Cleanspark (NASDAQ:CLSK) Receives Buy Rating from BTIG Research

Cleanspark (NASDAQ:CLSK)‘s stock had its “buy” rating restated by analysts at BTIG Research in a research note issued on Tuesday,Benzinga reports. They presently have a $26.00 price objective on the stock. BTIG Research’s price objective would suggest a potential upside of 93.02% from the stock’s previous close.

Several other analysts have also recently weighed in on CLSK. Northland Securities initiated coverage on Cleanspark in a report on Tuesday, January 13th. They issued an “outperform” rating and a $22.50 price target on the stock. Cantor Fitzgerald decreased their price objective on Cleanspark from $17.00 to $14.00 and set an “overweight” rating on the stock in a report on Thursday, April 9th. Weiss Ratings reissued a “sell (d)” rating on shares of Cleanspark in a report on Friday. Keefe, Bruyette & Woods decreased their price objective on Cleanspark from $18.00 to $14.00 and set an “outperform” rating on the stock in a report on Monday, February 9th. Finally, B. Riley Financial decreased their price objective on Cleanspark from $22.00 to $19.00 and set a “buy” rating on the stock in a report on Wednesday, February 11th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Cleanspark presently has an average rating of “Moderate Buy” and an average price target of $20.29.

Cleanspark Stock Performance

NASDAQ:CLSK opened at $13.47 on Tuesday. The business’s 50-day moving average price is $10.71 and its two-hundred day moving average price is $11.93. Cleanspark has a twelve month low of $8.00 and a twelve month high of $23.61. The stock has a market cap of $3.44 billion, a P/E ratio of -6.41 and a beta of 3.71. The company has a quick ratio of 10.54, a current ratio of 10.54 and a debt-to-equity ratio of 1.29.

Cleanspark (NASDAQ:CLSK) last released its quarterly earnings results on Monday, May 11th. The company reported ($1.52) earnings per share for the quarter, missing the consensus estimate of ($0.25) by ($1.27). Cleanspark had a negative net margin of 67.66% and a positive return on equity of 6.22%. The business had revenue of $136.41 million during the quarter, compared to analysts’ expectations of $145.36 million. During the same period in the previous year, the business earned ($0.49) EPS. The business’s revenue was down 24.9% on a year-over-year basis. As a group, equities analysts predict that Cleanspark will post -0.7 EPS for the current fiscal year.

Institutional Investors Weigh In On Cleanspark

A number of large investors have recently made changes to their positions in the business. Vanguard Group Inc. grew its position in shares of Cleanspark by 3.0% in the 3rd quarter. Vanguard Group Inc. now owns 26,051,850 shares of the company’s stock worth $377,752,000 after buying an additional 769,148 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Cleanspark by 81.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 14,102,777 shares of the company’s stock worth $120,007,000 after buying an additional 6,323,715 shares during the last quarter. Marex Group plc grew its position in shares of Cleanspark by 23,812.2% in the 4th quarter. Marex Group plc now owns 5,400,561 shares of the company’s stock worth $54,654,000 after buying an additional 5,377,976 shares during the last quarter. Invesco Ltd. grew its position in shares of Cleanspark by 22.1% in the 3rd quarter. Invesco Ltd. now owns 4,482,527 shares of the company’s stock worth $64,997,000 after buying an additional 810,203 shares during the last quarter. Finally, Tidal Investments LLC grew its position in shares of Cleanspark by 13.3% in the 3rd quarter. Tidal Investments LLC now owns 4,366,437 shares of the company’s stock worth $63,313,000 after buying an additional 514,062 shares during the last quarter. 43.12% of the stock is currently owned by institutional investors.

Key Cleanspark News

Here are the key news stories impacting Cleanspark this week:

• Positive Sentiment: Maxim Group raised its price target on Cleanspark to $22 from $18 and kept a buy rating, suggesting meaningful upside from current levels. Article title
• Positive Sentiment: Keefe, Bruyette & Woods maintained an outperform view with a $14 target after the earnings miss, indicating some analysts still see value despite near-term weakness.
• Positive Sentiment: There was notable call-option buying in CLSK, which can signal that some traders are positioning for a rebound or further volatility to the upside.
• Positive Sentiment: Management emphasized a pivot toward AI/data-center infrastructure, highlighting expanded contracted capacity and a 14–18 month delivery timeline for AI data centers, which could support a longer-term growth story.
• Neutral Sentiment: CleanSpark’s earnings call and related coverage focused on the company’s transition beyond pure Bitcoin mining, with investors watching whether the infrastructure strategy can create new revenue streams.
• Negative Sentiment: CleanSpark reported a much larger-than-expected Q2 loss and missed revenue estimates, with revenue down sharply year over year. The weak operating results are a key reason the stock has been under pressure.
• Negative Sentiment: Management also flagged more than $200 million in losses tied to Bitcoin holdings, adding to concerns about earnings volatility and crypto-price exposure.
• Negative Sentiment: Zacks Research downgraded Cleanspark from hold to strong sell, reinforcing bearish sentiment after the disappointing quarter.

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.