View Past PerformanceCleanSpark バランスシートの健全性財務の健全性 基準チェック /16CleanSparkの総株主資本は$986.2M 、総負債は$1.8Bで、負債比率は181.6%となります。総資産と総負債はそれぞれ$2.9Bと$1.9Bです。主要情報181.59%負債資本比率US$1.79b負債インタレスト・カバレッジ・レシオn/a現金US$260.29mエクイティUS$986.16m負債合計US$1.93b総資産US$2.91b財務の健全性に関する最新情報お知らせ • Dec 03CleanSpark, Inc. announced delayed annual 10-K filingOn 12/02/2024, CleanSpark, Inc. announced that they will be unable to file their next 10-K by the deadline required by the SEC.すべての更新を表示Recent updatesReported Earnings • May 12Second quarter 2026 earnings: EPS and revenues miss analyst expectationsSecond quarter 2026 results: US$1.53 loss per share (further deteriorated from US$0.49 loss in 2Q 2025). Revenue: US$136.4m (down 25% from 2Q 2025). Net loss: US$408.3m (loss widened 194% from 2Q 2025). Revenue missed analyst estimates by 2.5%. Earnings per share (EPS) also missed analyst estimates by 112%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Software industry in the US. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has increased by 46% per year, which means it is tracking significantly ahead of earnings growth.ライブニュース • May 12CleanSpark Expands AI Hosting Capabilities as Bitcoin Mining Operations Grow and Losses MountCleanSpark produced 658 BTC in March 2026 and reported an operational hashrate of 50 EH/s, supported by 1.8 gigawatts of contracted power capacity. The company acquired a second Texas data center campus with 300 megawatts of power capacity and secured ERCOT approval that supports development of AI and high-performance computing facilities. Management is pivoting from a pure Bitcoin mining focus toward hosting AI/HPC workloads, pursuing long-duration leases and reporting advanced talks with an investment-grade hyperscaler, while also recording a second-quarter net loss that included a US$224m Bitcoin impairment. The key story here is CleanSpark using its Bitcoin mining footprint and power contracts to build a broader digital infrastructure platform focused on AI and HPC hosting. For investors, the main trade-off to weigh is the potential demand for AI compute capacity against the execution risk of a large build-out and the impact of Bitcoin price swings, which have already affected earnings via the impairment charge.ナラティブの更新 • May 12CLSK: Preferred Payout And Margin Assumptions Will Support Future Cash Flow UpsideCleanSpark's analyst price target edges up by about $0.08 to roughly $19.29 as analysts factor in slightly improved profit margin assumptions, a modest adjustment to the discount rate, and a lower projected future P/E multiple in their updated models. Analyst Commentary Recent research on CleanSpark reflects a mix of optimism around execution and capital allocation, alongside caution around valuation assumptions and earnings visibility.Major Estimate Revision • Apr 28Consensus EPS estimates fall by 10%The consensus outlook for earnings per share (EPS) in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from US$676.5m to US$652.1m. Losses expected to increase from US$2.28 per share to US$2.51. Software industry in the US expected to see average net income growth of 24% next year. Consensus price target of US$19.21 unchanged from last update. Share price rose 2.5% to US$11.80 over the past week.ナラティブの更新 • Apr 28CLSK: Preferred Payout Structure Will Support Future Cash Flow UpsideAnalysts have trimmed CleanSpark's average price target slightly, with the fair value estimate moving from about $19.38 to $19.21. This reflects recent target cuts of around $3 to $9 as they factor in updated assumptions on discount rates, revenue growth and profit margins.New Risk • Apr 27New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 1.8% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$842m free cash flow). Earnings are forecast to decline by an average of 1.8% per year for the foreseeable future. Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (US$338m net loss in 2 years). Share price has been volatile over the past 3 months (13% average weekly change).ナラティブの更新 • Apr 13CLSK: Texas AI Data Hub Will Support Future Cash Flow UpsideAnalysts have reduced their price expectations for CleanSpark, reflected in a lower fair value estimate from about $23.16 to $19.38. This follows updates to assumptions for revenue growth, profit margins and future P/E multiples after a series of recent target cuts, alongside supportive commentary on the company's BTC mining scale and expansion into high performance computing and AI datacenters.ナラティブの更新 • Mar 30CLSK: Power Secured AI Data Center Expansion Will Drive Future UpsideAnalysts kept their average CleanSpark price target steady at $14.00, making modest adjustments to discount rate, growth, and margin inputs as they weigh recent target cuts from several firms against new Buy and Outperform initiations that emphasize the company's power capacity and AI data center expansion plans. Analyst Commentary Recent research on CleanSpark highlights a split view, with some firms initiating positive coverage around the company’s power capacity and AI data center ambitions, while others are reworking their models and trimming targets.New Risk • Mar 29New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -US$842m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risk Less than 1 year of cash runway based on free cash flow trend (-US$842m free cash flow). Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (US$273m net loss in 2 years). Share price has been volatile over the past 3 months (14% average weekly change).ナラティブの更新 • Mar 16CLSK: Texas Power Capacity Will Support Future AI And HPC LeasingCleanSpark's updated analyst narrative keeps fair value unchanged at $26.00, with the modest price target reductions across the Street tied more to higher discount rates and sector multiples than to any shift in analysts' views on the company's revenue growth, profit margin profile, or future P/E assumptions. Analyst Commentary Recent Street research on CleanSpark points to a mix of recalibrated price targets and fresh coverage, with most of the detailed commentary emphasizing the company’s execution on power capacity and its push into high performance computing and AI data centers.Seeking Alpha • Mar 11CleanSpark: 1.8 GW Of Power And An Asymmetric Buying OpportunitySummary CleanSpark (CLSK) is pivoting from pure crypto mining to a diversified model including high-performance computing (HPC)/AI data centers. CLSK’s 1.8 GW contracted grid capacity and potential gas power generation provide a pricing moat and partial insulation from rising grid fees. Valuation analysis suggests the market undervalues CLSK’s data center pipeline, pricing it at less than 1x forward sales based on peer rates. I issue a 'Strong Buy' rating, citing asymmetric upside from data center momentum and BTC recovery, with key risks in BTC price and execution. Read the full article on Seeking Alphaナラティブの更新 • Mar 02CLSK: Texas Power Capacity Will Drive Future AI And HPC LeasingAnalysts have trimmed their CleanSpark fair value estimate from $30.00 to $26.00, reflecting updated assumptions for a higher discount rate, more moderate revenue growth and profit margins, and a higher future P/E multiple, even as recent research still points to opportunity in Bitcoin mining and AI data center expansion. Analyst Commentary Recent Street research on CleanSpark shows a mix of trimmed price targets and fresh, positive coverage, with several bullish analysts still highlighting upside potential tied to execution in Bitcoin mining and the buildout of AI and high performance computing, or HPC, infrastructure.Recent Insider Transactions Derivative • Feb 20CEO & Chairman notifies of intention to sell stockS. Schultz intends to sell 104k shares in the next 90 days after lodging an Intent To Sell Form on the 18th of February. If the sale is conducted around the recent share price of US$9.28, it would amount to US$966k. For the year to September 2019, Schultz's total compensation was 2% salary and 98% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since June 2025, Schultz's direct individual holding has increased from 2.35m shares to 2.84m. Company insiders have collectively sold US$7.0m more than they bought, via options and on-market transactions in the last 12 months.ナラティブの更新 • Feb 16CLSK: Power Secured AI And HPC Buildout Will Drive Future UpsideAnalysts have trimmed their CleanSpark fair value estimate from about $14.69 to $14.00, reflecting lower revenue growth assumptions, a higher discount rate, and a reset future P/E multiple, despite continued interest in the company’s high performance computing and AI data center expansion. Analyst Commentary Recent research has featured a mix of enthusiasm for CleanSpark's AI and high performance computing buildout alongside a series of trimmed price targets that highlight execution and valuation risks.分析記事 • Feb 13Some Confidence Is Lacking In CleanSpark, Inc. (NASDAQ:CLSK) As Shares Slide 26%CleanSpark, Inc. ( NASDAQ:CLSK ) shareholders won't be pleased to see that the share price has had a very rough month...Price Target Changed • Feb 06Price target decreased by 9.5% to US$20.92Down from US$23.12, the current price target is an average from 13 analysts. New target price is 108% above last closing price of US$10.08. Stock is down 11% over the past year. The company is forecast to post a net loss per share of US$3.37 compared to earnings per share of US$1.25 last year.Major Estimate Revision • Feb 06Consensus revenue estimates decrease by 19%, EPS upgradedThe consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast fell from US$805.8m to US$656.0m. EPS estimate increased from -US$0.431 to -US$0.411 per share. Software industry in the US expected to see average net income growth of 19% next year. Consensus price target of US$23.08 unchanged from last update. Share price fell 34% to US$8.27 over the past week.Valuation Update With 7 Day Price Move • Feb 04Investor sentiment deteriorates as stock falls 24%After last week's 24% share price decline to US$10.22, the stock trades at a trailing P/E ratio of 7.4x. Average forward P/E is 13x in the Software industry in the US. Total returns to shareholders of 199% over the past three years.ナラティブの更新 • Feb 02CLSK: Texas Power Footprint Will Support Future AI Data Center LeasingAnalysts have made a modest downward adjustment to their CleanSpark price targets, trimming several estimates by around $0.50 to $3.00 as they factor in mixed sector multiples along with growing interest in the company's high performance computing and AI data center expansion. Analyst Commentary Across recent research, several bullish analysts remain constructive on CleanSpark even as some targets are trimmed to reflect sector multiples and higher spending tied to the company’s pivot into high performance computing and AI data centers.