5.58% over the last month, not keeping up with the Finance sector's gain of 2.12% and the S&P 500's gain of 0.42%.
Market participants will be closely following the financial results of CleanSpark in its upcoming release. The company is forecasted to report an EPS of -$0.29, showcasing a 137.18% downward movement from the corresponding quarter of the prior 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.
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 take note of any recent adjustments to analyst estimates for CleanSpark. These revisions typically reflect the latest short-term business trends, which can change frequently. 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. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. At present, CleanSpark boasts a Zacks Rank of #5 (Strong Sell).
The Financial - Miscellaneous Services industry is part of the Finance sector. Currently, this industry holds a Zacks Industry Rank of 186, positioning it in the bottom 25% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in 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.
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.
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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 stock is charging ahead with explosive momentum. Why is CLSK stock up today? Bitcoin Clears a Key Technical Level as ETF Flows Turn PositiveSpot Bitcoin ETFs pulled in $75.7 million in net inflows last week, building on $197.4 million the prior week and marking the first back-to-back positive weeks after eight straight weeks of withdrawals.
A Wave of Data Center Deals is Rewarding the AI Infrastructure TradeHut 8 Expands Long‑Term AI Data Center Commitments In TexasHut 8’s aggregate base-term contract value across its entire portfolio has now reached $26.6 billion, backed by 949 megawatts of contracted AI data center capacity.
CleanSpark’s Sandersville Lease Draws Fresh Investor AttentionCLSK Shares Are Trending HigherCLSK Price Action: CleanSpark shares were up 13.43% at $14.78 at the time of publication on Monday, according to Benzinga Pro.
Image: PJ McDonnell/Shutterstock.com
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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.
Matt Schultz, CEO of CleanSpark (CLSK), talks about the company's newest triple net lease for data centers expected to bring in $6.6 billion of revenue. He explains how the deal offers a stable revenue stream for years to come and what it means for the greater data center industry.
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.
This is a fair market value price provided by Massive. Learn more.
52-Week Range$8.00▼
$23.61Price Target$22.34
The digital gold rush is rapidly giving way to the artificial intelligence land grab. For years, Bitcoin miners amassed vast power portfolios to run high-energy operations. Today, that specific electrical capacity sits at the precise bottleneck that is starving the world's largest technology firms. Power is the new premium real estate, and organizations controlling the grid connection hold the ultimate leverage.
CleanSpark NASDAQ: CLSK just weaponized this leverage, securing a $6.6 billion, 20-year AI data center lease that decouples its valuation from cryptocurrency volatility. By locking in $330 million in expected annual net operating income, CleanSpark forces Wall Street to aggressively reprice its stock. Once a cyclical miner, the company is rapidly transforming into a premier digital infrastructure landlord.
Get Cleanspark alerts:
Cashing in on the High-Performance Compute BoomWhen evaluating infrastructure companies, predictability is everything. CleanSpark recently executed a 20-year triple-net lease at the Sandersville, Georgia, campus. The agreement designates 175 megawatts of critical IT load for high-performance computing and AI workloads.
For investors unfamiliar with commercial real estate terminology, a triple-net lease requires the tenant to pay property expenses, including real estate taxes, building insurance, and maintenance. The triple net lease structure shields CleanSpark from operational cost creep. Management projects a near 100% net operating income contribution margin from this arrangement, generating an average of $330 million in annual cash flow once deliveries begin in late 2027.
The identity of the tenant remains officially undisclosed, but CleanSpark notes that the partner is a high-investment-grade global technology entity.
Recent market whispers suggest Meta Platforms NASDAQ: META was in advanced discussions for capacity in Sandersville, adding serious weight to the underlying credit quality of the lease.
This specific catalyst caused a severe divergence in the sector. While CleanSpark shares rose almost 9% on July 14, direct competitors lacking similar infrastructure pivots, such as Marathon Digital Holdings NASDAQ: MARA and Riot Platforms NASDAQ: RIOT, saw muted trading. The market is clearly beginning to value gigawatt power capacity as prime AI real estate.
The Texas Land Grab: An 885 MW Exclusivity AgreementThe Sandersville facility represents just the pilot program of a much broader strategic overhaul. Embedded within the $6.6 billion agreement is a letter of intent granting the tenant exclusivity over the entire CleanSpark Texas portfolio. This pipeline includes 718 acres of land with up to 885 megawatts of secured and planned power capacity spread across the Sealy and Brazoria campuses.
The financial implications of a full deployment are substantial. If 175 megawatts in Georgia translates to $330 million in annual net operating income, successfully contracting the 885 megawatt Texas pipeline under a similar pricing framework could introduce well over $1 billion in highly predictable recurring revenue.
By locking up its Texas land under an exclusivity agreement, CleanSpark establishes a clear, multi-year runway to operate at an institutional scale.
Funding the Build: Bridging the Capital Expenditure GapTransforming raw land and energy into production-grade AI infrastructure requires tremendous upfront capital. This is where investors should look past the flashy revenue numbers and assess the balance sheet. Management estimates landlord project costs will range from $10 million to $12 million per megawatt of critical IT load. For the 175-megawatt Sandersville buildout, CleanSpark faces capital expenditures of roughly $1.75 billion to $2.1 billion before recognizing revenue in 2027. With trailing net margins at -67%, the immediate question is how CleanSpark will fund this transition without destroying shareholder value through equity dilution.
The answer lies in the CleanSpark treasury. CleanSpark holds a reserve of 13,941 Bitcoin (BTC), valued at approximately $878 million at current market prices. Rather than liquidating these holdings or issuing millions of new shares, CleanSpark can leverage this treasury as collateral.
Financial institutions are increasingly willing to offer debt financing against digital assets. Securing project-level debt allows CleanSpark to bridge the development gap, severely diminishing the bearish thesis that heavy dilution is the only path forward.
Breaking the Cycle: The Shift Forcing Shorts OutWhenever a business undergoes a structural transformation, technical friction often follows. CleanSpark currently carries a high short interest, with roughly 33% of the free float sold short. Institutional bears built these positions around the traditional crypto mining narrative, which includes unpredictable revenue, margin compression during Bitcoin drawdowns, and the constant threat of dilution to fund operations.
The Sandersville lease directly attacks the foundation of that short thesis. When a business secures $6.6 billion in contracted revenue from an investment-grade tenant, the valuation model shifts. Analysts no longer apply cyclical crypto multiples; they instead apply premium digital real estate valuation frameworks.
While some analysts look for chart breakouts to trigger a short squeeze, others understand that a sudden change in the underlying business model can also fuel violent upside moves. With a heavily skewed bullish options chain and over 78 million shares sold short, the risk of forced covering is elevated. Short sellers are stepping in front of a business that just secured decades of guaranteed cash flow.
Closing Costs: Assessing the Digital Real Estate HorizonThe transition from mining to hosting is not without risk. The regulatory filings detailing the triple-net lease outline strict, milestone-based delivery covenants. CleanSpark must execute its construction and power integration flawlessly over the next 18 months, as failure to meet these deadlines could result in significant rent abatements or the termination of the lease. The multi-quarter latency period before revenue recognition in 2027 means the income statement will not reflect this $6.6 billion victory for quite some time.
Despite execution risks, securing a multi-decade commitment from a tier-one technology titan validates the broader land-and-power strategy. Investors looking to capitalize on the AI compute bottleneck might consider adding CleanSpark to their watchlist to monitor how management secures project financing and executes early construction milestones in Georgia.
Should You Invest $1,000 in Cleanspark Right Now?Before you consider Cleanspark, you'll want to hear this.
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Tesla, Nvidia, and Google helped shape the last era of market growth, but the next wave could come from a new group of companies. Inside this report, you’ll find 7 stocks that could play a major role in the next tech-driven market boom.
CleanSpark shares are powering higher. Why are CLSK shares rallying? CleanSpark Signs 20-Year Data Center DealCleanSpark shares surged on Tuesday after the company announced it entered into a 20-year infrastructure lease agreement with a high-investment grade global technology company at its Sandersville, Georgia, data center campus.
The agreement, which also includes two five-year extension options, is expected to generate approximately $6.6 billion of contracted revenue over the initial term. CleanSpark said the deal could total up to $11.6 billion after the full extension options.
“This lease is a transformational moment for CleanSpark as we complete our evolution into a diversified digital infrastructure platform and begin monetizing our power portfolio at institutional scale,” said Matt Schultz, chairman and CEO of CleanSpark.
“A 20-year commitment from a high-investment-grade global technology company with a market-leading commercial profile and exclusivity across our nearly 900 MW of additional capacity in Texas is a tremendous validation of our land-and-power strategy.”
