CleanSpark Future Growth

Future criteria checks 5/6

CleanSpark is forecast to grow earnings and revenue by 55.5% and 30.3% per annum respectively. EPS is expected to grow by 46.1% per annum. Return on equity is forecast to be 9.3% in 3 years.

Key information

55.5%

Earnings growth rate

46.1%

EPS growth rate

Software earnings growth	16.9%
Revenue growth rate	30.3%
Future return on equity	9.3%
Analyst coverage	Low
Last updated	17 Dec 2024

Recent future growth updates

Recent updates

CleanSpark's Summer Buying Spree

Oct 02

CleanSpark, Inc.'s (NASDAQ:CLSK) Stock Retreats 34% But Revenues Haven't Escaped The Attention Of Investors

Aug 18

A Piece Of The Puzzle Missing From CleanSpark, Inc.'s (NASDAQ:CLSK) 69% Share Price Climb

Apr 17

It's Unlikely That CleanSpark, Inc.'s (NASDAQ:CLSK) CEO Will See A Huge Pay Rise This Year

Mar 02

CleanSpark bitcoin production climbs 13% in September, sells 380 BTC

Oct 04

Be Ready To Add CleanSpark When Fed Signals Pivot

Sep 28

CleanSpark: The Current Bitcoin Environment And Company Updates

Sep 16

CleanSpark acquires 10K more bitcoin mining machines for $28M

Sep 07

Earnings and Revenue Growth Forecasts

NasdaqCM:CLSK - Analysts future estimates and past financials data (USD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
9/30/2027	964	245	N/A	N/A	2
9/30/2026	993	163	253	-19	5
9/30/2025	745	321	113	-311	5
9/30/2024	379	-149	-300	-234	N/A
6/30/2024	342	-156	-271	-199	N/A
3/31/2024	284	66	-208	-125	N/A
12/31/2023	214	-76	-160	-76	N/A
9/30/2023	168	-134	-79	-17	N/A
6/30/2023	142	-104	7	37	N/A
3/31/2023	128	-106	24	36	N/A
12/31/2022	122	-86	61	64	N/A
9/30/2022	132	-40	54	73	N/A
6/30/2022	127	2	-61	50	N/A
3/31/2022	105	5	-125	35	N/A
12/31/2021	74	14	-165	-4	N/A
9/30/2021	39	-8	-163	-24	N/A
6/30/2021	19	-17	-85	-24	N/A
3/31/2021	14	-11	-26	-17	N/A
12/31/2020	11	-29	-13	-13	N/A
9/30/2020	10	-23	-7	-7	N/A
6/30/2020	10	-28	-4	-4	N/A
3/31/2020	8	-24	-5	-4	N/A
12/31/2019	5	-26	-6	-6	N/A
9/30/2019	5	-26	-6	-6	N/A
6/30/2019	2	-52	-7	-6	N/A
3/31/2019	1	-55	-4	-3	N/A
12/31/2018	1	-48	-2	-2	N/A
9/30/2018	1	-47	-2	-1	N/A
6/30/2018	1	-19	N/A	-1	N/A
3/31/2018	0	-14	N/A	-1	N/A
12/31/2017	0	-14	N/A	-1	N/A
9/30/2017	0	-13	N/A	-1	N/A
6/30/2017	0	-6	N/A	-1	N/A
3/31/2017	0	-4	N/A	-1	N/A
12/31/2016	0	-3	N/A	-1	N/A
9/30/2016	0	-3	N/A	0	N/A
6/30/2016	N/A	0	N/A	0	N/A
3/31/2016	N/A	0	N/A	0	N/A
12/31/2015	N/A	-3	N/A	0	N/A
9/30/2015	N/A	-3	N/A	0	N/A
6/30/2015	N/A	-3	N/A	0	N/A
3/31/2015	0	-3	N/A	0	N/A
12/31/2014	0	0	N/A	0	N/A
9/30/2014	0	0	N/A	0	N/A
6/30/2014	0	0	N/A	0	N/A
3/31/2014	N/A	0	N/A	0	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: CLSK is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.6%).

Earnings vs Market: CLSK is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: CLSK is expected to become profitable in the next 3 years.

Revenue vs Market: CLSK's revenue (30.3% per year) is forecast to grow faster than the US market (9.2% per year).

High Growth Revenue: CLSK's revenue (30.3% per year) is forecast to grow faster than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: CLSK's Return on Equity is forecast to be low in 3 years time (9.3%).

Discover growth companies

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/27 22:27
End of Day Share Price	2024/12/27 00:00
Earnings	2024/09/30
Annual Earnings	2024/09/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

CleanSpark, Inc. is covered by 9 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Gregory Lewis	BTIG
Joshua Siegler	Cantor Fitzgerald & Co.
Brett Knoblauch	Cantor Fitzgerald & Co.