お知らせ • Jan 23CleanSpark, Inc., Annual General Meeting, Mar 03, 2026CleanSpark, Inc., Annual General Meeting, Mar 03, 2026. Location: wwww.proxydocs.corn/clsk, United Statesナラティブの更新 • Jan 19CLSK: Texas AI Power Capacity Will Drive Future HPC Leasing UpsideAnalysts maintained their average fair value estimate for CleanSpark at $30.00. However, recent price targets in the roughly $22.00 to $30.00 range reflect mixed views on near term profitability and P/E compression, as well as growing interest in the company’s expansion into high performance computing and AI data centers.Major Estimate Revision • Jan 07Consensus EPS estimates fall by 16%The consensus outlook for earnings per share (EPS) in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from US$867.7m to US$854.7m. EPS estimate also fell from US$0.87 per share to US$0.727 per share. Net income forecast to shrink 39% next year vs 20% growth forecast for Software industry in the US . Consensus price target of US$23.27 unchanged from last update. Share price rose 18% to US$11.95 over the past week.Valuation Update With 7 Day Price Move • Jan 06Investor sentiment improves as stock rises 18%After last week's 18% share price gain to US$12.30, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 15x in the Software industry in the US. Total returns to shareholders of 402% over the past three years.ナラティブの更新 • Jan 04CLSK: Texas AI Data Center Expansion Will Drive Future EBITDA UpsideAnalysts have lifted their CleanSpark fair value estimate to $30 from $25, citing the company’s accelerating push into high-performance computing and AI data centers, growing contracted power capacity, and expectations for stronger, more diversified EBITDA from new HPC tenants, despite recent peer multiple compression. Analyst Commentary Bullish analysts acknowledge recent trims to near term price targets but continue to frame CleanSpark as a structural winner in the transition from pure play Bitcoin mining to a blended model that includes high performance computing and AI data centers.Board Change • Jan 02Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 2 highly experienced directors. Independent Director Amanda Cavaleri was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.分析記事 • Dec 28Slammed 28% CleanSpark, Inc. (NASDAQ:CLSK) Screens Well Here But There Might Be A CatchCleanSpark, Inc. ( NASDAQ:CLSK ) shareholders that were waiting for something to happen have been dealt a blow with a...Recent Insider Transactions • Dec 26Independent Director recently sold US$997k worth of stockOn the 23rd of December, Thomas Wood sold around 85k shares on-market at roughly US$11.69 per share. This transaction amounted to 46% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$2.6m more than they bought in the last 12 months.ナラティブの更新 • Dec 18CLSK: Expansion Into AI And HPC Data Centers Will Drive Future UpsideThe analyst price target for CleanSpark has been modestly reduced, with the consensus implied fair value edging down by about $0.31 to roughly $14.69. Analysts are factoring in lower expected profitability and sector multiple compression, partially offset by stronger long term revenue growth expectations tied to the company’s expansion into HPC and AI data centers.Valuation Update With 7 Day Price Move • Dec 16Investor sentiment deteriorates as stock falls 20%After last week's 20% share price decline to US$11.91, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 15x in the Software industry in the US. Total returns to shareholders of 524% over the past three years.Recent Insider Transactions • Dec 08Independent Director recently sold US$367k worth of stockOn the 4th of December, Amanda Cavaleri sold around 24k shares on-market at roughly US$15.02 per share. This transaction amounted to 19% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$1.6m more than they bought in the last 12 months.New Risk • Dec 07New minor risk - Insider sellingThere has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: US$82k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 0.09% per year for the foreseeable future. High level of non-cash earnings (41% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (15% average weekly change). Significant insider selling over the past 3 months (US$82k sold).ナラティブの更新 • Dec 04CLSK: Texas AI Data Center Campus Will Unlock Billions In Shareholder ValueCleanSpark's analyst price target has been trimmed modestly, with the updated fair value estimate edging down by about $1 per share as analysts balance softer peer multiples and higher near term spending against accelerating high performance computing and AI data center growth prospects. Analyst Commentary Street research on CleanSpark reflects a generally constructive outlook on the company’s transition toward high performance computing and AI data centers, even as near term spending and sector multiple compression lead to some modest target reductions.Major Estimate Revision • Dec 02Consensus revenue estimates fall by 15%The consensus outlook for revenues in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from US$1.03b to US$876.5m. EPS estimate fell from US$1.33 to US$0.833 per share. Net income forecast to shrink 33% next year vs 21% growth forecast for Software industry in the US . Consensus price target down from US$23.98 to US$23.16. Share price rose 23% to US$14.08 over the past week.Reported Earnings • Nov 26Full year 2025 earnings: EPS and revenues miss analyst expectationsFull year 2025 results: EPS: US$1.25 (up from US$0.69 loss in FY 2024). Revenue: US$766.3m (up 102% from FY 2024). Net income: US$353.3m (up US$502.5m from FY 2024). Profit margin: 46% (up from net loss in FY 2024). The move to profitability was primarily driven by higher revenue. Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) also missed analyst estimates by 28%. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Software industry in the US. Over the last 3 years on average, earnings per share has increased by 82% per year whereas the company’s share price has increased by 81% per year.ナラティブの更新 • Nov 20CLSK: Texas Data Center Expansion Will Unlock Billions In Shareholder Value By 2027CleanSpark's analyst price target decreased modestly by $0.09 to approximately $23.98. Analysts cite slightly reduced profit margin and revenue growth expectations, despite the company's ongoing progress in high-performance computing and AI data center initiatives.Valuation Update With 7 Day Price Move • Nov 19Investor sentiment deteriorates as stock falls 23%After last week's 23% share price decline to US$10.80, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 10x in the Software industry in the US. Total returns to shareholders of 402% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$5.11 per share.New Risk • Nov 09New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 13% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 13% per year for the foreseeable future. High level of non-cash earnings (41% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (12% average weekly change).ナラティブの更新 • Nov 05CLSK: Texas Expansion Will Unlock Major Shareholder Value By 2027CleanSpark's fair value estimate has increased from $22.34 to $24.07 per share. Analysts cite recent strategic expansions into AI and high-performance computing data centers as key drivers behind the raised price target.Valuation Update With 7 Day Price Move • Nov 04Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to US$16.23, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 9x in the Software industry in the US. Total returns to shareholders of 456% over the past three years.New Risk • Nov 03New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 2.0% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 2.0% per year for the foreseeable future. High level of non-cash earnings (41% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (12% average weekly change).分析記事 • Oct 28CleanSpark, Inc.'s (NASDAQ:CLSK) P/S Is Still On The Mark Following 56% Share Price BounceCleanSpark, Inc. ( NASDAQ:CLSK ) shares have continued their recent momentum with a 56% gain in the last month alone...ナラティブの更新 • Oct 22Analysts Boost CleanSpark Price Target Highlighting Growth Catalysts and Improved Profit OutlookCleanSpark's analyst price target has been raised from $20.16 to $22.34, reflecting increased expectations for revenue growth and profit margins. Analysts cite expanding high performance computing initiatives and site visits confirming strategic execution.お知らせ • Oct 21CleanSpark, Inc. Appoints Jeffrey Thomas as Senior Vice President of AI Data CentersCleanSpark, Inc. announced the appointment of Jeffrey Thomas as Senior Vice President of AI Data Centers. Thomas brings over four decades of global experience in emerging technologies and data center infrastructure development as CleanSpark positions itself for its next phase of growth. As Senior Vice President of AI Data Centers, Mr. Thomas will lead CleanSpark's strategy to expand beyond bitcoin mining by developing and operating advanced AI data center infrastructure. This strategic evolution will diversify the Company's revenue streams, strengthen long-term cash flow potential, and enhance its ability to serve the world's leading technology companies. Mr. Thomas is a globally recognized entrepreneur, advisor, and executive with extensive leadership experience spanning the United Kingdom, United States, Europe, Africa, and the Middle East. Over his career, he has led or participated in 19 ventures that have created more than $12 billion in shareholder value. Thomas joins CleanSpark from his role as President of AI Data Centres at Humain, where he spearheaded the Kingdom of Saudi Arabia's multi-billion AI data center program, assembling world-class teams, building strategic partnerships with hyperscalers and global technology firms, and advanced sovereign compute initiatives. CleanSpark's expansion into AI data center infrastructure builds on its proven, vertically integrated "infrastructure-first" model, leveraging large-scale bitcoin mining expertise to unlock value across its land and power portfolio. The Company's strong track record in rapid site development positions it to capitalize on accelerating demand for digital infrastructure driven by the rise of AI and compute-intensive applications.New Risk • Oct 16New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (41% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (11% average weekly change).Price Target Changed • Oct 13Price target increased by 7.7% to US$21.61Up from US$20.07, the current price target is an average from 11 analysts. New target price is 7.9% above last closing price of US$20.04. Stock is up 85% over the past year. The company is forecast to post earnings per share of US$1.54 next year compared to a net loss per share of US$0.69 last year.