Analysts Revise Estimates HigherFollowing the 20-year lease announcement, BTIG reiterated a Buy rating on CleanSpark and maintained a price target of $26. Needham analyst John Todaro also chimed in on Wednesday, maintaining a Buy and raising the price target from $18 to $23.
The Needham analyst pointed out that the undisclosed tenant also executed a letter of intent and exclusivity arrangement covering CleanSpark’s entire Texas portfolio of 718 acres with up to 885 MW of secured and planned power capacity. Todaro said such creates near-term lease catalysts over the next 30 to 120 days.
“We introduce FY28 estimates, with revenues of $1,127M and Adj. EBITDA of $693M, reflecting a full ramp of the 175 MW of critical IT load at Sandersville and contribution from Sealy and Brazoria. We raise our PT to $23, 18.5x our discounted 2028 EBITDA estimate,” the analyst wrote in the note.
CLSK Shares Continue To RiseCLSK Price Action: CleanSpark shares were up 1.19% at $13.61 at the time of publication on Wednesday. The stock hit session highs of $14.86 shortly after the open before pulling back, according to Benzinga Pro.
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CleanSpark maintains a Strong Buy rating, driven by its strategic pivot toward data centers and AI-powered operations. CLSK's diversification beyond Bitcoin mining aims to reduce crypto dependency and position the company for scalable revenue growth. A recently announced multi-year, multi-billion-dollar HPC deal is seen as a potential game-changer supporting long-term growth.
CleanSpark (CLSK) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.
Shares of CleanSpark (CLSK +8.82%) jumped on Tuesday after the data center developer struck a multibillion-dollar deal with a major tech company.
Image source: Getty Images.
A blockbuster deal CleanSpark signed a 20-year lease for its data center campus in Sandersville, Georgia. The triple-net lease is projected to produce $6.6 billion of contracted revenue, and up to $11.6 billion if two five-year extension options are exercised.
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CleanSpark did not disclose the name of the tenant, but it did say it was a "high-investment grade, leading global technology company."
"This lease is a transformational moment for CleanSpark as we complete our evolution into a diversified digital infrastructure platform and begin monetizing our power portfolio at institutional scale," CleanSpark CEO Matt Schultz said.
The tenant also signed a letter of intent and an exclusivity arrangement for CleanSpark's planned 885 megawatts of power capacity in Texas, indicating that this lucrative relationship could expand in the future.
Shifting from Bitcoin to AI These agreements validate CleanSpark's strategic shift from Bitcoin mining to high-performance computing infrastructure. Artificial intelligence (AI) data centers can be significantly more profitable and predictable than Bitcoin mining operations, with contracted revenue streams that are not tied to fluctuating digital asset prices.
Investors are clearly in favor of the new strategy, and they're bidding up CleanSpark's shares in kind.
Joe Tenebruso has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Bitcoin. The Motley Fool has a disclosure policy.
CleanSpark, Inc. (CLSK) Discusses 20-Year Lease Agreement for High-Performance Compute Data Center Development July 14, 2026 11:00 AM EDT
Company Participants
Harry Sudock - Chief Business Officer
S. Schultz - CEO & Chairman
Gary Vecchiarelli - President & CFO
Conference Call Participants
Gregory Lewis - BTIG, LLC, Research Division
Paul Golding - Macquarie Research
Mike Grondahl - Northland Capital Markets, Research Division
Michael Colonnese - H.C. Wainwright & Co, LLC, Research Division
John Todaro - Needham & Company, LLC, Research Division
Henry Hearle - B. Riley Securities, Inc., Research Division
James McIlree - Chardan Capital Markets, LLC, Research Division
Bill Papanastasiou - Chardan Capital Markets, LLC, Research Division
Matthew Galinko - Maxim Group LLC, Research Division
Presentation
Operator
Ladies and gentlemen, thank you for standing by. My name is Christa, and I will be your conference operator today. At this time, I would like to welcome everyone to the CleanSpark Investor Update Call. [Operator Instructions].
I would now like to turn the conference over to Harry Sudock, Chief Business Officer. Please go ahead.
Harry Sudock
Chief Business Officer
Thanks, Christa. Good morning, and thank you for joining us as we announce the next step in the evolution of our business model as a market-leading data center developer. I'm joined on the call today by our Chief Executive Officer and Chairman, Matt Schultz; Chief Financial Officer and President, Gary Vecchiarelli; and other members of the management team. Before we begin, I want to remind everyone that some of the statements we make today will be forward looking based on our best view of the world and our business as we see them today. The statements and information provided will remain subject to the risk factors disclosed in our 10-K.
With that, I'll turn it over to Matt.
S. Schultz
CEO & Chairman
Thank you, Harry. This morning, we announced the signing of
CleanSpark CLSK stock is ripping higher on July 14th after the company announced a massive 20-year triple-net (NNN) infrastructure lease agreement with a high-profile global tech giant.
This transformative, “multi-billion-dollar pivot” into high-performance computing (HPC) and AI data center infrastructure is significantly improving sentiment surrounding CLSK today.
Including today’s gains, CleanSpark shares are up some 20% versus the start of this year (2026).
This announced lease agreement is expected to generate "$6.6 billion" in contracted revenue over the initial 20-year term – and if two five-year extension options are exercised, that value will climb to $11.6 billion.
Because it is structured as a triple-net lease, CleanSpark expects a cumulative net operating income (NOI) margin of nearly 100%, translating to an average annual NOI contribution of roughly $330 million.
CLSK stock is soaring particularly because the deal goes far beyond Georgia. In tandem with the lease, the tech tenant signed a letter of intent granting them “exclusivity” over CleanSpark’s entire Texas portfolio.
This covers 718 acres and up to 885 MW of secured and planned power capacity (including the Sealy and Brazoria campuses), signaling a much larger, multi-gigawatt partnership down the road.
Analysts have been quick to cheer the premium pricing of the deal.
On Tuesday, BTIG reiterated a Buy rating and $26 price target, noting the lease pricing (implying ~$1.9 million per megawatt per year) represents a solid premium over other recent HPC deals in the sector.
For months, Street has been eagerly anticipating how Bitcoin miners would monetize their highly coveted, grid-connected power capacity for the AI boom.
Landing a tier-one hyperscale tenant formally re-rates CleanSpark stock from a volatile, pure-play crypto miner to a highly valued artificial intelligence and cloud infrastructure provider.
This is why Clear Street analysts also reiterated their Buy rating on CLSK on Tuesday morning.
While Wall Street’s immediate reaction to the pivot is overwhelmingly bullish – transitioning from a lean Bitcoin miner to an institutional-scale AI landlord carries massive capital demands.
CleanSpark estimates landlord development costs will range between $10 million and $12 million per megawatt.
This puts the capital expenditure for the Georgia buildout at an estimated $1.8 billion to $2.1 billion before the first deliveries begin in late 2027.
Navigating this funding requirement without aggressive equity dilution is the next major test for management.
However, with an investment-grade tenant and a massive 13,900-plus BTC treasury, CLSK stock holds a unique financial runway to build out its multi-gigawatt future.
Shares of CleanSpark (NASDAQ:CLSK | CLSK Price Prediction) are up 12% to $13.85 in Tuesday morning trading after the Bitcoin (CRYPTO:BTC) miner disclosed a long-duration data center lease that dwarfs its current market capitalization. The move is idiosyncratic, as CleanSpark’s peer miners are barely moving on the day.
[chart symbol=”CLSK”]
CleanSpark stock is now trading above its $12.22 prior close, though shares were down 25% over the past month heading into today’s news. The company is still primarily a Bitcoin miner, with 1.8 GW under contract and a 50 EH/s hashrate as of May, but management is aggressively pivoting toward data center infrastructure.
Sandersville Lease Fuels the Rally CleanSpark signed a 20-year infrastructure lease with a confidential “high-investment-grade global technology company” at its Sandersville, Georgia campus. The deal covers 175 MW of critical IT load and is expected to generate roughly $6.6 billion in contracted revenue, with two five-year extension options that could lift the total to about $11.6 billion.
It’s structured as a triple-net lease expected to add approximately $330 million in average annual net operating income. CEO Matt Schultz called it “a transformational moment… our evolution into a diversified digital infrastructure platform.” The same tenant also signed a letter of intent covering CleanSpark’s entire 718-acre Texas portfolio, up to 885 MW.
Two caveats matter. Deliveries do not begin until the fourth quarter of 2027, so the revenue impact is a 2027-and-beyond story. The workloads have not been officially labeled as AI or high-performance computing (HPC) by CleanSpark, and the Texas piece remains a letter of intent rather than a signed lease.
Peers Sit Out the Rally The contrast with CleanSpark’s peers underscores that this is a CleanSpark-specific catalyst. Shares of Riot Platforms (NASDAQ:RIOT), MARA Holdings (NASDAQ:MARA), Hut 8 (NASDAQ:HUT), and HIVE Digital Technologies (NASDAQ:HIVE) are either flat or up slightly today.
