What is HC Wainwright’s Estimate for Cleanspark Q3 Earnings?

Cleanspark, Inc. (NASDAQ:CLSK) – Stock analysts at HC Wainwright dropped their Q3 2026 EPS estimates for Cleanspark in a research note issued on Tuesday, May 12th. HC Wainwright analyst M. Colonnese now forecasts that the company will post earnings of ($0.37) per share for the quarter, down from their prior estimate of ($0.23). The consensus estimate for Cleanspark’s current full-year earnings is ($0.70) per share. HC Wainwright also issued estimates for Cleanspark’s Q4 2026 earnings at ($0.26) EPS and FY2026 earnings at ($2.24) EPS.

Other equities analysts have also issued research reports about the stock. Keefe, Bruyette & Woods boosted their target price on shares of Cleanspark from $14.00 to $16.00 and gave the company an “outperform” rating in a report on Wednesday. Maxim Group boosted their target price on shares of Cleanspark from $18.00 to $22.00 and gave the company a “buy” rating in a report on Tuesday. Chardan Capital restated a “buy” rating and issued a $16.00 target price on shares of Cleanspark in a report on Wednesday, April 8th. BTIG Research restated a “buy” rating and issued a $26.00 target price on shares of Cleanspark in a report on Tuesday. Finally, B. Riley Financial dropped their target price on shares of Cleanspark from $22.00 to $19.00 and set a “buy” rating on the stock in a report on Wednesday, February 11th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Cleanspark currently has an average rating of “Moderate Buy” and a consensus target price of $20.44.

Cleanspark Price Performance

Shares of NASDAQ:CLSK opened at $13.30 on Thursday. The firm has a market cap of $3.41 billion, a PE ratio of -6.33 and a beta of 3.71. The firm’s fifty day moving average is $10.77 and its 200-day moving average is $11.90. The company has a debt-to-equity ratio of 1.81, a quick ratio of 10.54 and a current ratio of 8.26. Cleanspark has a 52 week low of $8.00 and a 52 week high of $23.61.

Cleanspark (NASDAQ:CLSK) last posted its earnings results on Monday, May 11th. The company reported ($1.52) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.25) by ($1.27). The company had revenue of $136.41 million for the quarter, compared to the consensus estimate of $145.36 million. Cleanspark had a positive return on equity of 7.07% and a negative net margin of 67.66%.The business’s quarterly revenue was down 24.9% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.49) EPS.

Hedge Funds Weigh In On Cleanspark

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Lido Advisors LLC boosted its position in shares of Cleanspark by 19.1% during the 1st quarter. Lido Advisors LLC now owns 34,197 shares of the company’s stock worth $291,000 after purchasing an additional 5,494 shares in the last quarter. CI Investments Inc. bought a new position in shares of Cleanspark during the 1st quarter worth about $101,000. Himension Capital Singapore PTE. LTD. bought a new position in shares of Cleanspark during the 1st quarter worth about $1,018,000. Dimensional Fund Advisors LP boosted its position in shares of Cleanspark by 81.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 14,102,777 shares of the company’s stock worth $120,007,000 after purchasing an additional 6,323,715 shares in the last quarter. Finally, KBC Group NV boosted its position in shares of Cleanspark by 10.7% during the 1st quarter. KBC Group NV now owns 8,574 shares of the company’s stock worth $73,000 after purchasing an additional 828 shares in the last quarter. Institutional investors own 43.12% of the company’s stock.

Cleanspark News Roundup

Here are the key news stories impacting Cleanspark this week:

• Positive Sentiment: Multiple analysts turned more optimistic on CleanSpark, including Maxim Group raising its price target to $22, Keefe, Bruyette & Woods lifting its target to $16 with an outperform rating, and BTIG reaffirming a buy rating with a $26 target. These higher targets suggest Wall Street still sees meaningful upside despite recent volatility. Analyst target raises
• Positive Sentiment: Investors bought a large volume of call options on CLSK, signaling speculative confidence that the stock could continue rising. Call options volume article
• Positive Sentiment: CleanSpark’s April operating update showed it mined 640 bitcoin, or about 21.33 bitcoin per day, reinforcing that production remains strong and supporting the bullish “undervalued miner” narrative. Operational update article
• Positive Sentiment: Coverage around CleanSpark’s earnings-call commentary emphasized a potential pivot beyond pure bitcoin mining toward data centers and AI infrastructure, which could broaden the company’s long-term growth story. Earnings call article
• Neutral Sentiment: Analyst commentary suggests the valuation debate around CLSK is still evolving, with the average fair value target moving only slightly higher to about $19.29 per share as opinions remain split. Analyst narrative article
• Negative Sentiment: Zacks Research cut CleanSpark to “strong sell,” which may pressure sentiment by highlighting concern after the stock’s recent run-up. Zacks downgrade article
• Negative Sentiment: Recent earnings coverage pointed to disappointing quarterly results, including a revenue decline and a wider net loss, reminding investors that profitability remains under pressure. Earnings miss article

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.