ナラティブの更新 • Oct 08Efficient Bitcoin Mining Will Expand Under Supportive Policy Amid VolatilityAnalysts recently updated their price targets for CleanSpark, with a mixed outlook as some raised targets as high as $25 while others lowered them to $14. This reflects evolving views on bitcoin mining profitability and the need for greater clarity around high performance compute initiatives.Valuation Update With 7 Day Price Move • Oct 03Investor sentiment improves as stock rises 17%After last week's 17% share price gain to US$15.14, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 12x in the Software industry in the US. Total returns to shareholders of 401% over the past three years.Valuation Update With 7 Day Price Move • Sep 16Investor sentiment improves as stock rises 16%After last week's 16% share price gain to US$11.20, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 12x in the Software industry in the US. Total returns to shareholders of 232% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$11.78 per share.Recent Insider Transactions Derivative • Sep 10CEO & Chairman notifies of intention to sell stockS. Schultz intends to sell 190k shares in the next 90 days after lodging an Intent To Sell Form on the 10th of September. If the sale is conducted around the recent share price of US$9.17, it would amount to US$1.7m. For the year to September 2018, Schultz's total compensation was 5% salary and 95% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since September 2024, Schultz's direct individual holding has decreased from 2.73m shares to 2.36m. Company insiders have collectively sold US$1.4m more than they bought, via options and on-market transactions in the last 12 months.お知らせ • Sep 08Cleanspark, Inc. Announces Executive Changes, Effective September 4, 2025CleanSpark, Inc. announced that on September 8, 2025, the Company announced that effective September 4, 2025, the Company’s Board of Directors approved the following changes to executive titles: Gary A. Vecchiarelli has been named President, while continuing to serve as Chief Financial Officer. In this expanded leadership role, Gary will support the CEO by overseeing financial strategy, treasury operations, capital markets activities, and legal & compliance, while also driving organizational execution, operational excellence, and cross-functional alignment as President. Scott Garrison will now serve as Chief Development Officer and Executive Vice President, and oversee infrastructure expansion, corporate development, business operations, and government affairs. Scott previously served as chief operating officer and this transition reflects an expanded focus on growth of power infrastructure, as well as strategic datacenter development. Taylor Monnig has been named Chief Operating Officer, in addition to his existing chief technology officer role. This dual role will focus on operational excellence in bitcoin mining, energy optimization, and corporate functions, while driving innovation in software, hardware, and digital asset technology. Prior to CleanSpark, Taylor was issued a number of data center patents and won an Intel Innovation award as part of the OTTO HPC platform. Harry Sudock, formerly senior vice president, was appointed Chief Business Officer and will oversee investor relations and strategic communications, provide sector leadership, and play a key role in the development and implementation of the broader corporate strategy.Buy Or Sell Opportunity • Sep 04Now 22% undervalued after recent price dropOver the last 90 days, the stock has fallen 7.3% to US$9.08. The fair value is estimated to be US$11.71, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 60% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 79% in 2 years. Earnings are forecast to grow by 13% in the next 2 years.分析記事 • Aug 22It's Down 27% But CleanSpark, Inc. (NASDAQ:CLSK) Could Be Riskier Than It LooksCleanSpark, Inc. ( NASDAQ:CLSK ) shareholders won't be pleased to see that the share price has had a very rough month...Buy Or Sell Opportunity • Aug 19Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 7.4% to US$9.36. The fair value is estimated to be US$11.72, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 60% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 80% in 2 years. Earnings are forecast to grow by 14% in the next 2 years.分析記事 • Aug 14We Believe CleanSpark's (NASDAQ:CLSK) Earnings Are A Poor Guide For Its ProfitabilityStrong earnings weren't enough to please CleanSpark, Inc.'s ( NASDAQ:CLSK ) shareholders over the last week. We did...New Risk • Aug 11New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 2.9% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 2.9% per year for the foreseeable future. High level of non-cash earnings (41% accrual ratio). Minor Risk Significant insider selling over the past 3 months (US$525k sold).お知らせ • Aug 11+ 1 more updateCleanSpark, Inc. Announces CEO ChangesCleanSpark, Inc. has named Matt Schultz, co-founder, executive chairman and former CEO of CleanSpark as CEO, effective August 11, 2025 following the resignation of Zachary Bradford as chief executive officer and director of the Company. Schultz founded CleanSpark and previously served as CEO and is currently Executive Chairman. He originally led the Company's growth in the energy sector and was instrumental in raising billions in capital to fuel the growth of the Company's bitcoin mining business. His leadership has been critical in making CleanSpark one of the large and most recognizable bitcoin mining companies in North America.Reported Earnings • Aug 10Third quarter 2025 earnings: EPS exceeds analyst expectationsThird quarter 2025 results: EPS: US$0.90 (up from US$1.03 loss in 3Q 2024). Revenue: US$198.6m (up 91% from 3Q 2024). Net income: US$251.8m (up US$488.0m from 3Q 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 57%. Revenue is forecast to grow 29% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Software industry in the US. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth.Breakeven Date Change • Aug 08The 12 analysts covering CleanSpark previously expected the company to break even in 2025. New consensus forecast suggests the company will make a profit of US$231.9m in 2025. Earnings growth of 32% is required to achieve expected profit on schedule.Buy Or Sell Opportunity • Aug 01Now 20% undervaluedOver the last 90 days, the stock has risen 19% to US$10.44. The fair value is estimated to be US$13.12, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 57% over the last 3 years. Meanwhile, the company became loss making.分析記事 • Jul 30Calculating The Fair Value Of CleanSpark, Inc. (NASDAQ:CLSK)Key Insights The projected fair value for CleanSpark is US$13.17 based on 2 Stage Free Cash Flow to Equity Current...分析記事 • Jul 01CleanSpark, Inc.'s (NASDAQ:CLSK) Shares Leap 28% Yet They're Still Not Telling The Full StoryCleanSpark, Inc. ( NASDAQ:CLSK ) shares have continued their recent momentum with a 28% gain in the last month alone...お知らせ • Jun 30+ 3 more updatesCleanSpark, Inc.(NasdaqCM:CLSK) dropped from Russell 3000 Growth IndexCleanSpark, Inc.(NasdaqCM:CLSK) dropped from Russell 3000 Growth IndexRecent Insider Transactions • May 23Independent Director recently sold US$525k worth of stockOn the 21st of May, Roger Beynon sold around 50k shares on-market at roughly US$10.51 per share. This transaction amounted to 32% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$1.3m more than they bought in the last 12 months.New Risk • May 09New minor risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow. Free cash flow: -US$489m This is considered a minor risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Minor Risks Less than 1 year of cash runway based on current free cash flow (-US$489m). Share price has been volatile over the past 3 months (14% average weekly change). Shareholders have been diluted in the past year (23% increase in shares outstanding). Significant insider selling over the past 3 months (US$693k sold).分析記事 • Apr 27CleanSpark, Inc.'s (NASDAQ:CLSK) Shares Leap 25% Yet They're Still Not Telling The Full StoryThose holding CleanSpark, Inc. ( NASDAQ:CLSK ) shares would be relieved that the share price has rebounded 25% in the...Valuation Update With 7 Day Price Move • Apr 22Investor sentiment improves as stock rises 20%After last week's 20% share price gain to US$8.77, the stock trades at a forward P/E ratio of 7x. Average trailing P/E is 30x in the Software industry in the US. Total returns to shareholders of 25% over the past three years.新しいナラティブ • Apr 22Energy Expansion And 50 Exahash Bitcoin Mining Will Expand Capabilities Strategic expansion in energy-rich states and focus on scaling aims to boost Bitcoin production and future revenue growth.Recent Insider Transactions • Mar 26Independent Director recently sold US$357k worth of stockOn the 24th of March, Thomas Wood sold around 44k shares on-market at roughly US$8.04 per share. This transaction amounted to 23% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$9.3m more than they bought in the last 12 months.Recent Insider Transactions Derivative • Mar 25Independent Director notifies of intention to sell stockThomas Wood intends to sell 44k shares in the next 90 days after lodging an Intent To Sell Form on the 24th of March. If the sale is conducted around the recent share price of US$8.04, it would amount to US$357k. Since September 2024, Thomas' direct individual holding has increased from 184.12k shares to 197.25k. Company insiders have collectively sold US$8.9m more than they bought, via options and on-market transactions in the last 12 months.Price Target Changed • Mar 20Price target decreased by 13% to US$19.25Down from US$22.00, the current price target is an average from 8 analysts. New target price is 148% above last closing price of US$7.75. Stock is down 63% over the past year. The company is forecast to post earnings per share of US$1.03 next year compared to a net loss per share of US$0.69 last year.分析記事 • Mar 04Not Many Are Piling Into CleanSpark, Inc. (NASDAQ:CLSK) Stock Yet As It Plummets 25%Unfortunately for some shareholders, the CleanSpark, Inc. ( NASDAQ:CLSK ) share price has dived 25% in the last thirty...お知らせ • Jan 23CleanSpark, Inc., Annual General Meeting, Mar 03, 2025CleanSpark, Inc., Annual General Meeting, Mar 03, 2025.お知らせ • Dec 03CleanSpark, Inc. announced delayed annual 10-K filingOn 12/02/2024, CleanSpark, Inc. announced that they will be unable to file their next 10-K by the deadline required by the SEC.