Bitcoin itself is only modestly higher. The iShares Bitcoin Trust (NASDAQ:IBIT) ETF is up 3% to $36.40, tracking spot Bitcoin rather than these miners. Single-asset crypto exposure carries its own volatility profile. For context, Riot’s most comparable deal, its Advanced Micro Devices (NASDAQ:AMD) lease at Rockdale, carries $636 million in total contract value over 10 years, an order of magnitude smaller than the CleanSpark headline.
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Weighing the Bull and Bear Cases The bull case for CleanSpark stock is a long-duration, high-margin contracted revenue stream anchored by an investment-grade tenant, with a credible power-to-data-center pivot supported by 585 MW of Electric Reliability Council of Texas (ERCOT)-approved capacity. The bear case is the 2027 revenue start, CleanSpark’s heavy financing needs, potential equity dilution, and execution risk on a lease valued at roughly 2.1x the company’s current market capitalization.
Short interest sits high at 33%, and sentiment on CleanSpark had turned bearish heading into today. Given the stock’s beta of 3.84, position sizing matters here. The analyst target price on CleanSpark stock sits at $21.12, well above current levels.
What to Watch Now CleanSpark’s ability to finance Sandersville construction without heavy dilution is the next hurdle. Investors can watch for updates on the Texas letter of intent converting to a signed lease, and for whether today’s gains hold into the close given the stock’s short interest and volatility profile.
The financing path is a major concern for CleanSpark. A large equity raise could pressure shares even as the contracted revenue stream builds, while debt financing against the lease could preserve upside but add balance-sheet risk. Either way, the market will be watching how management structures the capital stack for Sandersville.
Peer positioning is the other angle to track. If Riot, MARA, or Hut 8 announce comparable hyperscaler leases in the coming quarters, today’s CleanSpark premium could compress. For now, though, CleanSpark stands alone with a signed deal of this scale, and that scarcity value is what the market is repricing today.
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CleanSpark Inc (NASDAQ:CLSK) shares surged more than 12% after the company announced a 20-year lease agreement for its Sandersville, Georgia data center campus with a high-investment-grade global technology company, marking a major expansion of its data center business.
The agreement is expected to generate approximately $6.6 billion in contracted revenue over the initial 20-year term, with potential revenue increasing to $11.6 billion if two five-year extension options are exercised.
Under the triple-net lease agreement, the undisclosed technology company will deploy production-grade infrastructure at CleanSpark’s Sandersville campus for computing workloads. Deliveries are expected to begin in the fourth quarter of 2027, with the initial deployment covering 175 megawatts of critical IT load.
The Sandersville campus was selected due to its access to power infrastructure, available capacity for high-density computing and ability to support phased data center development, according to the company.
CleanSpark said the lease includes annual escalators and is expected to deliver a cumulative net operating income contribution margin of nearly 100%, with average annual NOI contribution estimated at approximately $330 million. The company expects landlord project costs to range between $10 million and $12 million per megawatt of critical IT load.
The company also announced that the tenant has entered into a letter of intent and exclusivity arrangement covering CleanSpark’s entire Texas portfolio, which includes 718 acres and up to 885 megawatts of secured and planned power capacity.
The Texas portfolio covered by the exclusivity arrangement includes CleanSpark’s Sealy and Brazoria campuses. The Sealy site consists of 271 acres with nearly 300 megawatts of planned capacity, while the Brazoria campus includes 447 acres with transmission-level infrastructure supporting an initial 300 megawatts of demand load and potential expansion to 600 megawatts.
CleanSpark CEO and chairman Matt Schultz wrote that the agreement represented a significant milestone as the company expands beyond its historical operations and begins monetizing its power assets through long-term infrastructure agreements.
“This lease is a transformational moment for CleanSpark as we complete our evolution into a diversified digital infrastructure platform and begin monetizing our power portfolio at institutional scale,” Schultz wrote.
Will Crypto Miners Pivot to AI? Latest on 3 Key PlayersCleanspark NASDAQ: CLSK said it has signed a 20-year triple-net lease with an unnamed high investment-grade global technology company to convert its Sandersville, Georgia, facility into a high-performance computing data center, marking a major step in the company’s shift beyond Bitcoin mining and into AI infrastructure.
Chief Executive Officer and Chairman Matt Schultz said on the company’s investor update call that the agreement covers the entirety of the Sandersville site, which has nearly 250 megawatts of gross capacity and 175 megawatts of critical IT load. The base lease has a total contract value of approximately $6.6 billion.
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CleanSpark Secures $1.15B, Stock Drops—Here's Why It's an Opportunity“This morning we announced the signing of a 20-year triple net lease agreement directly with a high investment grade global technology company that will transform our 250-megawatt facility in Sandersville, Georgia, into our first high-performance compute data center,” Schultz said.
Sandersville lease expected to generate $330 million in annual NOI Schultz said CleanSpark expects approximately $330 million of average annual net operating income from the lease, citing the triple-net structure. Chief Financial Officer and President Gary Vecchiarelli said direct costs are expected to be minimal and that net operating income margins “should be close to 100%.”
The Side of Rate Cuts Nobody Is Telling You AboutThe agreement also includes two five-year extension options. If exercised, the total lease term would extend to 30 years and the total contract value would rise to approximately $11.6 billion, according to management.
The company expects the initial data hall to be ready for service in the fourth quarter of 2027, with the remaining data halls ramping into early 2028. In response to an analyst question, Schultz said the remaining data halls are contemplated for completion in the first quarter of 2028.
CleanSpark said it has structured the transaction so that it can continue mining Bitcoin at the Sandersville site until power is transferred to the new data center facility.
Tenant’s preferred contractors to support build-out Schultz said CleanSpark aligned the project scope with the tenant’s preferred mechanical, electrical and plumbing manufacturer and general contractor. He said the company believes that using vendors familiar to the tenant will help reduce execution, supply chain and construction risk.
During the question-and-answer portion of the call, Schultz said the tenant “made a suggestion” regarding the general contractor based on prior familiarity. He said CleanSpark held extensive discussions with the builder and visited its facilities.
“What we hear are horror stories about projects running over time and over budget and trying to design and deploy a bespoke data center,” Schultz said. He added that the contractor’s familiarity with the tenant and ability to manufacture some MEP components in the United States helps address long-lead and supply-chain risks.
CleanSpark estimates cash capital expenditures for the Sandersville build-out at $10 million to $12 million per critical IT megawatt.
Texas sites enter exclusivity with same counterparty In connection with the Sandersville lease, CleanSpark said it has entered an exclusivity window with the same counterparty for its Texas assets in Sealy and Brazoria. Schultz emphasized that the process is not complete.
“I want to be clear that we are in an exclusivity window, not at a finish line,” Schultz said.
Management did not disclose pricing, lease terms or the length of the exclusivity period. Schultz said exclusivity periods in the industry can range from 30 to 120 days, but he declined to provide the specific duration for CleanSpark’s agreement.
Vecchiarelli described Sealy and Brazoria as part of an infrastructure hub in Greater Houston and said the Texas assets offer scale, access to ERCOT’s power market and the potential to grow with a tenant over multiple phases and decades. He said CleanSpark acquired nearly 900 megawatts this fiscal year through the Sealy and Brazoria transactions.
Financing expected to rely heavily on project debt Vecchiarelli said CleanSpark expects to finance “the overwhelming majority” of the Sandersville build-out with project-based financing. He cited recent data center financing transactions that have included high-yield and investment-grade construction financing, as well as cash or equity to complete the capital stack.
As of June 30, CleanSpark had approximately $200 million in cash, nearly 14,000 Bitcoin valued at about $900 million, and an undrawn $400 million Bitcoin-backed revolver, according to Vecchiarelli.
He said financing terms in the market have improved over recent quarters, with higher loan-to-cost ratios and lower interest rates, and added that those trends are closely tied to tenant credit quality. He also said recent project debt financing transactions in the sector have been as much as six times oversubscribed.
Vecchiarelli said CleanSpark intends to minimize equity issuance, calling the company’s stock its “highest cost of capital currently.” He noted that CleanSpark has not raised capital through stock issuance in more than 20 months and has repurchased more than $600 million of its own shares.
Company frames shift as evolution of infrastructure strategy Management described the Sandersville lease as part of CleanSpark’s evolution from energy management and microgrid capabilities to Bitcoin mining and now large-scale AI data center development.
Vecchiarelli said the company currently has 1.8 gigawatts of contracted power and has “a high degree of confidence” that this will increase to 2.1 gigawatts through the ERCOT review process, with further growth expected through ongoing acquisition and development efforts.
