CleanSpark, Inc. (CLSK)
NASDAQInformation TechnologyFinancial - Capital MarketsSnapshot 2026-09-04
$12.69+0.87%
Close 2026-09-04 · 1-day change
NASDAQInformation TechnologyFinancial - Capital MarketsSnapshot 2026-09-04
Broken: Primary pillar broken — EPS loss narrowing toward -$0.72 next fiscal year: EPS -$1.42 vs -$0.72.
CleanSpark is shifting toward AI and high-performance computing, which could boost growth. Analysts expect revenue to grow about 79% next year. The company has a market cap of $3.4 billion and is making progress despite losses. New AI deals may reshape its business beyond bitcoin.
CleanSpark is loss-making with a recent earnings miss and shrinking revenue. Its profit per share is expected to remain negative through next year. The recent sharp stock selloff shows investor doubts. The company faces high risk and operational challenges.
The stock price is about 34% below our model's estimate of intrinsic value. Analysts expect nearly 79% revenue growth next year. Our view aligns that strong growth is needed to justify the current price, but risks remain high.
Breaks if: No meaningful progress or setbacks in AI infrastructure expansion
Breaks if: EPS remains below -$0.72 next fiscal year
Breaks if: YoY revenue growth falls below ~70% next fiscal year
This is not a price target or investment advice.
A long-form read on the 1–3 year hold thesis. It updates when the weekly evidence changes.
This investment represents a speculative growth opportunity. The current thesis state is cautious due to weak recent financial performance and a high probability of missing earnings again in the near term.
The market seems to have priced in a low expectations gap, with CLSK trading at a premium compared to peers. This suggests that investors are not overly optimistic about immediate recovery, but there is a durable premium reflecting some confidence in future growth.
Fundamentals are likely to remain weak in the near term, given the elevated risk of another earnings miss. Management's focus on monetizing digital infrastructure and expanding AI capabilities shows promise, but execution remains mixed.
The thesis hinges on external factors like potential interest rate cuts by the Fed and the performance of sector bellwether MARA. Positive developments in these areas could provide support, while negative trends could further pressure CLSK.
Over the next 1 to 3 years, CLSK faces significant challenges but has some strategic initiatives in place. Not investment advice.
The most important moves since the prior daily snapshot.
Yes, our read has weakened. The latest earnings miss raised concerns about financial discipline. This miss follows a trend of poor financial performance. The company is struggling to maintain capital allocation flexibility.
as of 2026-09-04
Review the evidence to watch, what would become a concern, and what would make it less concerning.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.