お知らせ • Nov 30CleanSpark, Inc. to Report Fiscal Year 2024 Results on Dec 02, 2024CleanSpark, Inc. announced that they will report fiscal year 2024 results on Dec 02, 2024お知らせ • Nov 01CleanSpark, 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) entered into an agreement to acquire Griid Infrastructure Inc. (NEOE:GRDI) from Griid Holdco LLC, Adit Edtech Sponsor, LLC, Blockchain Capital Solutions (US), Inc. and others for approximately $82.2 million on June 26, 2024. The total enterprise value, including payment and assumption of debt, of the transaction is $155 million. Concurrent with the signing of the merger agreement, the companies also entered into an exclusive hosting agreement for all currently available power, of which 20 MW will be allocated to CleanSpark effective immediately. CleanSpark also provided GRIID with a $5 million dollar working capital loan and a pay-down bridge loan of approximately $50.9 million that was used to satisfy certain obligations of GRIID at signing. Termination by CleanSpark because GRIID, its subsidiaries or any of its directors or officers materially breached its non-solicitation obligations, GRIID would be required to pay CleanSpark a termination fee of $1.5 million. The transaction is subject to approval of offer by acquirer shareholders. The deal has been unanimously approved by the board. The GRIID board established a special committee of independent directors (the “GRIID special committee”), and appointed Sharmila Kassam and Cristina Dolan to serve as members of the GRIID special committee, with Kassam serving as chair. The expected completion of the transaction is July 1, 2024 to September 30, 2024. As of July 3, 2024 the expected to close before the end of September. The CleanSpark anticipates the completion of the acquisition of GRIID Infrastructure Inc. will occur before October month's end. As on October 28, 2024 the transaction has been approved by Griid Infrastructure shareholders. Christopher J. Bellini and Joseph C. Bedwick of Cozen O'Connor acted as legal advisor and due diligence provider for CleanSpark, Inc. Patrick B. Costello of Troutman Pepper Hamilton Sanders LLP acted as legal advisor for Griid Infrastructure Inc. Lincoln International LLC is serving as financial advisor as well as fairness opinion advisor to Griid. Lincoln International LLC and Troutman Pepper Hamilton Sanders LLP acted as due diligence providers for Griid. Lincoln will receive a fee in the amount of $300,000 for its services. Continental Stock Transfer & Trust Company acted as transfer agent to GRIID. Securities Transfer Corporation is the transfer agent and registrar for CleanSpark common stock. Continental Stock Transfer & Trust Company acted as transfer agent to GRIID. 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 on October 30, 2024. In connection with the closing of the transaction, GRIID has requested that Nasdaq suspend trading of the GRIID common stock and GRIID public warrants on Nasdaq prior to the opening of trading on October 31, 2024. The shares of GRIID common stock are expected to be delisted from Cboe Canada at the end of the day on October 31, 2024.お知らせ • Oct 07Cleanspark Inc. Announces Normal Operations Resumption After 365 Mw of Power Was Shut Down in the Wake of Hurricane HeleneCleanSpark Inc. announced normal operations have resumed after 365 MW of power was shut down in the wake of Hurricane Helene. The Company's hashrate has since reached 28.7 EH/s.Seeking Alpha • Oct 02CleanSpark's Summer Buying SpreeSummary CleanSpark has shown significant growth through mergers and acquisitions, aiming for 37 EH/s by year-end and 50 EH/s by 2025. Shareholder dilution remains a major concern, with a 564% increase in shares outstanding over three years, raising questions about long-term benefits. Despite recent underperformance and a breakeven Bitcoin price of $73k in Q2, CleanSpark's ability to raise capital provides financial flexibility. Upgraded to "buy" due to potential capitulation and a possible BTC price run, but caution is advised until more corporate performance data is available. Read the full article on Seeking AlphaNew Risk • Sep 17New minor risk - ProfitabilityThe company is currently unprofitable and not forecast to become profitable over the next 2 years. Trailing 12-month net loss: US$156m Forecast net loss in 2 years: US$1.3m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (66% increase in shares outstanding). Minor Risks Less than 1 year of cash runway based on current free cash flow (-US$271m). Currently unprofitable and not forecast to become profitable over next 2 years (US$1.3m net loss in 2 years). Share price has been volatile over the past 3 months (13% average weekly change).Recent Insider Transactions Derivative • Sep 16Executive Chairman exercised options and sold US$1.6m worth of stockOn the 12th of September, S. Schultz exercised options to acquire 178k shares at no cost and sold these for an average price of US$9.25 per share. This trade did not impact their existing holding. Since September 2023, Schultz's direct individual holding has increased from 1.87m shares to 2.01m. Company insiders have collectively sold US$52m more than they bought, via options and on-market transactions in the last 12 months.Major Estimate Revision • Sep 04Consensus EPS estimates fall by 97%The consensus outlook for fiscal year 2024 has been updated. 2024 expected loss increased from -US$0.022 to -US$0.044 per share. Revenue forecast unchanged at US$386.0m. Software industry in the US expected to see average net income growth of 16% next year. Consensus price target of US$23.08 unchanged from last update. Share price fell 21% to US$9.02 over the past week.Major Estimate Revision • Aug 26Consensus EPS estimates fall from profit to US$0.022 loss, revenue upgradedThe consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from US$384.3m to US$388.5m. Now expected to report loss of -US$0.022 instead of US$0.144 per share profit. Software industry in the US expected to see average net income growth of 17% next year. Consensus price target broadly unchanged at US$23.08. Share price was steady at US$12.16 over the past week.Major Estimate Revision • Aug 24Consensus EPS estimates fall from profit to US$0.022 loss, revenue upgradedThe consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from US$384.3m to US$388.5m. Now expected to report loss of -US$0.022 instead of US$0.144 per share profit. Software industry in the US expected to see average net income growth of 16% next year. Consensus price target broadly unchanged at US$23.08. Share price rose 6.5% to US$12.61 over the past week.New Risk • Aug 23New minor risk - ProfitabilityThe company is currently unprofitable and not forecast to become profitable over the next 2 years. Trailing 12-month net loss: US$156m Forecast net loss in 2 years: US$1.3m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (63% increase in shares outstanding). Minor Risks Less than 1 year of cash runway based on current free cash flow (-US$271m). Currently unprofitable and not forecast to become profitable over next 2 years (US$1.3m net loss in 2 years). Share price has been volatile over the past 3 months (12% average weekly change).分析記事 • Aug 18CleanSpark, Inc.'s (NASDAQ:CLSK) Stock Retreats 34% But Revenues Haven't Escaped The Attention Of InvestorsCleanSpark, Inc. ( NASDAQ:CLSK ) shareholders that were waiting for something to happen have been dealt a blow with a...Breakeven Date Change • Aug 13Forecast breakeven date pushed back to 2026The 5 analysts covering CleanSpark previously expected the company to break even in 2024. New consensus forecast suggests losses will reduce by 69% per year to 2025. The company is expected to make a profit of US$22.6m in 2026. Average annual earnings growth of 109% is required to achieve expected profit on schedule.お知らせ • Aug 12CleanSpark, Inc. Reports Impairment Expenses - Fixed Assets for the Third Quarter Ended June 30, 2024CleanSpark, Inc. reported Impairment expense - fixed assets for the third quarter ended June 30, 2024. For the quarter, the company reported Impairment expense - fixed assets of $189,235,000.New Risk • Aug 11New minor risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow. Free cash flow: -US$208m This is considered a minor risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (54% increase in shares outstanding). Minor Risks Less than 1 year of cash runway based on current free cash flow (-US$208m). Share price has been volatile over the past 3 months (13% average weekly change).Reported Earnings • Aug 11Third quarter 2024 earnings: EPS and revenues miss analyst expectationsThird quarter 2024 results: US$1.00 loss per share (further deteriorated from US$0.12 loss in 3Q 2023). Revenue: US$104.1m (up 129% from 3Q 2023). Net loss: US$236.2m (loss widened US$222.1m from 3Q 2023). Revenue missed analyst estimates by 6.4%. Earnings per share (EPS) also missed analyst estimates significantly. Revenue is forecast to grow 38% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Software industry in the US. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings.Valuation Update With 7 Day Price Move • Aug 02Investor sentiment deteriorates as stock falls 21%After last week's 21% share price decline to US$13.48, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 8x in the Software industry in the US. Total loss to shareholders of 1.5% over the past three years.お知らせ • Aug 01CleanSpark, Inc. to Report Q3, 2024 Results on Aug 08, 2024CleanSpark, Inc. announced that they will report Q3, 2024 results at 4:00 PM, US Eastern Standard Time on Aug 08, 2024Valuation Update With 7 Day Price Move • Jul 15Investor sentiment improves as stock rises 19%After last week's 19% share price gain to US$18.30, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 8x in the Software industry in the US. Total returns to shareholders of 42% over the past three years.分析記事 • Jul 04CleanSpark, Inc.'s (NASDAQ:CLSK) Price In Tune With RevenuesCleanSpark, Inc.'s ( NASDAQ:CLSK ) price-to-sales (or "P/S") ratio of 13.2x might make it look like a strong sell right...財務状況分析短期負債: CLSKの 短期資産 ( $1.1B ) が 短期負債 ( $133.1M ) を超えています。長期負債: CLSKの短期資産 ( $1.1B ) は 長期負債 ( $1.8B ) をカバーしていません。デット・ツー・エクイティの歴史と分析負債レベル: CLSKの 純負債対資本比率 ( 155.2% ) は 高い と見なされます。負債の削減: CLSKの負債対資本比率は、過去 5 年間で0%から181.6%に増加しました。貸借対照表キャッシュ・ランウェイ分析過去に平均して赤字であった企業については、少なくとも1年間のキャッシュ・ランウェイがあるかどうかを評価する。安定したキャッシュランウェイ: CLSKは、現在の フリーキャッシュフロー に基づくと、キャッシュランウェイ が 1 年未満です。キャッシュランウェイの予測: CLSKは、フリーキャッシュフローが毎年49.8 % の歴史的率で減少し続ける場合、キャッシュランウェイが 1 年未満になります。健全な企業の発掘7D1Y7D1Y7D1YSoftware 業界の健全な企業。View Dividend企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/14 04:26終値2026/05/14 00:00収益2026/03/31年間収益2025/09/30データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋CleanSpark, Inc. 11 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。13 アナリスト機関Gautam ChhuganiBernsteinNicholas GilesB. Riley Securities, Inc.Gregory LewisBTIG10 その他のアナリストを表示
お知らせ • Dec 03CleanSpark, Inc. announced delayed annual 10-K filingOn 12/02/2024, CleanSpark, Inc. announced that they will be unable to file their next 10-K by the deadline required by the SEC.