Schultz said Sandersville became attractive for HPC development because its power is already energized and live, the company expanded its land position by 122 acres earlier this year, and CleanSpark has established relationships with the local community and utility.
“Sandersville is the natural anchor for our conversations because all 250 megawatts are currently energized and live,” Schultz said.
The company said it would provide updates as the Sandersville project advances and as discussions regarding the Texas assets progress.
About Cleanspark NASDAQ: CLSKCleanSpark, Inc NASDAQ: CLSK is a leading energy software and services company specializing in advanced microgrid controls and distributed energy resource (DER) management. The firm develops proprietary software platforms designed to optimize power flows across on-grid and off-grid installations, integrating renewable generation, battery storage, and traditional generation assets. CleanSpark's technology is used by utilities, commercial and industrial enterprises, and remote facilities seeking to enhance energy resilience, reduce operating costs, and achieve sustainability goals.
In addition to its core software offerings, CleanSpark provides end-to-end engineering, procurement and construction (EPC) services.
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Twenty-year triple-net (NNN) lease totaling $6.6 billion in contracted revenue, with up to $11.6 billion after full extension options
175 MW of critical IT load with deliveries expected to begin in Q4 2027 to a high-investment-grade tenant
Tenant has executed a letter of intent and exclusivity arrangement covering CleanSpark's entire Texas portfolio of 885 MW
, /PRNewswire/ -- CleanSpark, Inc. (Nasdaq: CLSK) ("CleanSpark" or the "Company"), a market leading data center developer, today announced it has entered into a 20-year infrastructure lease agreement, with two five-year extension options, directly with a high-investment grade, leading global technology company at its Sandersville, Georgia, campus. The lease is expected to generate approximately $6.6 billion of contracted revenue over the initial term.
Under the agreement, the global technology company will deploy production-grade infrastructure at Sandersville, dedicated to a range of computing workloads. In connection with the transaction, the tenant has also executed a letter of intent and exclusivity arrangement covering CleanSpark's entire Texas portfolio of 718 acres with up to 885 MW of secured and planned power capacity, positioning Sandersville as the first chapter of a substantially larger relationship.
"This lease is a transformational moment for CleanSpark as we complete our evolution into a diversified digital infrastructure platform and begin monetizing our power portfolio at institutional scale," said Matt Schultz, CleanSpark CEO and chairman. "A 20-year commitment from a high-investment-grade global technology company with a market-leading commercial profile and exclusivity across our nearly 900 MW of additional capacity in Texas is a tremendous validation of our land-and-power strategy. We have long believed in the second-mover advantage in this sector: grow our portfolio as the market matures, then execute with excellent terms and velocity. Today's announcement validates our thesis."
A Foundation Built at Sandersville
The Sandersville campus was selected for its access to reliable, low-cost power, available capacity for high-density compute, and its ability to support rapid, phased deployment of advanced data center infrastructure. Since the 2022 launch of its Sandersville operations, CleanSpark has established a sustained presence in the local community, investing in energy infrastructure, site development, and long-term operations that support economic activity throughout the region.
"CleanSpark has been a pillar of the Sandersville community for many years, providing job market stability, tax revenue, and broad support for what makes our part of the world special," said Mayor Jimmy Andrews. "We are excited to see CleanSpark embark on this new chapter and stand shoulder to shoulder with them to support this incredible infrastructure project."
While the tenant remains confidential, they are a global technology company among the high-investment-grade cohort, facilitating CleanSpark's financing options and the multi-decade term of the lease.
Transaction Details
Triple net (NNN) lease with annual escalators $6.6 billion of expected contract value across the initial 20-year term $11.6 billion of expected contract value if two five-year extension options are exercised Expected cumulative NOI contribution margin of nearly 100%, or an average annual NOI contribution of approximately $330 million Estimated landlord project costs of $10-$12 million per MW of critical IT load Texas Portfolio Under Exclusivity
Pursuant to the executed letter of intent, CleanSpark's entire Texas portfolio is now under exclusivity with the tenant. The Texas portfolio totals 718 acres with up to 885 MW of secured and planned power capacity, including 271 acres with nearly 300 MW at our Sealy campus and 447 acres at the Brazoria campus, where transmission-level infrastructure supports an initial 300 MW demand load with the potential to expand to 600 MW.
Advisors
Morgan Stanley & Co. LLC acted as financial advisor to the Company. Davis Polk & Wardwell LLP acted as legal counsel to the Company.
Conference Call
The Company will host a conference call on Tuesday, July 14 at 11 a.m. ET / 8 a.m. PT to discuss the announcement. Investors can join the live webcast at clsk.news/irupdatejul26.
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, including, but not limited to, statements regarding the estimated costs, contract value and NOI contribution (including as to the timing thereof) of the transaction announced in this press release 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 the Company's 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 Company's ability to timely achieve the lease agreement milestones for, among other things, obtaining financing for and completing the construction of the Sandersville data center project; the potential consequences of the Company not timely achieving the lease agreement milestones, which could include rent abatements and/or termination of the lease agreement; the Company's ability to meet all other covenants and conditions contained in the lease agreement; the Company's need for, and ability to raise, substantial additional capital to fund the development of the Sandersville project; risks related to the significant additional indebtedness that the Company may incur for purposes of such funding; the Company's dependence on a third party for development of the Sandersville project and the performance of such third party and its personnel and suppliers; the ability to obtain the necessary equipment for the project on a timely basis and the competitive environment therefor; regulatory approvals and electrical power availability to complete the Sandersville data center project; the ongoing supply of electrical power to the project after the completion of construction and interruptions thereof; uncertainty as to whether the lease extension options will be exercised; natural disasters and other unforeseen events; changes to AI and HPC infrastructure needs; the risk that expectations of future revenue and NOI growth may not be realized; 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 the Company assumes 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.
CleanSpark (CLSK - Free Report) ended the recent trading session at $12.36, demonstrating a -3.81% change from the preceding day's closing price. The stock trailed the S&P 500, which registered a daily loss of 0.79%. Meanwhile, the Dow experienced a drop of 0.26%, and the technology-dominated Nasdaq saw a decrease of 1.55%.
Heading into today, shares of the company had lost 22.03% over the past month, lagging the Finance sector's gain of 5.64% and the S&P 500's gain of 4.28%.
The upcoming earnings release of CleanSpark will be of great interest to investors. The company is predicted to post an EPS of -$0.29, indicating a 137.18% decline compared to the equivalent quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $158.26 million, down 20.33% from the prior-year quarter.
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 pay attention to any latest changes in analyst estimates for CleanSpark. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. 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, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Right now, CleanSpark possesses 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 161, putting it in the bottom 35% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during 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?
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 1.40, 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 1.40 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.
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.
Should You Invest in CLSK?In terms of earnings estimate revisions for CleanSpark, the Zacks Consensus Estimate for the current year has remained unchanged over the past month at -$3.19.
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.
Increases bitcoin holdings to 13,924 LAS VEGAS, July 7, 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 June 30, 2026. "Our bitcoin mining operations continue to perform well in the face of market volatility as we continue to advance our commercialization efforts for Sandersville," said CEO and Chairman Matt Schultz.
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 -22.7%, 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 2.9%. 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.
Earnings Estimate RevisionsHere 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 $0.29 per share, indicating a change of -137.2% from the year-ago quarter. The Zacks Consensus Estimate remained unchanged over the last 30 days.
The consensus earnings estimate of -$3.2 for the current fiscal year indicates a year-over-year change of -550.7%. This estimate has remained unchanged over the last 30 days.
For the next fiscal year, the consensus earnings estimate of $0.6 indicates a change of +81.1% from what CleanSpark is expected to report a year ago. Over the past month, the estimate has changed +1.1%.
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
Revenue Growth ForecastWhile 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.
For CleanSpark, the consensus sales estimate for the current quarter of $158.26 million indicates a year-over-year change of -20.3%. For the current and next fiscal years, $642.95 million and $767.7 million estimates indicate -16.1% and +19.4% changes, 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.
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.
ConclusionThe 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.
CleanSpark (CLSK - Free Report) closed at $16.33 in the latest trading session, marking a +2.9% move from the prior day. The stock exceeded the S&P 500, which registered a loss of 0.05% for the day. Elsewhere, the Dow saw a downswing of 0.09%, while the tech-heavy Nasdaq depreciated by 0.24%.
Shares of the company have depreciated by 12.51% over the course of the past month, underperforming the Finance sector's gain of 2.3%, and the S&P 500's loss of 1.42%.
The upcoming earnings release of CleanSpark will be of great interest to investors. The company's upcoming EPS is projected at -$0.29, signifying a 137.18% drop compared to the same quarter of the previous year. 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.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of -$3.2 per share and revenue of $642.95 million, indicating changes of -550.7% and -16.1%, respectively, compared to the previous year.
