Expectations trend
FY2028 · fiscal year ending 2028-09-30 · fmp
CleanSpark, Inc. (CLSK)
NASDAQInformation TechnologyFinancial - Capital MarketsSnapshot 2026-11-04
$5.68-16.47%
Close 2026-11-05 · 1-day change
NASDAQInformation TechnologyFinancial - Capital MarketsSnapshot 2026-11-04
The long-term thesis, the evidence coming in, and the environment around it. Thesis dated Jul 8, 2026.
Next-FY EPS estimate change · 30 days
Matching fiscal periods, usable estimates and at least one analyst are required.
One observable signal. This measures changing earnings expectations, not the probability of a gain or loss.
The calculation requires same-period, same-provider snapshots, positive EPS, at least one analyst and a baseline within three days of the requested lookback.
The EPS and P/E reference is not available for CLSK yet.
| Measure / period | Management expectations | Analyst expectations |
|---|
Management figures unavailable.
Current consensus figures unavailable.
Three published thesis conditions, with dated milestones shown separately.
| Key Factor | Why It Matters | Current Status | Break Condition | Latest Evidence |
|---|---|---|---|---|
Successful expansion in AI and HPC infrastructure | A supporting condition in CleanSpark, Inc.'s published investment case. The stated target is Sustain progress in AI infrastructure expansion. | Improving | No meaningful progress or setbacks in AI infrastructure expansion | Qualitative: $2.28B financing closed for AI campus; Meta lease secured CleanSpark closed $2.28B notes for Sandersville AI campus and secured Meta lease, confirming expansion progress. Nov 4, 2026Last status assessment Nov 4, 2026Compare required operating outcomesCompare scope, accounting basis and period before treating this evidence as progress against an annual requirement. |
Compare these dated observations with the operating requirements above
FY2028 · fiscal year ending 2028-09-30 · fmp
The evidence, the remaining questions, and what comes next
No recovery evidence is reported in the available driver assessments.
Nov 24, 2026
Look for updated results and guidance against the published targets, plus direct evidence for unresolved drivers.
Review earningsObserved price history; separate from operating scenarios
The weekly editorial context below is a separate assessment from the dated monitor evidence above. Recovery observations do not automatically change the published thesis. Unverified outside influences are hypotheses, not measured driver evidence.
This is a high-risk, growth-sensitive business shifting from bitcoin mining toward digital infrastructure, including AI and high-performance computing. The long-term thesis is in a watch state: management has made strategic progress, but recent financial performance is weak and execution remains uncertain.
CLSK trades at a 1.37-times premium to peers, based on the valuation evidence, despite a negative expectations gap of -0.74. The premium appears to reflect expectations for durable growth, while the gap suggests those expectations are not well supported by current evidence; the pricing signal is labeled justified, with low fragility.
Near term, the earnings picture is weak, with a 65% estimated chance of a next-quarter miss and a run of recent misses. Over the multi-year view, leases and AI and high-performance computing capacity could broaden the business, but progress is mixed; cash has fallen and liabilities have risen as capital is deployed.
The multi-year thesis depends on management converting its long-term lease and power-capacity progress into disclosed, durable revenue while maintaining financial flexibility. Near term, lower interest rates or stabilization in the technology sector could help the backdrop, while materially slower GDP growth could weigh more heavily on CLSK; continued execution problems would add to the risk.
The 1-to-3-year view is a high-risk infrastructure transition with meaningful strategic progress, but weak results, recent momentum deterioration, and mixed execution leave the thesis cautious. Not investment advice.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
EPS loss narrowing toward -$0.72 next fiscal year |
| Analysts expect revenue to grow about 79% next year. |
| Broken |
| EPS remains below -$0.72 next fiscal year |
Direct metric needs a verified mapping The published measure or accounting basis is not supported by an exact source binding. Date unavailableLast status assessment Nov 4, 2026Compare required operating outcomesCompare scope, accounting basis and period before treating this evidence as progress against an annual requirement. |
Revenue growth of at least 70% next fiscal year | Analysts expect revenue to grow about 79% next year. | Broken | YoY revenue growth falls below ~70% next fiscal year | Direct metric needs a verified mapping The published measure or accounting basis is not supported by an exact source binding. Date unavailableLast status assessment Nov 4, 2026Compare required operating outcomesCompare scope, accounting basis and period before treating this evidence as progress against an annual requirement. |
Stored thesis · Jul 8, 2026. Latest Evidence uses source-matched measurements where available, alongside the last thesis-monitor assessment. Source periods and assessment dates are shown separately. A new measurement does not automatically change the published status or verify an older target.