Reported Earnings • May 12Second quarter 2026 earnings: EPS and revenues miss analyst expectationsSecond quarter 2026 results: US$1.53 loss per share (further deteriorated from US$0.49 loss in 2Q 2025). Revenue: US$136.4m (down 25% from 2Q 2025). Net loss: US$408.3m (loss widened 194% from 2Q 2025). Revenue missed analyst estimates by 2.5%. Earnings per share (EPS) also missed analyst estimates by 112%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Software industry in the US. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has increased by 46% per year, which means it is tracking significantly ahead of earnings growth.
ライブニュース • May 12CleanSpark Expands AI Hosting Capabilities as Bitcoin Mining Operations Grow and Losses MountCleanSpark produced 658 BTC in March 2026 and reported an operational hashrate of 50 EH/s, supported by 1.8 gigawatts of contracted power capacity. The company acquired a second Texas data center campus with 300 megawatts of power capacity and secured ERCOT approval that supports development of AI and high-performance computing facilities. Management is pivoting from a pure Bitcoin mining focus toward hosting AI/HPC workloads, pursuing long-duration leases and reporting advanced talks with an investment-grade hyperscaler, while also recording a second-quarter net loss that included a US$224m Bitcoin impairment. The key story here is CleanSpark using its Bitcoin mining footprint and power contracts to build a broader digital infrastructure platform focused on AI and HPC hosting. For investors, the main trade-off to weigh is the potential demand for AI compute capacity against the execution risk of a large build-out and the impact of Bitcoin price swings, which have already affected earnings via the impairment charge.
ナラティブの更新 • May 12CLSK: Preferred Payout And Margin Assumptions Will Support Future Cash Flow UpsideCleanSpark's analyst price target edges up by about $0.08 to roughly $19.29 as analysts factor in slightly improved profit margin assumptions, a modest adjustment to the discount rate, and a lower projected future P/E multiple in their updated models. Analyst Commentary Recent research on CleanSpark reflects a mix of optimism around execution and capital allocation, alongside caution around valuation assumptions and earnings visibility.
Major Estimate Revision • Apr 28Consensus EPS estimates fall by 10%The consensus outlook for earnings per share (EPS) in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from US$676.5m to US$652.1m. Losses expected to increase from US$2.28 per share to US$2.51. Software industry in the US expected to see average net income growth of 24% next year. Consensus price target of US$19.21 unchanged from last update. Share price rose 2.5% to US$11.80 over the past week.
ナラティブの更新 • Apr 28CLSK: Preferred Payout Structure Will Support Future Cash Flow UpsideAnalysts have trimmed CleanSpark's average price target slightly, with the fair value estimate moving from about $19.38 to $19.21. This reflects recent target cuts of around $3 to $9 as they factor in updated assumptions on discount rates, revenue growth and profit margins.
New Risk • Apr 27New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 1.8% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$842m free cash flow). Earnings are forecast to decline by an average of 1.8% per year for the foreseeable future. Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (US$338m net loss in 2 years). Share price has been volatile over the past 3 months (13% average weekly change).
ナラティブの更新 • Apr 13CLSK: Texas AI Data Hub Will Support Future Cash Flow UpsideAnalysts have reduced their price expectations for CleanSpark, reflected in a lower fair value estimate from about $23.16 to $19.38. This follows updates to assumptions for revenue growth, profit margins and future P/E multiples after a series of recent target cuts, alongside supportive commentary on the company's BTC mining scale and expansion into high performance computing and AI datacenters.
ナラティブの更新 • Mar 30CLSK: Power Secured AI Data Center Expansion Will Drive Future UpsideAnalysts kept their average CleanSpark price target steady at $14.00, making modest adjustments to discount rate, growth, and margin inputs as they weigh recent target cuts from several firms against new Buy and Outperform initiations that emphasize the company's power capacity and AI data center expansion plans. Analyst Commentary Recent research on CleanSpark highlights a split view, with some firms initiating positive coverage around the company’s power capacity and AI data center ambitions, while others are reworking their models and trimming targets.
New Risk • Mar 29New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -US$842m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risk Less than 1 year of cash runway based on free cash flow trend (-US$842m free cash flow). Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (US$273m net loss in 2 years). Share price has been volatile over the past 3 months (14% average weekly change).
ナラティブの更新 • Mar 16CLSK: Texas Power Capacity Will Support Future AI And HPC LeasingCleanSpark's updated analyst narrative keeps fair value unchanged at $26.00, with the modest price target reductions across the Street tied more to higher discount rates and sector multiples than to any shift in analysts' views on the company's revenue growth, profit margin profile, or future P/E assumptions. Analyst Commentary Recent Street research on CleanSpark points to a mix of recalibrated price targets and fresh coverage, with most of the detailed commentary emphasizing the company’s execution on power capacity and its push into high performance computing and AI data centers.
Seeking Alpha • Mar 11CleanSpark: 1.8 GW Of Power And An Asymmetric Buying OpportunitySummary CleanSpark (CLSK) is pivoting from pure crypto mining to a diversified model including high-performance computing (HPC)/AI data centers. CLSK’s 1.8 GW contracted grid capacity and potential gas power generation provide a pricing moat and partial insulation from rising grid fees. Valuation analysis suggests the market undervalues CLSK’s data center pipeline, pricing it at less than 1x forward sales based on peer rates. I issue a 'Strong Buy' rating, citing asymmetric upside from data center momentum and BTC recovery, with key risks in BTC price and execution. Read the full article on Seeking Alpha
ナラティブの更新 • Mar 02CLSK: Texas Power Capacity Will Drive Future AI And HPC LeasingAnalysts have trimmed their CleanSpark fair value estimate from $30.00 to $26.00, reflecting updated assumptions for a higher discount rate, more moderate revenue growth and profit margins, and a higher future P/E multiple, even as recent research still points to opportunity in Bitcoin mining and AI data center expansion. Analyst Commentary Recent Street research on CleanSpark shows a mix of trimmed price targets and fresh, positive coverage, with several bullish analysts still highlighting upside potential tied to execution in Bitcoin mining and the buildout of AI and high performance computing, or HPC, infrastructure.
Recent Insider Transactions Derivative • Feb 20CEO & Chairman notifies of intention to sell stockS. Schultz intends to sell 104k shares in the next 90 days after lodging an Intent To Sell Form on the 18th of February. If the sale is conducted around the recent share price of US$9.28, it would amount to US$966k. For the year to September 2019, Schultz's total compensation was 2% salary and 98% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since June 2025, Schultz's direct individual holding has increased from 2.35m shares to 2.84m. Company insiders have collectively sold US$7.0m more than they bought, via options and on-market transactions in the last 12 months.
ナラティブの更新 • Feb 16CLSK: Power Secured AI And HPC Buildout Will Drive Future UpsideAnalysts have trimmed their CleanSpark fair value estimate from about $14.69 to $14.00, reflecting lower revenue growth assumptions, a higher discount rate, and a reset future P/E multiple, despite continued interest in the company’s high performance computing and AI data center expansion. Analyst Commentary Recent research has featured a mix of enthusiasm for CleanSpark's AI and high performance computing buildout alongside a series of trimmed price targets that highlight execution and valuation risks.
分析記事 • Feb 13Some Confidence Is Lacking In CleanSpark, Inc. (NASDAQ:CLSK) As Shares Slide 26%CleanSpark, Inc. ( NASDAQ:CLSK ) shareholders won't be pleased to see that the share price has had a very rough month...
Price Target Changed • Feb 06Price target decreased by 9.5% to US$20.92Down from US$23.12, the current price target is an average from 13 analysts. New target price is 108% above last closing price of US$10.08. Stock is down 11% over the past year. The company is forecast to post a net loss per share of US$3.37 compared to earnings per share of US$1.25 last year.
Major Estimate Revision • Feb 06Consensus revenue estimates decrease by 19%, EPS upgradedThe consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast fell from US$805.8m to US$656.0m. EPS estimate increased from -US$0.431 to -US$0.411 per share. Software industry in the US expected to see average net income growth of 19% next year. Consensus price target of US$23.08 unchanged from last update. Share price fell 34% to US$8.27 over the past week.
Valuation Update With 7 Day Price Move • Feb 04Investor sentiment deteriorates as stock falls 24%After last week's 24% share price decline to US$10.22, the stock trades at a trailing P/E ratio of 7.4x. Average forward P/E is 13x in the Software industry in the US. Total returns to shareholders of 199% over the past three years.