Investors might also notice recent changes to analyst estimates for CleanSpark. Such recent modifications usually signify the changing landscape of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding 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 #4 (Sell).
The Financial - Miscellaneous Services industry is part of the Finance sector. This industry, currently bearing a Zacks Industry Rank of 103, finds itself in the top 43% echelons 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
In the latest close session, CleanSpark (CLSK - Free Report) was down 5.56% at $16.24. This change lagged the S&P 500's daily loss of 0.1%. Meanwhile, the Dow gained 0.35%, and the Nasdaq, a tech-heavy index, lost 0.43%.
Shares of the company witnessed a gain of 0.35% over the previous month, trailing the performance of the Finance sector with its gain of 2.81%, and outperforming the S&P 500's loss of 1.34%.
Investors will be eagerly watching for the performance of CleanSpark in its upcoming earnings disclosure. The company is predicted to post an EPS of -$0.29, indicating a 137.18% decline compared to the equivalent quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $158.26 million, indicating a 20.33% decline compared to the corresponding quarter of the prior year.
For the full year, the Zacks Consensus Estimates project earnings of -$3.2 per share and a revenue of $642.95 million, demonstrating changes of -550.7% and -16.1%, respectively, from the preceding year.
Any recent changes to analyst estimates for CleanSpark should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. 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, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. Currently, CleanSpark is carrying 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 154, which puts it in the bottom 37% 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.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
CleanSpark (CLSK - Free Report) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.
Over the past month, shares of this company have returned +9%, compared to the Zacks S&P 500 composite's +0.3% change. During this period, the Zacks Financial - Miscellaneous Services industry, which CleanSpark falls in, has gained 0.6%. 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.
Earnings Estimate RevisionsHere 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.
We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up for a company, the fair value for its stock goes up. A higher fair value than the current market price drives investors' interest in buying the stock, leading to its price moving higher. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-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 -$3.2 points to a change of -550.7% from the prior year. Over the last 30 days, this estimate has remained unchanged.
For the next fiscal year, the consensus earnings estimate of $0.6 indicates a change of +81.1% from what CleanSpark is expected to report a year ago. Over the past month, the estimate has changed +1.1%.
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
Revenue Growth ForecastWhile 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 $642.95 million and $767.7 million estimates for the current and next fiscal years indicate changes of -16.1% and +19.4%, 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.
Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is.
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.
In the latest trading session, CleanSpark (CLSK - Free Report) closed at $17.24, marking a +2.71% move from the previous day. The stock's change was more than the S&P 500's daily gain of 1.09%. Meanwhile, the Dow experienced a rise of 0.14%, and the technology-dominated Nasdaq saw an increase of 1.91%.
The company's shares have seen an increase of 8.96% over the last month, surpassing the Finance sector's gain of 4.44% and the S&P 500's gain of 0.29%.
The upcoming earnings release of CleanSpark will be of great interest to investors. The company is expected to report EPS of -$0.29, down 137.18% from the prior-year quarter. Meanwhile, the latest consensus estimate predicts the revenue to be $158.26 million, indicating a 20.33% decrease compared to the same quarter of the previous year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of -$3.2 per share and a revenue of $642.95 million, signifying shifts of -550.7% and -16.1%, respectively, from the last year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for CleanSpark. Such recent modifications usually signify the changing landscape of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. Right now, CleanSpark possesses 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 109, putting it in the top 45% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
CleanSpark (CLSK - Free Report) closed the most recent trading day at $16.48, moving +1.92% from the previous trading session. The stock's change was more than the S&P 500's daily gain of 0.5%. Meanwhile, the Dow experienced a rise of 0.7%, and the technology-dominated Nasdaq saw an increase of 0.31%.
The stock of company has risen by 15.66% in the past month, leading the Finance sector's gain of 1.89% and the S&P 500's loss of 0.23%.
Investors will be eagerly watching for the performance of CleanSpark in its upcoming earnings disclosure. 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. Meanwhile, our latest consensus estimate is calling for revenue of $158.26 million, down 20.33% from the prior-year quarter.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of -$3.2 per share and revenue of $642.95 million, indicating changes of -550.7% and -16.1%, respectively, compared to the previous year.
It is also important to note the recent changes to analyst estimates for CleanSpark. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
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, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 13.29% downward. CleanSpark presently features a Zacks Rank of #4 (Sell).
The Financial - Miscellaneous Services industry is part of the Finance sector. Currently, this industry holds a Zacks Industry Rank of 143, positioning it in the bottom 42% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
CleanSpark stock is showing exceptional strength. What’s fueling CLSK momentum? CleanSpark Accelerates Digital Infrastructure Shift Across Four Key AreasCleanSpark's latest quarterly print included an EPS loss of $1.52 versus a 50 cents profit expectation, with revenue of $136.4 million missing the $145.4 million consensus estimate. The company also cited a net loss of about $378 million that included $263 million in non-cash mark-to-market charges, while gross margin came in above 40% (down from 47% in the prior quarter).
“This quarter, we accelerated our digital infrastructure evolution across four key areas: land and power development, with ERCOT approval of 300 MW in Brazoria; leasing, with further progress in Georgia and beyond; financing, as market conditions remain constructive; and construction, as we continue developing the new parcel in Sandersville,” added Matt Schultz, CEO and Chairman of CleanSpark.
Gary Vecchiarelli, President and CFO, stated, “We ended the quarter in a strong liquidity position that not only supports our near-term execution pipeline but also preserves meaningful optionality as the AI/HPC and digital infrastructure landscape continues to evolve.”
Critical Levels To Watch For CLSK StockFrom a trend standpoint, CLSK is still acting like an uptrend on intermediate timeframes: it's trading 15.7% above its 20-day SMA ($13.13) and 35.5% above its 50-day SMA ($11.21), which tells you buyers have controlled the last several weeks. The catch is the longer-term backdrop still carries baggage from the death cross in February (50-day SMA below the 200-day SMA), so rallies can face quicker profit-taking until the longer averages fully heal.
Momentum is the main watch here: MACD is below its signal line with a negative histogram, which points to upside pressure cooling versus the prior upswing unless buyers can re-accelerate. In plain English, when MACD sits under its signal line, it often means the trend is still up, but it's losing steam and needs fresh demand to keep pushing.
Key Resistance: $23.61 — the 52-week high zone from October 2025, a natural area where sellers previously took control Key Support: $13.13 — aligns with the 20-day SMA, a key "trend support" level in the current upswing CLSK Stock Price Activity On WednesdayCLSK Stock Price Activity: CleanSpark shares were trading at $14.96 at the time of publication on Wednesday, according to Benzinga Pro data.
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The fund's latest 13F, filed May 18 for the quarter ended March 31, shows Situational Awareness held 12.28 million CleanSpark shares, up from 1.64 million shares at the end of 2025, a 7.48-fold increase.
CLSK stock is up on heavy volume. See the price action here. The position's reported value rose to $104.5 million from $16.6 million, while its portfolio weight increased to 0.76% from 0.30% of the fund's reported book.
Other miner and neocloud-related holdings moved the other way as a percentage of the fund's book.
CleanSpark stock was trading at $15.75, up 7.15% on Wednesday, according to Benzinga Pro data.
The buying comes as CleanSpark leans into a transition from bitcoin mining toward AI and high-performance computing infrastructure.
The company said it had more than 1.8 gigawatts of power, land and data centers, 585 megawatts of ERCOT-approved capacity and 18% year-over-year average monthly hashrate growth in its Q2 update.
"This quarter, we accelerated our digital infrastructure evolution across four key areas: land and power development, with ERCOT approval of 300 MW in Brazoria; leasing, with further progress in Georgia and beyond; financing, as market conditions remain constructive; and construction, as we continue developing the new parcel in Sandersville," Matt Schultz, CEO of CleanSpark, stated in the company's latest earnings release.
CleanSpark has not yet announced its first hyperscaler lease, but Schultz said the company continues to make "meaningful headway toward securing our first hyperscale customer."
CLSK Technical Analysis CleanSpark stock is currently positioned above all key moving averages, indicating strong bullish momentum. The 20-day SMA is notably 21.4% above the price, while the 50-day and 100-day SMAs are 42.6% and 44.5% above, respectively, suggesting a solid upward trend.
The RSI is currently at 69.53, according to Benzinga Pro data, which is approaching overbought territory but remains neutral for now. This level indicates that while momentum is strong, traders should be cautious of a potential pullback if the RSI crosses above 70.
CleanSpark has not experienced a golden cross or death cross recently, but the current moving average relationships indicate a strong bullish trend. The 50-day SMA is below the 200-day SMA, which suggests that while the short-term trend is positive, the long-term outlook may still be cautious.
