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
QuarterlyIQ Insights · CLSK
What must go right, what could break, what the price assumes, and what evidence comes next.
The current health of the standing investment case.
Recent financial performance sits well below its industry cohort — worth keeping an eye on, though it has not freshly broken.
One-year growth currently built into the price, compared with our model's estimate.
| Measure | Marker shape | Value |
|---|---|---|
| Growth built into the price | circle | 9.3% |
| Our one-year growth estimate | diamond | 65.3% |
For each item: what to watch, what would become a concern, and what would make it less concerning.
A reporting-risk estimate, not a forecast of the stock-price response.
Historical relationships that met the evidence threshold. They do not prove cause or forecast a move.
Usually moved in the same direction.
Price observations: 365 days
Most sensitive to the broad stock market.
Based on historical daily prices through 2026-09-04.
Past price behavior in dollars on a $10,000 position. This does not measure permanent business risk.
How much price usually moves either way.
A larger daily loss that occurred about once in every 20 trading days.
Use the underlying financial and sector pages to investigate the cause.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Growth built into the price is above our model estimate.
The price assumes 56.0 percentage points less one-year growth.
The one-year revenue growth assumption on Valuation.
Elevated risk of a next-quarter earnings miss: this name has been missing across recent quarters and is on a run of consecutive earnings misses. A fundamental tilt, not a price call.
Model as of 2026-09-04 · Compared with 27 industry peers · Company calendar date is not available
CLSK — earnings miss
Dated 2026-08-06
of this Current Report on Form 8-K (including Exhibit 99.1) should not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing.
Why it matters: A decrease in Bitcoin holdings could signal liquidity issues or poor market conditions. It affects the company's financial health.
Worry ifBitcoin holdings are below $900 million.
Less concerning ifBitcoin holdings remain above $900 million.
Why it matters: This project is critical for CleanSpark's growth and revenue generation from the new lease.
Supportive ifThe data center project at Sandersville is on track. It will be ready by Q4 2027.
Worry ifThe project may have delays or miss the timeline.
Why it matters: Changes in bitcoin holdings can show financial health and how well the company runs. This affects cash flow and investment plans.
Watch forBitcoin holdings increase by more than 14% quarter over quarter.
Also watch forBitcoin holdings decrease or fail to increase by at least 14% quarter over quarter.
Why it matters: How CleanSpark spends money will affect its growth and financial health.
Watch forManagement shares a clear plan for spending money that boosts growth.
Also watch forManagement has not shared a clear plan for spending money.
We watch for confirming and disproving signals on each item. Resolutions are found automatically where possible and checked by hand for unclear cases. Last 90 days shown.
Deepest peak-to-trough drop in the last year.
| Measure | Value | Meaning |
|---|---|---|
| Typical day | ±$483 on $10,000 · ±4.8% | How much price usually moves either way. |
| Bad day | $813 loss on $10,000 · 8.1% | A larger daily loss that occurred about once in every 20 trading days. |
| Largest peak-to-trough drop in the past year | $6,474 loss on $10,000 · 64.7% | Deepest peak-to-trough drop in the last year. |
Past year. 1.00 means similar movement; 1.20 means about 20% more.
Past year. 1.00 means similar movement to the sector. This is secondary context.
Latest 30 trading days, shown as an annual percentage.
Latest 252 trading days, shown as an annual percentage.
20-trading-day average in US dollars.
Trading days used by the source risk snapshot.
Past results, not a forecast. Not investment advice.
Why it matters: This lease could generate $6.6 billion in revenue. It marks a key milestone in CleanSpark's growth strategy.
Supportive ifThe lease will start adding revenue in Q4 2027.
Worry ifDelays or issues in the lease agreement that impact revenue projections.
Why it matters: Growing ERCOT capacity helps the company grow. More capacity can lead to higher profits.
Supportive ifThere is news of more ERCOT-approved capacity beyond the current 300 MW.
Worry ifThere will be no news on ERCOT capacity growth before the next earnings call.
Why it matters: Updates on the Sandersville project will show how CleanSpark is doing with its lease plans.
Supportive ifWatch for news about the Sandersville project. This includes finishing construction and getting tenants.
Worry ifWatch for delays in the Sandersville project. Bad news about the project is also important.
Why it matters: More Bitcoin holdings can help the balance sheet and boost investor trust.
Supportive ifBitcoin holdings increase by more than 10% from $925.2 million.
Worry ifBitcoin holdings decrease or remain flat.
Why it matters: Changes in bitcoin mining costs could affect CleanSpark's profits and cash flow.
Watch forBetter bitcoin prices or easier mining conditions that help profits.
Also watch forMore drops in bitcoin prices or harder mining conditions that hurt profits.
Why it matters: Progress in this area is key to CleanSpark's long-term growth strategy.
Supportive ifManagement says they secured more power capacity. It is now over 890 MW.
Worry ifThere are no new updates on power capacity or site development for AI and HPC.
Why it matters: A bad result shows that there are still problems with operations and money.
Worry ifAdjusted EBITDA was worse than -$241 million.
Less concerning ifAdjusted EBITDA was more than -$241 million.
Why it matters: A revenue drop over 30% would show worsening demand and financial health. Investors may react negatively.
Worry ifQ3 revenue reported below $96.6 million, which is a 30% decline from $138 million.
Less concerning ifQ3 revenue is stable or grows compared to last year. This shows demand is recovering.
Why it matters: Doing the Sandersville project well is important. It helps make money and cash flow.
Supportive ifManagement says the Sandersville project is on time and on budget.
Worry ifThere are delays or budget issues with the Sandersville project.
Why it matters: Updates on AI and HPC infrastructure will show how revenue can grow and diversify.
Watch forManagement announces new contracts. They also add capacity for AI and HPC.
Also watch forNo new developments or contracts are reported for AI and HPC infrastructure.