ナラティブの更新 • Feb 02CLSK: Texas Power Footprint Will Support Future AI Data Center LeasingAnalysts have made a modest downward adjustment to their CleanSpark price targets, trimming several estimates by around $0.50 to $3.00 as they factor in mixed sector multiples along with growing interest in the company's high performance computing and AI data center expansion. Analyst Commentary Across recent research, several bullish analysts remain constructive on CleanSpark even as some targets are trimmed to reflect sector multiples and higher spending tied to the company’s pivot into high performance computing and AI data centers.
お知らせ • Jan 23CleanSpark, Inc., Annual General Meeting, Mar 03, 2026CleanSpark, Inc., Annual General Meeting, Mar 03, 2026. Location: wwww.proxydocs.corn/clsk, United States
ナラティブの更新 • Jan 19CLSK: Texas AI Power Capacity Will Drive Future HPC Leasing UpsideAnalysts maintained their average fair value estimate for CleanSpark at $30.00. However, recent price targets in the roughly $22.00 to $30.00 range reflect mixed views on near term profitability and P/E compression, as well as growing interest in the company’s expansion into high performance computing and AI data centers.
Major Estimate Revision • Jan 07Consensus EPS estimates fall by 16%The consensus outlook for earnings per share (EPS) in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from US$867.7m to US$854.7m. EPS estimate also fell from US$0.87 per share to US$0.727 per share. Net income forecast to shrink 39% next year vs 20% growth forecast for Software industry in the US . Consensus price target of US$23.27 unchanged from last update. Share price rose 18% to US$11.95 over the past week.
Valuation Update With 7 Day Price Move • Jan 06Investor sentiment improves as stock rises 18%After last week's 18% share price gain to US$12.30, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 15x in the Software industry in the US. Total returns to shareholders of 402% over the past three years.
ナラティブの更新 • Jan 04CLSK: Texas AI Data Center Expansion Will Drive Future EBITDA UpsideAnalysts have lifted their CleanSpark fair value estimate to $30 from $25, citing the company’s accelerating push into high-performance computing and AI data centers, growing contracted power capacity, and expectations for stronger, more diversified EBITDA from new HPC tenants, despite recent peer multiple compression. Analyst Commentary Bullish analysts acknowledge recent trims to near term price targets but continue to frame CleanSpark as a structural winner in the transition from pure play Bitcoin mining to a blended model that includes high performance computing and AI data centers.
Board Change • Jan 02Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 2 highly experienced directors. Independent Director Amanda Cavaleri was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
分析記事 • Dec 28Slammed 28% CleanSpark, Inc. (NASDAQ:CLSK) Screens Well Here But There Might Be A CatchCleanSpark, Inc. ( NASDAQ:CLSK ) shareholders that were waiting for something to happen have been dealt a blow with a...
Recent Insider Transactions • Dec 26Independent Director recently sold US$997k worth of stockOn the 23rd of December, Thomas Wood sold around 85k shares on-market at roughly US$11.69 per share. This transaction amounted to 46% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$2.6m more than they bought in the last 12 months.
ナラティブの更新 • Dec 18CLSK: Expansion Into AI And HPC Data Centers Will Drive Future UpsideThe analyst price target for CleanSpark has been modestly reduced, with the consensus implied fair value edging down by about $0.31 to roughly $14.69. Analysts are factoring in lower expected profitability and sector multiple compression, partially offset by stronger long term revenue growth expectations tied to the company’s expansion into HPC and AI data centers.
Valuation Update With 7 Day Price Move • Dec 16Investor sentiment deteriorates as stock falls 20%After last week's 20% share price decline to US$11.91, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 15x in the Software industry in the US. Total returns to shareholders of 524% over the past three years.
Recent Insider Transactions • Dec 08Independent Director recently sold US$367k worth of stockOn the 4th of December, Amanda Cavaleri sold around 24k shares on-market at roughly US$15.02 per share. This transaction amounted to 19% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$1.6m more than they bought in the last 12 months.
New Risk • Dec 07New minor risk - Insider sellingThere has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: US$82k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 0.09% per year for the foreseeable future. High level of non-cash earnings (41% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (15% average weekly change). Significant insider selling over the past 3 months (US$82k sold).
ナラティブの更新 • Dec 04CLSK: Texas AI Data Center Campus Will Unlock Billions In Shareholder ValueCleanSpark's analyst price target has been trimmed modestly, with the updated fair value estimate edging down by about $1 per share as analysts balance softer peer multiples and higher near term spending against accelerating high performance computing and AI data center growth prospects. Analyst Commentary Street research on CleanSpark reflects a generally constructive outlook on the company’s transition toward high performance computing and AI data centers, even as near term spending and sector multiple compression lead to some modest target reductions.
Major Estimate Revision • Dec 02Consensus revenue estimates fall by 15%The consensus outlook for revenues in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from US$1.03b to US$876.5m. EPS estimate fell from US$1.33 to US$0.833 per share. Net income forecast to shrink 33% next year vs 21% growth forecast for Software industry in the US . Consensus price target down from US$23.98 to US$23.16. Share price rose 23% to US$14.08 over the past week.
Reported Earnings • Nov 26Full year 2025 earnings: EPS and revenues miss analyst expectationsFull year 2025 results: EPS: US$1.25 (up from US$0.69 loss in FY 2024). Revenue: US$766.3m (up 102% from FY 2024). Net income: US$353.3m (up US$502.5m from FY 2024). Profit margin: 46% (up from net loss in FY 2024). The move to profitability was primarily driven by higher revenue. Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) also missed analyst estimates by 28%. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Software industry in the US. Over the last 3 years on average, earnings per share has increased by 82% per year whereas the company’s share price has increased by 81% per year.
ナラティブの更新 • Nov 20CLSK: Texas Data Center Expansion Will Unlock Billions In Shareholder Value By 2027CleanSpark's analyst price target decreased modestly by $0.09 to approximately $23.98. Analysts cite slightly reduced profit margin and revenue growth expectations, despite the company's ongoing progress in high-performance computing and AI data center initiatives.
Valuation Update With 7 Day Price Move • Nov 19Investor sentiment deteriorates as stock falls 23%After last week's 23% share price decline to US$10.80, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 10x in the Software industry in the US. Total returns to shareholders of 402% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$5.11 per share.
New Risk • Nov 09New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 13% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 13% per year for the foreseeable future. High level of non-cash earnings (41% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (12% average weekly change).
ナラティブの更新 • Nov 05CLSK: Texas Expansion Will Unlock Major Shareholder Value By 2027CleanSpark's fair value estimate has increased from $22.34 to $24.07 per share. Analysts cite recent strategic expansions into AI and high-performance computing data centers as key drivers behind the raised price target.
Valuation Update With 7 Day Price Move • Nov 04Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to US$16.23, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 9x in the Software industry in the US. Total returns to shareholders of 456% over the past three years.
New Risk • Nov 03New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 2.0% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 2.0% per year for the foreseeable future. High level of non-cash earnings (41% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (12% average weekly change).
分析記事 • Oct 28CleanSpark, Inc.'s (NASDAQ:CLSK) P/S Is Still On The Mark Following 56% Share Price BounceCleanSpark, Inc. ( NASDAQ:CLSK ) shares have continued their recent momentum with a 56% gain in the last month alone...
ナラティブの更新 • Oct 22Analysts Boost CleanSpark Price Target Highlighting Growth Catalysts and Improved Profit OutlookCleanSpark's analyst price target has been raised from $20.16 to $22.34, reflecting increased expectations for revenue growth and profit margins. Analysts cite expanding high performance computing initiatives and site visits confirming strategic execution.
お知らせ • Oct 21CleanSpark, Inc. Appoints Jeffrey Thomas as Senior Vice President of AI Data CentersCleanSpark, Inc. announced the appointment of Jeffrey Thomas as Senior Vice President of AI Data Centers. Thomas brings over four decades of global experience in emerging technologies and data center infrastructure development as CleanSpark positions itself for its next phase of growth. As Senior Vice President of AI Data Centers, Mr. Thomas will lead CleanSpark's strategy to expand beyond bitcoin mining by developing and operating advanced AI data center infrastructure. This strategic evolution will diversify the Company's revenue streams, strengthen long-term cash flow potential, and enhance its ability to serve the world's leading technology companies. Mr. Thomas is a globally recognized entrepreneur, advisor, and executive with extensive leadership experience spanning the United Kingdom, United States, Europe, Africa, and the Middle East. Over his career, he has led or participated in 19 ventures that have created more than $12 billion in shareholder value. Thomas joins CleanSpark from his role as President of AI Data Centres at Humain, where he spearheaded the Kingdom of Saudi Arabia's multi-billion AI data center program, assembling world-class teams, building strategic partnerships with hyperscalers and global technology firms, and advanced sovereign compute initiatives. CleanSpark's expansion into AI data center infrastructure builds on its proven, vertically integrated "infrastructure-first" model, leveraging large-scale bitcoin mining expertise to unlock value across its land and power portfolio. The Company's strong track record in rapid site development positions it to capitalize on accelerating demand for digital infrastructure driven by the rise of AI and compute-intensive applications.
New Risk • Oct 16New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (41% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (11% average weekly change).