Over the past 12 months, CleanSpark stock has gained 64.16%, reflecting a strong upward trajectory.
This performance highlights the stock’s resilience and potential for continued growth, making it an attractive option for traders looking for longer-term opportunities.
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CleanSpark shares are trending higher. What’s pushing CLSK stock higher? What’s Driving CleanSpark’s Stock Today?CleanSpark is getting a sentiment tailwind from a single-holder signal: Situational Awareness boosted its stake value to $104.5 million from $16.6 million, while lifting portfolio weight to 0.76% from 0.3%. That kind of size-up often attracts fast-follow flows in high-beta miners when the broader market is soft.
Critical Price Levels To Watch For CLSKFrom a longer-term trend view, CleanSpark is still in a constructive upswing: the stock is trading 17.1% above its 20-day SMA ($13.29) and 26.1% above its 200-day SMA ($12.34), which typically keeps dip-buyers engaged. It's also 37.4% above the 50-day SMA ($11.33) and 39.1% above the 100-day SMA ($11.18), showing price has stretched well above the intermediate trend.
Momentum is best framed through MACD here: MACD is above its signal line and the histogram is positive, which points to improving upside pressure versus the prior downswing. In plain English, when MACD is above the signal line, it often means sellers are losing control and the path of least resistance is starting to tilt higher.
The main "but" for longer-horizon trend followers is the February death cross, with the 50-day SMA still below the 200-day SMA, a reminder that the bigger-cycle trend only recently started repairing. That backdrop makes the May swing high an important reference area for resistance, while the March swing low is the key downside pivot if momentum fades.
Key Resistance: $23.61 — the 52-week high zone from October 2025, and a natural level where prior supply can reappear Key Support: $13.29 — near the 20-day SMA, a common first "trend support" area during pullbacks How CleanSpark Is Transitioning Beyond Bitcoin MiningCleanSpark Inc. is a data center developer that, until recently, focused exclusively on bitcoin mining. It provides scalable, energy-efficient digital infrastructure across the United States, and it reports results through a single segment tied to bitcoin mining.
That business mix is why the hedge-fund buying matters: the company is pitching a transition from pure mining toward AI and high-performance computing infrastructure, which can change how investors think about durability of cash flows. In its second quarter update, the company said it had more than 1.8 gigawatts of power, land and data centers, 585 megawatts of ERCOT-approved capacity and 18% year-over-year average monthly hashrate growth.
CLSK Buy Consensus As Analysts Raise TargetsAnalyst Consensus & Recent Actions: The stock carries a Buy rating with an average price target of $19.40. Recent analyst moves include:
Macquarie: Outperform (Raises Target to $22.00) (May 13) Keefe, Bruyette & Woods: Outperform (Raises Target to $16.00) (May 13) BTIG: Buy (Maintains Target to $26.00) (May 12) CLSK Stock Price Movement ThursdayCLSK Stock Price Activity: CleanSpark shares were trading 1.69% higher at $15.66 on Thursday, according to Benzinga Pro data.
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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 +26.1%, compared to the Zacks S&P 500 composite's +4.6% change. During this period, the Zacks Financial - Miscellaneous Services industry, which CleanSpark falls in, has lost 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.
CleanSpark is expected to post a loss of $0.29 per share for the current quarter, representing a year-over-year change of -137.2%. Over the last 30 days, the Zacks Consensus Estimate has changed -60%.
The consensus earnings estimate of -$3.25 for the current fiscal year indicates a year-over-year change of -557.8%. This estimate has changed -70.5% over the last 30 days.
For the next fiscal year, the consensus earnings estimate of $0.59 indicates a change of +81.7% from what CleanSpark is expected to report a year ago. Over the past month, the estimate has changed +4.7%.
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 $158.26 million indicates a year-over-year change of -20.3%. For the current and next fiscal years, $647.55 million and $769.57 million estimates indicate -15.5% and +18.8% changes, 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.
ConclusionThe 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.
CLSK Stock’s Momentum Score RisesOver the past week, CleanSpark's Benzinga Edge Stock Rankings‘ momentum score surged from a solid 79.51 to a top-tier 93.52.
This leap places the stock in the upper echelon of market performers, as the momentum metric measures a stock’s relative strength based on its price movement patterns and volatility over multiple timeframes, ranked as a percentile against other stocks.
This breakout directly coincides with the stock’s 36.92% price gain over the past month.
Wall Street Backs The AI ShiftThe surging technical momentum is fundamentally supported by Wall Street analysts. Needham recently reiterated its “Buy” rating on CleanSpark and bumped its price target from $17.00 to $18.00, representing an implied upside of 14.21% from the current price.
This heightened analyst confidence is driven by CleanSpark’s advanced discussions regarding a lease with an investment-grade (IG) hyperscaler at its Sandersville facility.
Needham notes a notable advancement in these negotiations, cementing the company’s deliberate and strategic shift toward high-performance computing (HPC) and AI, as Bitcoin (CRYPTO: BTC) hash rate growth slows.
Smart Money And Strong TrendsCLSK Stock Soars In 2026CLSK shares have surged by 55.73% on a year-to-date basis, and it is higher by 61.97% in the six months. Meanwhile, the Nasdaq Composite index was up 13.16% YTD.
Over the last year, CLSK has advanced by 55.89%. It has traded in a 52-week range of $8.00 to $23.61, and it was higher by 0.86% in premarket on Friday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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CleanSpark stock is moving in positive territory. What’s pushing CLSK stock higher? What’s Driving CleanSpark’s Stock Friday?Situational Awareness boosted its CleanSpark stake value to $104.5 million from $16.6 million and lifted its portfolio weight to 0.76% from 0.3%, a "single-holder signal" that can pull in fast-follow buying in high-beta miners.
The position itself also grew to 12.28 million shares from 1.64 million at the end of 2025, a 7.48-fold increase that traders often read as conviction rather than a short-term trade.
CleanSpark's AI/HPC narrative is back in play after a volatile quarter that included an EPS loss of $1.52 versus expectations for a $0.50 profit and revenue of $136.4 million versus a $145.4 million consensus, even as gross margin stayed above 40%. That earnings backdrop is why the market is sensitive to any incremental "AI infrastructure" signal, including hyperscaler lease chatter that has helped keep the group bid.
CleanSpark Technical Analysis: Key Levels To WatchFrom a longer-term trend view, CleanSpark is still in an upswing, trading 20.5% above its 20-day SMA ($13.46) and 31.2% above its 200-day SMA ($12.37), which usually keeps dip-buyers engaged on pullbacks. It's also stretched well above intermediate trend gauges—41.7% above the 50-day SMA ($11.45) and 44.4% above the 100-day SMA ($11.23)—so the next leg higher often depends on momentum staying firm rather than just "mean reversion" support.
Momentum is best framed with MACD here: MACD is above its signal line and the histogram is positive, which points to improving upside pressure versus the prior downswing. In plain English, when MACD is above the signal line, it often means sellers are losing control and the path of least resistance is starting to tilt higher.
The bigger caution for longer-horizon trend followers is the death cross from February, with the 50-day SMA still below the 200-day SMA—evidence the larger-cycle trend is still repairing even after the rally. That's why the May swing high remains an important reference area if price starts pushing into prior supply, while the March swing low is the key "line in the sand" if momentum fades.
Key Resistance: $23.61 — the 52-week high zone from October 2025, and a natural level where prior supply can reappear Key Support: $13.29 — near the 20-day SMA, a common first "trend support" area during pullbacks What Is CleanSpark And Its Business Model?CleanSpark is a data center developer that, until recently, focused exclusively on bitcoin mining. The company provides scalable, energy-efficient digital infrastructure across the United States, and it reports results through a single segment tied to bitcoin mining.
That business mix is why the hedge-fund size-up matters: investors are weighing a transition from pure mining toward AI and high-performance computing infrastructure, which could change how the market thinks about the durability of cash flows.
In a recent update, the company pointed to more than 1.8 gigawatts of power, land and data centers, 585 megawatts of ERCOT-approved capacity, and 18% year-over-year average monthly hashrate growth.
CLSK Shares Edge Higher FridayCLSK Stock Price Activity: CleanSpark shares were up 1.78% at $16.04 at the time of publication on Friday, according to Benzinga Pro data.
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On May 14, 2026, Fort Point Capital Partners disclosed in a U.S. Securities and Exchange Commission (SEC) filing that it sold 400,000 shares of CleanSpark (CLSK +6.95%) in the first quarter, an estimated $4.28 million transaction based on quarterly average pricing.
