Brokers Issue Forecasts for Cleanspark FY2026 Earnings

Cleanspark, Inc. (NASDAQ:CLSK) – Analysts at HC Wainwright issued their FY2026 earnings estimates for shares of Cleanspark in a research report issued on Friday, August 7th. HC Wainwright analyst M. Colonnese expects that the company will post earnings of ($1.46) per share for the year. HC Wainwright has a “Buy” rating on the stock. The consensus estimate for Cleanspark’s current full-year earnings is ($1.23) per share.

CLSK has been the topic of several other reports. Citigroup assumed coverage on Cleanspark in a report on Wednesday, June 24th. They set an “outperform” rating on the stock. Citizens Jmp started coverage on Cleanspark in a research note on Wednesday, June 24th. They issued a “market outperform” rating and a $27.00 price target for the company. Cantor Fitzgerald restated an “overweight” rating and set a $26.00 price objective on shares of Cleanspark in a research report on Friday. Chardan Capital reaffirmed a “buy” rating and issued a $21.00 price objective on shares of Cleanspark in a research note on Monday. Finally, Keefe, Bruyette & Woods upped their target price on Cleanspark from $16.00 to $25.00 and gave the company an “outperform” rating in a report on Tuesday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $23.88.

Cleanspark Stock Performance

Shares of Cleanspark stock opened at $11.59 on Tuesday. The stock has a market cap of $2.98 billion, a price-to-earnings ratio of -3.07 and a beta of 3.86. Cleanspark has a twelve month low of $8.00 and a twelve month high of $23.61. The company’s fifty day moving average is $14.74 and its 200 day moving average is $12.65. The company has a quick ratio of 2.11, a current ratio of 5.91 and a debt-to-equity ratio of 2.34.

Cleanspark (NASDAQ:CLSK) last announced its quarterly earnings results on Thursday, August 6th. The company reported ($0.89) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.47) by ($0.42). The business had revenue of $138.01 million during the quarter, compared to analyst estimates of $142.37 million. Cleanspark had a negative net margin of 146.90% and a negative return on equity of 18.63%. The company’s revenue was down 30.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.90 earnings per share.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of CLSK. Integrated Wealth Concepts LLC bought a new position in Cleanspark in the 1st quarter valued at $68,000. Caxton Associates LLP bought a new stake in Cleanspark in the 1st quarter worth approximately $169,000. United Services Automobile Association purchased a new position in shares of Cleanspark in the first quarter worth about $125,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Cleanspark by 16.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 598,994 shares of the company’s stock valued at $4,025,000 after acquiring an additional 86,229 shares during the period. Finally, Strs Ohio bought a new stake in Cleanspark in the first quarter valued at $38,000. Institutional investors own 43.12% of the company’s stock.

Key Headlines Impacting Cleanspark

Here are the key news stories impacting Cleanspark this week:

• Positive Sentiment: Analyst support remains strong: Chardan Capital reaffirmed a “Buy” rating and set a $21 price target, implying substantial upside from recent levels. Cantor Fitzgerald reiterated its “Overweight” rating, while Maxim Group maintained its “Buy” recommendation. Chardan Capital rating Cantor Fitzgerald rating Maxim Group rating
• Positive Sentiment: HC Wainwright also issued a Buy rating while forecasting fiscal 2026 EPS of negative $1.46. Although the estimate is below the broader consensus of negative $1.23, the rating indicates the firm sees longer-term value in the Bitcoin miner.
• Neutral Sentiment: CleanSpark’s stock remains highly volatile, with a beta of 3.86, and trades below its 50-day moving average. This leaves the shares particularly sensitive to Bitcoin prices, mining economics and changes in investor risk appetite.
• Negative Sentiment: Northland Securities reduced earnings estimates across fiscal 2026 and 2027. Its FY2026 EPS forecast fell to negative $1.41 from negative $1.13, while FY2027 fell sharply to negative $1.49 from negative $0.62. Quarterly 2027 estimates were also lowered, signaling expectations for more prolonged losses and likely weighing on investor sentiment.
• Negative Sentiment: Cryptocurrency-related selling pressured the sector: CleanSpark declined alongside Riot Platforms and MARA Holdings after Strategy reportedly sold Bitcoin and shares. The move highlights the company’s exposure to Bitcoin price fluctuations and broader miner-sector sentiment. Bitcoin miner sector decline

About Cleanspark

CleanSpark, Inc (NASDAQ: CLSK) is a leading energy software and services company specializing in advanced microgrid controls and distributed energy resource (DER) management. The firm develops proprietary software platforms designed to optimize power flows across on-grid and off-grid installations, integrating renewable generation, battery storage, and traditional generation assets. CleanSpark’s technology is used by utilities, commercial and industrial enterprises, and remote facilities seeking to enhance energy resilience, reduce operating costs, and achieve sustainability goals.

In addition to its core software offerings, CleanSpark provides end-to-end engineering, procurement and construction (EPC) services.