Cleanspark (NASDAQ:CLSK) Issues Earnings Results

Cleanspark (NASDAQ:CLSK) released its quarterly earnings results on Monday. The company reported ($1.52) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.25) by ($1.27), FiscalAI reports. Cleanspark had a negative net margin of 33.24% and a positive return on equity of 11.74%. The firm had revenue of $136.41 million for the quarter, compared to analysts’ expectations of $145.36 million.

Here are the key takeaways from Cleanspark’s conference call:

• CleanSpark is repositioning as a digital infrastructure and data‑center developer that leverages its energy heritage and a portfolio with 1.8 gigawatts of currently contracted capacity and a >5 GW growth pipeline.
• Sandersville (250 MW live) added a 122‑acre parcel and is in advanced negotiations with a high‑credit prospective tenant, with management emphasizing long‑duration leases and disciplined counterparty selection.
• Management is deploying a modular, factory‑centric construction approach (saying it can cut on‑site labor by up to 70%), targets ~14–18 months from lease signing to delivery, and sees constructive financing markets for projects.
• Q2 revenue declined ~25% QoQ to ~$136M driven by lower Bitcoin prices and adjusted EBITDA was negative $241M, but liquidity remains strong at roughly $1.2 billion (cash + HODL) with the full $400M Bitcoin‑backed credit line available.
• The company remains exposed to Bitcoin price volatility and GAAP swings—Q2 included an unfavorable non‑cash mark‑to‑market charge of ~$263 million—and continues to report net losses until AI/HPC leases provide stable, long‑term cash flow.

Cleanspark Trading Up 0.7%

Shares of CLSK traded up $0.10 during trading hours on Monday, hitting $14.30. The company had a trading volume of 29,337,039 shares, compared to its average volume of 24,010,705. The firm has a market cap of $3.66 billion, a P/E ratio of -13.36 and a beta of 3.71. The stock’s 50 day moving average price is $10.49 and its 200 day moving average price is $12.03. 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 has a 52-week low of $8.00 and a 52-week high of $23.61.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on CLSK shares. Chardan Capital restated a “buy” rating and set a $16.00 price target on shares of Cleanspark in a research report on Wednesday, April 8th. Northland Securities started coverage on Cleanspark in a research report on Tuesday, January 13th. They set an “outperform” rating and a $22.50 price target on the stock. Keefe, Bruyette & Woods lowered their price target on Cleanspark from $18.00 to $14.00 and set an “outperform” rating on the stock in a research report on Monday, February 9th. Zacks Research upgraded Cleanspark from a “strong sell” rating to a “hold” rating in a research report on Friday, February 20th. Finally, Cantor Fitzgerald lowered their price target on Cleanspark from $17.00 to $14.00 and set an “overweight” rating on the stock in a research report on Thursday, April 9th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $20.29.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Quarry LP purchased a new position in shares of Cleanspark in the third quarter worth about $26,000. Morse Asset Management Inc purchased a new position in shares of Cleanspark in the third quarter worth about $32,000. Strs Ohio purchased a new position in shares of Cleanspark in the first quarter worth about $38,000. CIBC Private Wealth Group LLC increased its holdings in shares of Cleanspark by 5,081.0% in the third quarter. CIBC Private Wealth Group LLC now owns 3,005 shares of the company’s stock worth $44,000 after buying an additional 2,947 shares during the period. Finally, Parallel Advisors LLC increased its holdings in shares of Cleanspark by 2,019.6% in the third quarter. Parallel Advisors LLC now owns 3,900 shares of the company’s stock worth $57,000 after buying an additional 3,716 shares during the period. Hedge funds and other institutional investors own 43.12% of the company’s stock.

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.