What happenedAccording to a filing with the U.S. Securities and Exchange Commission dated May 14, 2026, Fort Point Capital Partners reduced its stake in CleanSpark by 400,000 shares during the first quarter. The estimated transaction value is $4.28 million, calculated using the average unadjusted closing price for the quarter. The quarter-end value of the CleanSpark position decreased by $8.08 million, a figure that includes both the impact of share sales and price movement during the period.
What else to knowTop holdings after the filing include:NYSEMKT:SPY: $64.81 million (8.5% of AUM)NYSEMKT:AGG: $47.49 million (6.2% of AUM)NYSEMKT:VOO: $46.91 million (6.2% of AUM)NYSEMKT:IEFA: $38.46 million (5.0% of AUM)NYSEMKT:VTEB: $37.48 million (4.9% of AUM)As of Friday, CleanSpark shares were priced at $15.97, up 62% over the past year and well outperforming the S&P 500, which is instead up about 28% in the same period. However, shares actually fell about 18% last quarter and have since surged nearly 90%.Company overviewMetricValuePrice (as of Friday)$15.97Market Capitalization$4.1 billionRevenue (TTM)$739.88 millionNet Income (TTM)($500.59 million)Company snapshotCleakSpark offers bitcoin mining services and energy technology solutions, including microgrid engineering, energy management software, and distributed energy systems.The firm generates revenue primarily through digital currency mining and the sale of energy solutions and related services for commercial, military, and residential customers.It serves institutional clients, grid operators, energy aggregators, and organizations seeking advanced energy management or cryptocurrency exposure.CleanSpark operates at the intersection of digital currency mining and advanced energy technology, leveraging proprietary platforms to optimize both bitcoin production and distributed energy systems. The company’s dual-segment strategy enables it to capture value from the rapidly evolving cryptocurrency market while providing scalable solutions for energy management and microgrid deployment. With operations anchored in the United States and a focus on innovation, CleanSpark aims to maintain a competitive edge through technology integration and diversified revenue streams.
What this transaction means for investorsWith this sale, it's important to note that Fort Point still held a position after the quarter, and the trim came during a period when CleanSpark shares had pulled back roughly 18%, long before the stock's nearly 90% rebound since March 31.
The bigger story is that CleanSpark is increasingly trying to become more than a bitcoin miner. Earlier this month, CEO Matt Schultz said the company is accelerating its "digital infrastructure evolution" through land, power, financing, and construction initiatives, with a focus on commercializing assets that could support AI and high-performance computing workloads.
Meanwhile, the latest results were mixed. Quarterly revenue fell 25% year over year to $136.4 million, while the company posted a net loss of $378.3 million. However, CleanSpark ended March with $260 million in cash, $925 million in bitcoin holdings, and total current assets of $1.1 billion. Management also highlighted that megawatts under contract doubled year over year and average monthly hashrate increased 18%.
For long-term investors, the key question is whether CleanSpark can successfully monetize its growing power and infrastructure footprint beyond bitcoin mining. If the AI data center opportunity develops as management hopes, today's valuation may ultimately depend less on bitcoin prices and more on the company's ability to turn energy assets into durable compute revenue.
Jonathan Ponciano has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Vanguard S&P 500 ETF. The Motley Fool has a disclosure policy.
Over the past decade, the demand for renewable energy has skyrocketed amid more aggressive decarbonization initiatives and the growth of the power-hungry cloud infrastructure and artificial intelligence (AI) markets. To capitalize on that secular trend, investors should take a closer look at renewable energy stocks with plenty of long-term growth potential.
Two of those stocks are CleanSpark (CLSK +6.95%) and Plug Power (PLUG 2.62%). Both stocks seem volatile today, but they might be worth holding for the next few decades.
Image source: Getty Images.
CleanSpark CleanSpark originally built microgrids to store wind, solar, and other renewable energy sources. Its clients could deploy those compact systems as stand-alone power sources or plug them into existing energy grids, load management systems, and backup generators.
In 2021, it acquired the Bitcoin (BTC +2.72%) miner ATL Data Centers and upgraded its miners with its own microgrids. It subsequently purchased additional Bitcoin mining companies, upgraded their operations in the same way, and mined more Bitcoins on its own. It then began selling those Bitcoins to fund the expansion of its AI infrastructure business, which provides AI-ready data centers powered by its green-energy microgrids rather than fossil fuels.
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That evolution turned CleanSpark into a unique company that addresses the notion that data centers for Bitcoin mining and AI processing are harmful to the environment. It also helps those companies reduce their energy costs and long-term exposure to volatile oil and gas prices.
For 2026, analysts expect its revenue to decline 16% as its adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) turn negative. That decline can be attributed to Bitcoin's retreat from its record highs, adverse weather conditions that further reduced its mining revenue, and its transition into an AI infrastructure provider.
But in 2027, they expect its revenue to rise 17% as its adjusted EBITDA turns positive again. That recovery should be driven by the expansion of its AI infrastructure business, which aims to gain its first hyperscaler customers this year, and Bitcoin's stabilization and potential recovery. With an enterprise value of $5.47 billion, it isn't a bargain at nine times next year's revenue, but its growth could accelerate significantly after it locks in its first hyperscale customers.
Plug Power Plug Power is a leading developer of hydrogen fuel cells, electrolyzers, and storage systems. It generates most of its revenue by selling fuel cells and charging systems to Amazon and Walmart for their hydrogen-powered forklifts. Its electrolyzers are also essential for the production of "green" hydrogen -- which uses a renewable energy source (like wind or solar) to split the water molecules.
Plug Power's total number of deployed fuel cell systems rose from about 50,000 at the end of 2021 to more than 74,000 systems at the end of 2025. It expanded rapidly in 2022 and 2023, and its acquisitions of two smaller cryogenic storage companies amplified that growth.
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In 2024, Plug's growth stalled out after it lapped those acquisitions, and the macro headwinds drove many companies to pause their hydrogen projects. But in 2025, its growth accelerated as interest rates declined and its government clients restarted their green hydrogen projects. It also streamlined its operations and reined in spending through its "Project Quantum Leap" initiative.
From 2025 to 2028, analysts expect Plug's revenue to grow at a 18% CAGR, with its adjusted EBITDA turning positive in the final year. With an enterprise value of $6.1 billion, it still looks reasonably valued at six times next year's sales.
Plug's stock still looks speculative today, but the green hydrogen market could still expand at a 30.2% CAGR from 2026 to 2033 across the industrial, transportation, and power generation sectors, according to Grand View Research. If Plug maintains its first-mover advantage in this nascent market, it could be revalued as a hypergrowth stock within the next few years.
On May 27, 2026, Cleanspark Inc CLSK shares rose 5.2% to a current price of $18.03. This gain is part of a broader positive trend, with the stock experiencing a 52-week range between $8.00 and $23.61.
GF Value™ verdict: Current price is $18.03, which is 42.4% above the GF Value™ of $12.66.GF Score™ of 61/100 indicates an above-average rating, suggesting potential for future performance.Most notable signal: CLSK has seen no insider transactions in the last 3 months. Is CLSK Overvalued or Undervalued? The current price of Cleanspark Inc CLSK at $18.03 is significantly above its GF Value™ of $12.66, indicating that the stock is overvalued by approximately 42.4%. This overvaluation suggests a lack of margin of safety for potential investors, meaning that the current price does not sufficiently account for risks or uncertainties related to the company's future performance. According to the GF Valuation label, CLSK is classified as significantly overvalued, which raises concerns regarding its sustainability in the current market environment.
If CLSK's stock continues to trade at a high premium, it may face downward pressure, particularly if future earnings do not meet market expectations. Such risks can lead to significant price corrections, making it crucial for potential investors to weigh the implications of this overvaluation carefully.
GF Value™ is GuruFocus' proprietary measure of intrinsic value, calculated from historical trading multiples, past business growth, and future performance estimates.
How Does CLSK's Valuation Compare to Its History? Metric Current Historical P/E (TTM) 24.2x 15.0x The current forward P/E of 24.2x is significantly above its 5-year median P/E of 15.0x, indicating that the stock is trading at a premium compared to its historical valuation. This analysis aligns with the GF Value™ verdict, reinforcing the view that CLSK is overvalued based on its historical earnings performance.
What Does CLSK's GF Score™ Tell Us? Metric Rating GF Score™ 61/100 Financial Strength 4/10 Profitability 3/10 Growth 3/10 Valuation 5/10 Momentum 7/10 The GF Score™ of 61/100 suggests that Cleanspark Inc CLSK is positioned above average compared to its peers. However, it is important to note that the financial strength, profitability, and growth ranks are notably weaker at 4/10, 3/10, and 3/10, respectively. The momentum rank of 7/10 indicates that despite these weaknesses, CLSK has been performing well in the short term. This mixed performance profile highlights both opportunities and risks for investors.