Price Target Changed • Oct 13Price target increased by 7.7% to US$21.61Up from US$20.07, the current price target is an average from 11 analysts. New target price is 7.9% above last closing price of US$20.04. Stock is up 85% over the past year. The company is forecast to post earnings per share of US$1.54 next year compared to a net loss per share of US$0.69 last year.
ナラティブの更新 • Oct 08Efficient Bitcoin Mining Will Expand Under Supportive Policy Amid VolatilityAnalysts recently updated their price targets for CleanSpark, with a mixed outlook as some raised targets as high as $25 while others lowered them to $14. This reflects evolving views on bitcoin mining profitability and the need for greater clarity around high performance compute initiatives.
Valuation Update With 7 Day Price Move • Oct 03Investor sentiment improves as stock rises 17%After last week's 17% share price gain to US$15.14, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 12x in the Software industry in the US. Total returns to shareholders of 401% over the past three years.
Valuation Update With 7 Day Price Move • Sep 16Investor sentiment improves as stock rises 16%After last week's 16% share price gain to US$11.20, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 12x in the Software industry in the US. Total returns to shareholders of 232% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$11.78 per share.
Recent Insider Transactions Derivative • Sep 10CEO & Chairman notifies of intention to sell stockS. Schultz intends to sell 190k shares in the next 90 days after lodging an Intent To Sell Form on the 10th of September. If the sale is conducted around the recent share price of US$9.17, it would amount to US$1.7m. For the year to September 2018, Schultz's total compensation was 5% salary and 95% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since September 2024, Schultz's direct individual holding has decreased from 2.73m shares to 2.36m. Company insiders have collectively sold US$1.4m more than they bought, via options and on-market transactions in the last 12 months.
お知らせ • Sep 08Cleanspark, Inc. Announces Executive Changes, Effective September 4, 2025CleanSpark, Inc. announced that on September 8, 2025, the Company announced that effective September 4, 2025, the Company’s Board of Directors approved the following changes to executive titles: Gary A. Vecchiarelli has been named President, while continuing to serve as Chief Financial Officer. In this expanded leadership role, Gary will support the CEO by overseeing financial strategy, treasury operations, capital markets activities, and legal & compliance, while also driving organizational execution, operational excellence, and cross-functional alignment as President. Scott Garrison will now serve as Chief Development Officer and Executive Vice President, and oversee infrastructure expansion, corporate development, business operations, and government affairs. Scott previously served as chief operating officer and this transition reflects an expanded focus on growth of power infrastructure, as well as strategic datacenter development. Taylor Monnig has been named Chief Operating Officer, in addition to his existing chief technology officer role. This dual role will focus on operational excellence in bitcoin mining, energy optimization, and corporate functions, while driving innovation in software, hardware, and digital asset technology. Prior to CleanSpark, Taylor was issued a number of data center patents and won an Intel Innovation award as part of the OTTO HPC platform. Harry Sudock, formerly senior vice president, was appointed Chief Business Officer and will oversee investor relations and strategic communications, provide sector leadership, and play a key role in the development and implementation of the broader corporate strategy.
Buy Or Sell Opportunity • Sep 04Now 22% undervalued after recent price dropOver the last 90 days, the stock has fallen 7.3% to US$9.08. The fair value is estimated to be US$11.71, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 60% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 79% in 2 years. Earnings are forecast to grow by 13% in the next 2 years.
分析記事 • Aug 22It's Down 27% But CleanSpark, Inc. (NASDAQ:CLSK) Could Be Riskier Than It LooksCleanSpark, Inc. ( NASDAQ:CLSK ) shareholders won't be pleased to see that the share price has had a very rough month...
Buy Or Sell Opportunity • Aug 19Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 7.4% to US$9.36. The fair value is estimated to be US$11.72, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 60% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 80% in 2 years. Earnings are forecast to grow by 14% in the next 2 years.
分析記事 • Aug 14We Believe CleanSpark's (NASDAQ:CLSK) Earnings Are A Poor Guide For Its ProfitabilityStrong earnings weren't enough to please CleanSpark, Inc.'s ( NASDAQ:CLSK ) shareholders over the last week. We did...
New Risk • Aug 11New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 2.9% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 2.9% per year for the foreseeable future. High level of non-cash earnings (41% accrual ratio). Minor Risk Significant insider selling over the past 3 months (US$525k sold).
お知らせ • Aug 11+ 1 more updateCleanSpark, Inc. Announces CEO ChangesCleanSpark, Inc. has named Matt Schultz, co-founder, executive chairman and former CEO of CleanSpark as CEO, effective August 11, 2025 following the resignation of Zachary Bradford as chief executive officer and director of the Company. Schultz founded CleanSpark and previously served as CEO and is currently Executive Chairman. He originally led the Company's growth in the energy sector and was instrumental in raising billions in capital to fuel the growth of the Company's bitcoin mining business. His leadership has been critical in making CleanSpark one of the large and most recognizable bitcoin mining companies in North America.
Reported Earnings • Aug 10Third quarter 2025 earnings: EPS exceeds analyst expectationsThird quarter 2025 results: EPS: US$0.90 (up from US$1.03 loss in 3Q 2024). Revenue: US$198.6m (up 91% from 3Q 2024). Net income: US$251.8m (up US$488.0m from 3Q 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 57%. Revenue is forecast to grow 29% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Software industry in the US. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth.
Breakeven Date Change • Aug 08The 12 analysts covering CleanSpark previously expected the company to break even in 2025. New consensus forecast suggests the company will make a profit of US$231.9m in 2025. Earnings growth of 32% is required to achieve expected profit on schedule.
Buy Or Sell Opportunity • Aug 01Now 20% undervaluedOver the last 90 days, the stock has risen 19% to US$10.44. The fair value is estimated to be US$13.12, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 57% over the last 3 years. Meanwhile, the company became loss making.
分析記事 • Jul 30Calculating The Fair Value Of CleanSpark, Inc. (NASDAQ:CLSK)Key Insights The projected fair value for CleanSpark is US$13.17 based on 2 Stage Free Cash Flow to Equity Current...
分析記事 • Jul 01CleanSpark, Inc.'s (NASDAQ:CLSK) Shares Leap 28% Yet They're Still Not Telling The Full StoryCleanSpark, Inc. ( NASDAQ:CLSK ) shares have continued their recent momentum with a 28% gain in the last month alone...
お知らせ • Jun 30+ 3 more updatesCleanSpark, Inc.(NasdaqCM:CLSK) dropped from Russell 3000 Growth IndexCleanSpark, Inc.(NasdaqCM:CLSK) dropped from Russell 3000 Growth Index
Recent Insider Transactions • May 23Independent Director recently sold US$525k worth of stockOn the 21st of May, Roger Beynon sold around 50k shares on-market at roughly US$10.51 per share. This transaction amounted to 32% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$1.3m more than they bought in the last 12 months.
New Risk • May 09New minor risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow. Free cash flow: -US$489m This is considered a minor risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Minor Risks Less than 1 year of cash runway based on current free cash flow (-US$489m). Share price has been volatile over the past 3 months (14% average weekly change). Shareholders have been diluted in the past year (23% increase in shares outstanding). Significant insider selling over the past 3 months (US$693k sold).
分析記事 • Apr 27CleanSpark, Inc.'s (NASDAQ:CLSK) Shares Leap 25% Yet They're Still Not Telling The Full StoryThose holding CleanSpark, Inc. ( NASDAQ:CLSK ) shares would be relieved that the share price has rebounded 25% in the...
Valuation Update With 7 Day Price Move • Apr 22Investor sentiment improves as stock rises 20%After last week's 20% share price gain to US$8.77, the stock trades at a forward P/E ratio of 7x. Average trailing P/E is 30x in the Software industry in the US. Total returns to shareholders of 25% over the past three years.
新しいナラティブ • Apr 22Energy Expansion And 50 Exahash Bitcoin Mining Will Expand Capabilities Strategic expansion in energy-rich states and focus on scaling aims to boost Bitcoin production and future revenue growth.
Recent Insider Transactions • Mar 26Independent Director recently sold US$357k worth of stockOn the 24th of March, Thomas Wood sold around 44k shares on-market at roughly US$8.04 per share. This transaction amounted to 23% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$9.3m more than they bought in the last 12 months.
Recent Insider Transactions Derivative • Mar 25Independent Director notifies of intention to sell stockThomas Wood intends to sell 44k shares in the next 90 days after lodging an Intent To Sell Form on the 24th of March. If the sale is conducted around the recent share price of US$8.04, it would amount to US$357k. Since September 2024, Thomas' direct individual holding has increased from 184.12k shares to 197.25k. Company insiders have collectively sold US$8.9m more than they bought, via options and on-market transactions in the last 12 months.
Price Target Changed • Mar 20Price target decreased by 13% to US$19.25Down from US$22.00, the current price target is an average from 8 analysts. New target price is 148% above last closing price of US$7.75. Stock is down 63% over the past year. The company is forecast to post earnings per share of US$1.03 next year compared to a net loss per share of US$0.69 last year.
分析記事 • Mar 04Not Many Are Piling Into CleanSpark, Inc. (NASDAQ:CLSK) Stock Yet As It Plummets 25%Unfortunately for some shareholders, the CleanSpark, Inc. ( NASDAQ:CLSK ) share price has dived 25% in the last thirty...
お知らせ • Jan 23CleanSpark, Inc., Annual General Meeting, Mar 03, 2025CleanSpark, Inc., Annual General Meeting, Mar 03, 2025.
