Cleanspark (NASDAQ:CLSK) Announces Quarterly Earnings Results

Cleanspark (NASDAQ:CLSK) posted its quarterly earnings data on Monday. The company reported ($1.52) EPS for the quarter, missing the consensus estimate of ($0.25) by ($1.27), FiscalAI reports. The firm had revenue of $136.41 million for the quarter, compared to analysts’ expectations of $145.36 million. Cleanspark had a positive return on equity of 11.74% and a negative net margin of 33.24%.

Here are the key takeaways from Cleanspark’s conference call:

• CleanSpark is repositioning as a digital infrastructure and data‑center developer that leverages its energy heritage and a portfolio with 1.8 gigawatts of currently contracted capacity and a >5 GW growth pipeline.
• Sandersville (250 MW live) added a 122‑acre parcel and is in advanced negotiations with a high‑credit prospective tenant, with management emphasizing long‑duration leases and disciplined counterparty selection.
• Management is deploying a modular, factory‑centric construction approach (saying it can cut on‑site labor by up to 70%), targets ~14–18 months from lease signing to delivery, and sees constructive financing markets for projects.
• Q2 revenue declined ~25% QoQ to ~$136M driven by lower Bitcoin prices and adjusted EBITDA was negative $241M, but liquidity remains strong at roughly $1.2 billion (cash + HODL) with the full $400M Bitcoin‑backed credit line available.
• The company remains exposed to Bitcoin price volatility and GAAP swings—Q2 included an unfavorable non‑cash mark‑to‑market charge of ~$263 million—and continues to report net losses until AI/HPC leases provide stable, long‑term cash flow.

Cleanspark Stock Up 0.7%

Shares of CLSK stock traded up $0.10 on Monday, hitting $14.30. The stock had a trading volume of 29,337,039 shares, compared to its average volume of 24,010,705. The company has a quick ratio of 10.54, a current ratio of 10.54 and a debt-to-equity ratio of 1.29. The business has a 50 day moving average price of $10.49 and a 200 day moving average price of $12.03. The company has a market cap of $3.66 billion, a PE ratio of -13.36 and a beta of 3.71. Cleanspark has a one year low of $8.00 and a one year high of $23.61.

Institutional Trading of Cleanspark

Several institutional investors and hedge funds have recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its holdings in shares of Cleanspark by 80.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 7,779,062 shares of the company’s stock valued at $78,731,000 after acquiring an additional 3,467,841 shares in the last quarter. Marex Group plc raised its holdings in Cleanspark by 23,812.2% in the fourth quarter. Marex Group plc now owns 5,400,561 shares of the company’s stock worth $54,654,000 after purchasing an additional 5,377,976 shares in the last quarter. Invesco Ltd. raised its holdings in Cleanspark by 22.1% in the third quarter. Invesco Ltd. now owns 4,482,527 shares of the company’s stock worth $64,997,000 after purchasing an additional 810,203 shares in the last quarter. Tidal Investments LLC raised its holdings in Cleanspark by 13.3% in the third quarter. Tidal Investments LLC now owns 4,366,437 shares of the company’s stock worth $63,313,000 after purchasing an additional 514,062 shares in the last quarter. Finally, Voloridge Investment Management LLC bought a new position in Cleanspark in the third quarter worth about $56,056,000. 43.12% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

CLSK has been the subject of a number of recent analyst reports. Chardan Capital reissued a “buy” rating and set a $16.00 target price on shares of Cleanspark in a research note on Wednesday, April 8th. Keefe, Bruyette & Woods lowered their target price on shares of Cleanspark from $18.00 to $14.00 and set an “outperform” rating for the company in a research note on Monday, February 9th. Northland Securities initiated coverage on shares of Cleanspark in a research note on Tuesday, January 13th. They set an “outperform” rating and a $22.50 target price for the company. Zacks Research raised shares of Cleanspark from a “strong sell” rating to a “hold” rating in a research note on Friday, February 20th. Finally, Cantor Fitzgerald lowered their target price on shares of Cleanspark from $17.00 to $14.00 and set an “overweight” rating for the company in a research note on Thursday, April 9th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $20.29.

Cleanspark Company Profile

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.