What Are Insiders Doing with CLSK Stock? In the last three months, there have been no insider transactions for Cleanspark Inc CLSK . The absence of insider buying or selling can suggest a lack of conviction from management regarding the stock's future performance, which could be interpreted as a cautionary signal for prospective investors. Without insider activity, it is difficult to gauge the sentiment of those closest to the company.
What This Means for Investors Based on the analysis, Cleanspark Inc CLSK is currently considered overvalued, with a significant premium over its GF Value™. This suggests that investors may want to proceed with caution and consider the implications of the current price relative to the company's intrinsic value.
For the complete analysis, visit the Cleanspark Inc CLSK stock page. You can also explore the GF Value™ page for detailed valuation methodology, or use the GuruFocus Stock Screener to find similar opportunities.
Frequently Asked Questions What is CLSK's GF Score™?
CLSK has a GF Score™ of 61/100, indicating an above-average rating that suggests potential for better long-term returns compared to lower-rated stocks.
Is CLSK overvalued or undervalued?
CLSK is considered overvalued, with a current price of $18.03 being 42.4% above the GF Value™ of $12.66.
What is CLSK's P/E ratio?
CLSK's forward P/E ratio is 24.2x, which is significantly above its 5-year median P/E of 15.0x, indicating that the stock 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].
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?
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 1.43, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by 14 brokerage firms. An ABR of 1.43 approximates between Strong Buy and Buy.
Of the 14 recommendations that derive the current ABR, 11 are Strong Buy and two are Buy. Strong Buy and Buy respectively account for 78.6% and 14.3% 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.
Are you wondering why? The vested interest of brokerage firms in a stock they cover often results in a strong positive bias of their analysts in rating it. Our research shows that for every "Strong Sell" recommendation, brokerage firms assign five "Strong Buy" recommendations.
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.
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.
ABR Should Not Be Confused With Zacks RankAlthough both Zacks Rank and ABR are displayed in a range of 1--5, they are different measures altogether.
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.
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.
Should You Invest in CLSK?In terms of earnings estimate revisions for CleanSpark, the Zacks Consensus Estimate for the current year has declined 70.5% over the past month to -$3.25.
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.
As the digital asset landscape matures, investors face a choice between the hardware manufacturers and the infrastructure operators. Choosing between Canaan (CAN +1.56%) and CleanSpark (CLSK +6.95%) requires weighing manufacturing risks against hosting rewards.
Canaan is a pioneer in specialized chip design for mining, while CleanSpark builds and manages the massive data centers that power the network. While both companies are tied to the price of Bitcoin (BTC +2.72%), they occupy different niches in the value chain. This comparison explores which business model offers a more compelling opportunity for investors in 2026.
The case for CanaanCanaan designs and sells hardware for bitcoin mining and supercomputing, primarily through its Avalon brand of miners and specialized home devices. The company serves a global market with operations in North America and across various international regions. It operates in the highly competitive space of semiconductor stocks by developing application-specific integrated circuits. These chips are specifically optimized for the mathematical processing required to secure digital networks.
In FY 2025, revenue reached nearly $529.7 million, representing growth of roughly 96.7% compared to the prior year. This follows a period of expansion where revenue rose from approximately $211.5 million in fiscal 2023 to $269.3 million in fiscal 2024. Despite this top-line growth, the company reported a net loss of approximately $210.3 million in the most recent fiscal year. This resulted in a net margin of negative 39.7% for the period.
As of its December 2025 balance sheet, the debt-to-equity ratio is approximately 0.1x. This ratio helps investors see how much debt a company uses relative to its equity, with a lower number indicating less leverage. The current ratio, which compares a company's assets to its short-term liabilities, stands at roughly 3.3x. Free cash flow, which represents cash from operations minus capital expenditures, was nearly $0.0.
The case for CleanSparkCleanSpark is an infrastructure company that develops and operates data centers specifically for bitcoin mining and AI computing. The company manages a massive operational hashrate of roughly 50 exahash per second across sites in Georgia, Mississippi, Tennessee, Wyoming, and Nevada. It relies heavily on its mining pool operator, Foundry Digital, which accounts for essentially all of its revenue. Customer concentration like this adds a layer of risk to the business since the loss of this partner would be significant.
In FY 2025, the company generated revenue of nearly $766.3 million, an increase of approximately 102.2% over the prior fiscal year. This revenue growth was accompanied by a shift to profitability, as the company reported net income of close to $364.5 million. For comparison, the company reported a net loss of roughly $145.8 million in fiscal year 2024. This recent performance resulted in a net margin of approximately 47.6%.
As of its September 2025 balance sheet, the current ratio is roughly 4.2x. This indicates a high level of liquidity to cover obligations coming due within one year. The debt-to-equity ratio is approximately 0.4x, which suggests the company uses a moderate amount of debt compared to its equity base. Free cash flow for the period was nearly negative $1.0 billion, reflecting significant capital investment in data center expansion and hardware.
Risk profile comparisonCanaan faces significant risks related to the rapid technological changes in hardware design and the cyclic nature of the mining industry. If competitors develop more efficient chips or if mining demand falls, the company could face severe revenue declines. It also deals with geopolitical risks that could disrupt its manufacturing and distribution across international borders.
CleanSpark is sensitive to the price of bitcoin, as low market prices can make its mining operations unprofitable. The company also relies on third-party custodians like Coinbase (COIN +3.25%) to secure its digital assets, creating a risk if that provider suffers a breach. Furthermore, expanding into the AI market requires competing with massive companies such as Amazon (AMZN +0.73%) and Alphabet (GOOGL 0.57%) (GOOG 0.87%) for power and data center space.
Valuation comparisonCanaan has a lower P/S ratio, which measures price to revenue, while CleanSpark offers a low Forward P/E based on future earnings estimates.
MetricCanaanCleanSparkSector BenchmarkForward P/En/a4.1x40.4xP/S ratio0.4x6.3xSector benchmark uses the SPDR XLK sector ETF.
Valuation metrics sourced from Financial Modeling Prep (FMP) and may differ from other data providers.
Investors seeking exposure to cryptocurrency without buying crypto directly might find CleanSpark or Canaan appealing. Both companies participate in the Bitcoin mining industry, but they do very different things. One company mines Bitcoin, and the other builds the equipment that makes it possible.
CleanSpark has become one of the largest publicly traded Bitcoin miners in North America. In this industry, a company’s profits are dependent on energy costs because it takes a lot of electricity to mine Bitcoin. But CleanSpark continues to expand its capacity. So, if Bitcoin prices remain strong, the company could benefit significantly.
Rather than mining for Bitcoin itself, Canaan makes the hardware for doing so. It has introduced several innovations, such as AI chips and systems that combine crypto mining with residential heating. While these new products could create serious growth, nothing is guaranteed in the world of crypto.
In fact, the exposure to the volatility of the crypto market may be the biggest thing these two companies have in common. Both face the same industry risks and intense competition, and neither has predictable revenue currently.
I’d have a tough time choosing one stock over the other. Canaan strikes me as more interesting, as a picks-and-shovels play. It could also likely adapt if crypto goes bust. However, I’ll go with CleanSpark. It has already performed well and has a clearer path to growth.
Strengthens management team with $20B deal veteran supporting multi-gigawatt commercialization LAS VEGAS, June 4, 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 May 31, 2026. "This May we strengthened our management team by adding Ruben Sahakyan to bolster our AI data center financing capabilities as we progress commercialization efforts in Sandersville and Texas," said CEO and Chairman Matt Schultz.
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.
Shares of this company have returned +21.5% over the past month versus the Zacks S&P 500 composite's +4.6% change. The Zacks Financial - Miscellaneous Services industry, to which CleanSpark belongs, has lost 4.9% over this period. Now the key question is: Where could the stock be headed in the near term?
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.
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 has changed -60% over the last 30 days.
For the current fiscal year, the consensus earnings estimate of -$3.25 points to a change of -557.8% from the prior year. Over the last 30 days, this estimate has changed -70.5%.
For the next fiscal year, the consensus earnings estimate of $0.59 indicates a change of +81.7% from what CleanSpark is expected to report a year ago. Over the past month, the estimate has changed +4.7%.
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 #4 (Sell).
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Revenue Growth ForecastWhile 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.
For CleanSpark, the consensus sales estimate for the current quarter of $158.26 million indicates a year-over-year change of -20.3%. For the current and next fiscal years, $647.55 million and $769.57 million estimates indicate -15.5% and +18.8% changes, 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.
ValuationNo investment decision can be efficient without considering a stock's valuation. Whether a stock's current price rightly reflects the intrinsic value of the underlying business and the company's growth prospects is an essential determinant of its future price performance.
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.
ConclusionThe 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.