お知らせ • Dec 03CleanSpark, Inc. announced delayed annual 10-K filingOn 12/02/2024, CleanSpark, Inc. announced that they will be unable to file their next 10-K by the deadline required by the SEC.
お知らせ • Nov 30CleanSpark, Inc. to Report Fiscal Year 2024 Results on Dec 02, 2024CleanSpark, Inc. announced that they will report fiscal year 2024 results on Dec 02, 2024
お知らせ • Nov 01CleanSpark, 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) entered into an agreement to acquire Griid Infrastructure Inc. (NEOE:GRDI) from Griid Holdco LLC, Adit Edtech Sponsor, LLC, Blockchain Capital Solutions (US), Inc. and others for approximately $82.2 million on June 26, 2024. The total enterprise value, including payment and assumption of debt, of the transaction is $155 million. Concurrent with the signing of the merger agreement, the companies also entered into an exclusive hosting agreement for all currently available power, of which 20 MW will be allocated to CleanSpark effective immediately. CleanSpark also provided GRIID with a $5 million dollar working capital loan and a pay-down bridge loan of approximately $50.9 million that was used to satisfy certain obligations of GRIID at signing. Termination by CleanSpark because GRIID, its subsidiaries or any of its directors or officers materially breached its non-solicitation obligations, GRIID would be required to pay CleanSpark a termination fee of $1.5 million. The transaction is subject to approval of offer by acquirer shareholders. The deal has been unanimously approved by the board. The GRIID board established a special committee of independent directors (the “GRIID special committee”), and appointed Sharmila Kassam and Cristina Dolan to serve as members of the GRIID special committee, with Kassam serving as chair. The expected completion of the transaction is July 1, 2024 to September 30, 2024. As of July 3, 2024 the expected to close before the end of September. The CleanSpark anticipates the completion of the acquisition of GRIID Infrastructure Inc. will occur before October month's end. As on October 28, 2024 the transaction has been approved by Griid Infrastructure shareholders. Christopher J. Bellini and Joseph C. Bedwick of Cozen O'Connor acted as legal advisor and due diligence provider for CleanSpark, Inc. Patrick B. Costello of Troutman Pepper Hamilton Sanders LLP acted as legal advisor for Griid Infrastructure Inc. Lincoln International LLC is serving as financial advisor as well as fairness opinion advisor to Griid. Lincoln International LLC and Troutman Pepper Hamilton Sanders LLP acted as due diligence providers for Griid. Lincoln will receive a fee in the amount of $300,000 for its services. Continental Stock Transfer & Trust Company acted as transfer agent to GRIID. Securities Transfer Corporation is the transfer agent and registrar for CleanSpark common stock. Continental Stock Transfer & Trust Company acted as transfer agent to GRIID. 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 on October 30, 2024. In connection with the closing of the transaction, GRIID has requested that Nasdaq suspend trading of the GRIID common stock and GRIID public warrants on Nasdaq prior to the opening of trading on October 31, 2024. The shares of GRIID common stock are expected to be delisted from Cboe Canada at the end of the day on October 31, 2024.
お知らせ • Oct 07Cleanspark Inc. Announces Normal Operations Resumption After 365 Mw of Power Was Shut Down in the Wake of Hurricane HeleneCleanSpark Inc. announced normal operations have resumed after 365 MW of power was shut down in the wake of Hurricane Helene. The Company's hashrate has since reached 28.7 EH/s.
Seeking Alpha • Oct 02CleanSpark's Summer Buying SpreeSummary CleanSpark has shown significant growth through mergers and acquisitions, aiming for 37 EH/s by year-end and 50 EH/s by 2025. Shareholder dilution remains a major concern, with a 564% increase in shares outstanding over three years, raising questions about long-term benefits. Despite recent underperformance and a breakeven Bitcoin price of $73k in Q2, CleanSpark's ability to raise capital provides financial flexibility. Upgraded to "buy" due to potential capitulation and a possible BTC price run, but caution is advised until more corporate performance data is available. Read the full article on Seeking Alpha
New Risk • Sep 17New minor risk - ProfitabilityThe company is currently unprofitable and not forecast to become profitable over the next 2 years. Trailing 12-month net loss: US$156m Forecast net loss in 2 years: US$1.3m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (66% increase in shares outstanding). Minor Risks Less than 1 year of cash runway based on current free cash flow (-US$271m). Currently unprofitable and not forecast to become profitable over next 2 years (US$1.3m net loss in 2 years). Share price has been volatile over the past 3 months (13% average weekly change).
Recent Insider Transactions Derivative • Sep 16Executive Chairman exercised options and sold US$1.6m worth of stockOn the 12th of September, S. Schultz exercised options to acquire 178k shares at no cost and sold these for an average price of US$9.25 per share. This trade did not impact their existing holding. Since September 2023, Schultz's direct individual holding has increased from 1.87m shares to 2.01m. Company insiders have collectively sold US$52m more than they bought, via options and on-market transactions in the last 12 months.
Major Estimate Revision • Sep 04Consensus EPS estimates fall by 97%The consensus outlook for fiscal year 2024 has been updated. 2024 expected loss increased from -US$0.022 to -US$0.044 per share. Revenue forecast unchanged at US$386.0m. Software industry in the US expected to see average net income growth of 16% next year. Consensus price target of US$23.08 unchanged from last update. Share price fell 21% to US$9.02 over the past week.
Major Estimate Revision • Aug 26Consensus EPS estimates fall from profit to US$0.022 loss, revenue upgradedThe consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from US$384.3m to US$388.5m. Now expected to report loss of -US$0.022 instead of US$0.144 per share profit. Software industry in the US expected to see average net income growth of 17% next year. Consensus price target broadly unchanged at US$23.08. Share price was steady at US$12.16 over the past week.
Major Estimate Revision • Aug 24Consensus EPS estimates fall from profit to US$0.022 loss, revenue upgradedThe consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from US$384.3m to US$388.5m. Now expected to report loss of -US$0.022 instead of US$0.144 per share profit. Software industry in the US expected to see average net income growth of 16% next year. Consensus price target broadly unchanged at US$23.08. Share price rose 6.5% to US$12.61 over the past week.
New Risk • Aug 23New minor risk - ProfitabilityThe company is currently unprofitable and not forecast to become profitable over the next 2 years. Trailing 12-month net loss: US$156m Forecast net loss in 2 years: US$1.3m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (63% increase in shares outstanding). Minor Risks Less than 1 year of cash runway based on current free cash flow (-US$271m). Currently unprofitable and not forecast to become profitable over next 2 years (US$1.3m net loss in 2 years). Share price has been volatile over the past 3 months (12% average weekly change).
分析記事 • Aug 18CleanSpark, Inc.'s (NASDAQ:CLSK) Stock Retreats 34% But Revenues Haven't Escaped The Attention Of InvestorsCleanSpark, Inc. ( NASDAQ:CLSK ) shareholders that were waiting for something to happen have been dealt a blow with a...
Breakeven Date Change • Aug 13Forecast breakeven date pushed back to 2026The 5 analysts covering CleanSpark previously expected the company to break even in 2024. New consensus forecast suggests losses will reduce by 69% per year to 2025. The company is expected to make a profit of US$22.6m in 2026. Average annual earnings growth of 109% is required to achieve expected profit on schedule.
お知らせ • Aug 12CleanSpark, Inc. Reports Impairment Expenses - Fixed Assets for the Third Quarter Ended June 30, 2024CleanSpark, Inc. reported Impairment expense - fixed assets for the third quarter ended June 30, 2024. For the quarter, the company reported Impairment expense - fixed assets of $189,235,000.
New Risk • Aug 11New minor risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow. Free cash flow: -US$208m This is considered a minor risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (54% increase in shares outstanding). Minor Risks Less than 1 year of cash runway based on current free cash flow (-US$208m). Share price has been volatile over the past 3 months (13% average weekly change).
Reported Earnings • Aug 11Third quarter 2024 earnings: EPS and revenues miss analyst expectationsThird quarter 2024 results: US$1.00 loss per share (further deteriorated from US$0.12 loss in 3Q 2023). Revenue: US$104.1m (up 129% from 3Q 2023). Net loss: US$236.2m (loss widened US$222.1m from 3Q 2023). Revenue missed analyst estimates by 6.4%. Earnings per share (EPS) also missed analyst estimates significantly. Revenue is forecast to grow 38% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Software industry in the US. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings.
Valuation Update With 7 Day Price Move • Aug 02Investor sentiment deteriorates as stock falls 21%After last week's 21% share price decline to US$13.48, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 8x in the Software industry in the US. Total loss to shareholders of 1.5% over the past three years.
お知らせ • Aug 01CleanSpark, Inc. to Report Q3, 2024 Results on Aug 08, 2024CleanSpark, Inc. announced that they will report Q3, 2024 results at 4:00 PM, US Eastern Standard Time on Aug 08, 2024
Valuation Update With 7 Day Price Move • Jul 15Investor sentiment improves as stock rises 19%After last week's 19% share price gain to US$18.30, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 8x in the Software industry in the US. Total returns to shareholders of 42% over the past three years.
分析記事 • Jul 04CleanSpark, Inc.'s (NASDAQ:CLSK) Price In Tune With RevenuesCleanSpark, Inc.'s ( NASDAQ:CLSK ) price-to-sales (or "P/S") ratio of 13.2x might make it look like a strong sell right...