$-1.03 → $-1.17 · observed estimates
$0.73B → $0.72B · observed estimates
One fiscal period and provider throughout. At least five contributors are required for each plotted metric; missing coverage stays a gap. Axes show the observed range. Counts measure coverage, not revisions.
| Snapshot | EPS | Revenue | EPS / revenue analysts |
|---|---|---|---|
| 2026-10-01 | $-1.03 | $725,126,112 | 5 / 7 |
| 2026-10-02 | $-1.03 | $725,126,112 | 5 / 7 |
| 2026-10-03 | $-1.03 | $725,126,112 | 5 / 7 |
| 2026-10-04 | $-1.03 | $725,126,112 | 5 / 7 |
| 2026-10-05 | $-1.03 | $725,126,112 | 5 / 7 |
| 2026-10-06 | $-1.03 | $725,126,112 | 5 / 7 |
| 2026-10-07 | $-1.03 | $725,126,112 | 5 / 7 |
| 2026-10-08 | $-1.03 | $725,126,112 | 5 / 7 |
| 2026-10-09 | $-1.03 | $725,126,112 | 5 / 7 |
| 2026-10-10 | $-1.03 | $725,126,112 | 5 / 7 |
| 2026-10-11 | $-1.03 | $725,126,112 | 5 / 7 |
| 2026-10-12 | $-1.03 | $725,126,112 | 5 / 7 |
| 2026-10-13 | $-1.03 | $725,126,112 | 5 / 7 |
| 2026-10-14 | $-1.03 | $725,126,112 | 5 / 7 |
| 2026-10-15 | $-1.03 | $725,126,112 | 5 / 7 |
| 2026-10-16 | $-1.03 | $724,963,500 | 5 / 7 |
| 2026-10-17 | $-1.03 | $724,963,500 | 5 / 7 |
| 2026-10-18 | $-1.03 | $724,963,500 | 5 / 7 |
| 2026-10-19 | $-1.03 | $724,963,500 | 5 / 7 |
| 2026-10-20 | $-1.03 | $724,963,500 | 5 / 7 |
| 2026-10-21 | $-1.03 | $724,963,500 | 5 / 7 |
| 2026-10-22 | $-1.03 | $724,963,500 | 5 / 7 |
| 2026-10-23 | $-1.17 | $700,823,111 | 5 / 7 |
| 2026-10-24 | $-1.17 | $700,823,111 | 5 / 7 |
| 2026-10-25 | $-1.17 | $700,823,111 | 5 / 7 |
| 2026-10-26 | $-1.17 | $700,823,111 | 5 / 7 |
| 2026-10-27 | $-1.17 | $700,823,111 | 5 / 7 |
| 2026-10-28 | $-1.17 | $701,968,000 | 5 / 7 |
| 2026-10-29 | $-1.17 | $701,968,000 | 5 / 7 |
| 2026-10-30 | $-1.17 | $720,479,111 | 5 / 7 |
| 2026-10-31 | $-1.17 | $720,479,111 | 5 / 7 |
| 2026-11-01 | $-1.17 | $720,479,111 | 5 / 7 |
| 2026-11-02 | $-1.17 | $720,479,111 | 5 / 7 |
| 2026-11-03 | $-1.17 | $720,479,111 | 5 / 7 |
| 2026-11-04 | $-1.17 | $720,479,111 | 5 / 7 |
Revenue and EPS estimates track expectations. They are not delivered results or like-for-like proof of a required annual path.
Latest: 15 Buy / Strong Buy · 0 Hold · 0 Sell / Strong Sell
Recent actions · Oct 6–Nov 4 · 2 recorded
0 raises · 0 cuts · 0 unchanged · 1 without a comparable prior
Oct 6, 2026–Nov 4, 2026. Each firm's latest positive target is paired only with its immediately prior positive target from the same provider, at most 180 days earlier. Unmatched observations have one dot; conflicting observations are not compared.
2 of 3 published conditions remain under pressure or need verification. The next results need to address those conditions.
The dated weekly assessment and its assumptions are available in Read detailed Outlook.