CleanSpark Future Growth

Future criteria checks 5/6

Key information

Recent future growth updates

Cleanspark Inc. Announces Normal Operations Resumption After 365 Mw of Power Was Shut Down in the Wake of Hurricane Helene

Consensus EPS estimates fall by 97%

Consensus EPS estimates fall from profit to US$0.022 loss, revenue upgraded

Consensus EPS estimates fall from profit to US$0.022 loss, revenue upgraded

Forecast breakeven date pushed back to 2026

Consensus EPS estimates increase by 66%

Recent updates

CleanSpark, Inc. announced delayed annual 10-K filing

CleanSpark, Inc. to Report Fiscal Year 2024 Results on Dec 02, 2024

CleanSpark, Inc. (NasdaqCM:CLSK) completed the acquisition of Griid Infrastructure Inc. (NEOE:GRDI) from Griid Holdco LLC, Adit Edtech Sponsor, LLC, Blockchain Capital Solutions (US), Inc. and others.

CleanSpark, Inc. (NasdaqCM:CLSK) completed the acquisition of Griid Infrastructure Inc. (NEOE:GRDI) from Griid Holdco LLC, Adit Edtech Sponsor, LLC, Blockchain Capital Solutions (US), Inc. and others.

Cleanspark Inc. Announces Normal Operations Resumption After 365 Mw of Power Was Shut Down in the Wake of Hurricane Helene

CleanSpark's Summer Buying Spree

New minor risk - Profitability

Executive Chairman exercised options and sold US$1.6m worth of stock

CleanSpark, Inc. (NasdaqCM:CLSK) agreed to acquire Jellico Technologies LLC and West Crossville Technologies LLC from Exponential Digital LLC for $7.3 million.

Consensus EPS estimates fall by 97%

Consensus EPS estimates fall from profit to US$0.022 loss, revenue upgraded

Consensus EPS estimates fall from profit to US$0.022 loss, revenue upgraded

New minor risk - Profitability

CleanSpark, Inc.'s (NASDAQ:CLSK) Stock Retreats 34% But Revenues Haven't Escaped The Attention Of Investors

Forecast breakeven date pushed back to 2026

CleanSpark, Inc. Reports Impairment Expenses - Fixed Assets for the Third Quarter Ended June 30, 2024

New minor risk - Financial position

Third quarter 2024 earnings: EPS and revenues miss analyst expectations

Investor sentiment deteriorates as stock falls 21%

CleanSpark, Inc. to Report Q3, 2024 Results on Aug 08, 2024

Investor sentiment improves as stock rises 19%

CleanSpark, Inc.'s (NASDAQ:CLSK) Price In Tune With Revenues

CleanSpark, Inc.(NasdaqCM:CLSK) dropped from Russell 3000E Value Index

CleanSpark, Inc. (NasdaqCM:CLSK) entered into an agreement to acquire Griid Infrastructure Inc. (NEOE:GRDI) for approximately $160 million.

Investor sentiment improves as stock rises 23%

Consensus EPS estimates increase by 66%

New major risk - Revenue and earnings growth

Investor sentiment improves as stock rises 18%

Second quarter 2024 earnings released: EPS: US$0.59 (vs US$0.23 loss in 2Q 2023)

CleanSpark, Inc. Announces Executive Appointments

CleanSpark, Inc. to Report Q2, 2024 Results on May 09, 2024

CleanSpark May Benefit From The Bitcoin Halving Event

Now 26% undervalued

CEO, President & Director recently sold US$9.0m worth of stock

Forecast breakeven date moved forward to 2024

Consensus revenue estimates increase by 13%

CEO, President & Director exercised options and sold US$12m worth of stock

Executive Chairman recently sold US$419k worth of stock

Price target increased by 18% to US$14.03

CleanSpark, Inc.'s (NASDAQ:CLSK) 145% Jump Shows Its Popularity With Investors

CleanSpark, Inc. (NasdaqCM:CLSK) completed the acquisition of Three Turnkey Bitcoin Mining Facilities in Mississippi for $19.8 million.

Forecast to breakeven in 2025

First quarter 2024 earnings: EPS and revenues exceed analyst expectations

New minor risk - Profitability

Forecast to breakeven in 2026

CleanSpark, Inc., Annual General Meeting, Mar 11, 2024

CleanSpark, Inc. to Report Q1, 2024 Results on Feb 08, 2024

CleanSpark To Benefit From SEC Decision - But Not Necessarily Right Now

With CleanSpark, Inc. (NASDAQ:CLSK) It Looks Like You'll Get What You Pay For

CEO, President & Director exercised options and sold US$1.3m worth of stock

Independent Director recently sold US$417k worth of stock

Consensus EPS estimates fall by 11%, revenue upgraded

New major risk - Share price stability

No longer forecast to breakeven

Consensus revenue estimates fall by 12%

Price target increased by 14% to US$11.53

Full year 2023 earnings: EPS misses analyst expectations

No longer forecast to breakeven

CleanSpark, Inc. to Report Fiscal Year 2023 Results on Nov 30, 2023

Independent Director notifies of intention to sell stock

Cleanspark Inc. Acquires 4.4 Eh/S of New Antminer S21 Bitcoin Miners

No longer forecast to breakeven

Health Check: How Prudently Does CleanSpark (NASDAQ:CLSK) Use Debt?

New major risk - Revenue and earnings growth

Third quarter 2023 earnings: EPS exceeds analyst expectations

CleanSpark, Inc. to Report Q3, 2023 Results on Aug 09, 2023

Consensus EPS estimates upgraded to US$0.94 loss, revenue downgraded

Price target increased by 9.7% to US$8.50

CleanSpark Inc. Announces Phase Two of Its Mining Campus in Washington, Georgia, Is Live