Cleanspark (NASDAQ:CLSK) Shares Gap Down Following Weak Earnings

Cleanspark, Inc. (NASDAQ:CLSK) shares gapped down prior to trading on Tuesday following a weaker than expected earnings announcement. The stock had previously closed at $14.30, but opened at $13.16. Cleanspark shares last traded at $13.3490, with a volume of 7,590,874 shares changing hands.

The company reported ($1.52) earnings per share for the quarter, missing the consensus estimate of ($0.25) by ($1.27). Cleanspark had a positive return on equity of 11.74% and a negative net margin of 33.24%.The business had revenue of $136.41 million during the quarter, compared to the consensus estimate of $145.36 million. During the same quarter in the prior year, the firm posted ($0.49) EPS. The company’s revenue for the quarter was down 24.9% on a year-over-year basis.

Cleanspark News Roundup

Here are the key news stories impacting Cleanspark this week:

• Positive Sentiment: CleanSpark said it doubled megawatts under contract year over year, including 585 MW of ERCOT-approved capacity, while increasing Bitcoin holdings 14% and average monthly hashrate 18%, underscoring operational growth and infrastructure expansion. CleanSpark Reports Second Fiscal Quarter 2026 Results
• Positive Sentiment: Management said it is advancing a 1.8 GW contracted capacity pipeline and outlined a 14- to 18-month delivery timeline for AI data centers, which could support longer-term revenue opportunities beyond Bitcoin mining. Cleanspark outlines 14–18-month delivery timeline for ai data centers as it markets 1.8 gw contracted capacity
• Neutral Sentiment: Executives emphasized the company’s evolution into a digital infrastructure and data center developer, framing AI as a new use case for its energy and compute assets. Cleanspark Inc (CLSK) Q2 2026 Earnings Call Highlights
• Negative Sentiment: The quarter’s results were weak, with earnings and revenue both missing estimates and the company posting a larger-than-expected loss versus last year. CleanSpark (CLSK) Reports Q2 Loss, Lags Revenue Estimates
• Negative Sentiment: Investors also reacted to a reported more than $200 million loss tied to Bitcoin holdings, adding to concerns about earnings volatility and crypto exposure. CLSK stock tumbles after flagging over $200M loss in bitcoin holdings

Analysts Set New Price Targets

A number of equities research analysts have issued reports on CLSK shares. Weiss Ratings restated a “sell (d)” rating on shares of Cleanspark in a research report on Friday. Cantor Fitzgerald dropped their price target on Cleanspark from $17.00 to $14.00 and set an “overweight” rating on the stock in a research report on Thursday, April 9th. B. Riley Financial cut their price target on Cleanspark from $22.00 to $19.00 and set a “buy” rating on the stock in a research note on Wednesday, February 11th. Keefe, Bruyette & Woods decreased their price objective on Cleanspark from $18.00 to $14.00 and set an “outperform” rating for the company in a report on Monday, February 9th. Finally, Northland Securities initiated coverage on shares of Cleanspark in a research note on Tuesday, January 13th. They issued an “outperform” rating and a $22.50 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $20.29.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Dimensional Fund Advisors LP lifted its stake in shares of Cleanspark by 81.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 14,102,777 shares of the company’s stock worth $120,007,000 after purchasing an additional 6,323,715 shares during the last quarter. Marex Group plc boosted its position in Cleanspark by 23,812.2% during the fourth quarter. Marex Group plc now owns 5,400,561 shares of the company’s stock valued at $54,654,000 after purchasing an additional 5,377,976 shares in the last quarter. Voloridge Investment Management LLC purchased a new position in Cleanspark in the third quarter valued at about $56,056,000. Renaissance Technologies LLC bought a new position in Cleanspark in the fourth quarter worth about $26,125,000. Finally, Situational Awareness LP bought a new position in Cleanspark in the fourth quarter worth about $16,601,000. 43.12% of the stock is currently owned by hedge funds and other institutional investors.

Cleanspark Trading Down 8.7%

The firm has a market capitalization of $3.34 billion, a PE ratio of -12.30 and a beta of 3.71. The company’s 50-day simple moving average is $10.64 and its 200 day simple moving average is $11.95. The company has a quick ratio of 10.54, a current ratio of 10.54 and a debt-to-equity ratio of 1.29.

About Cleanspark

CleanSpark, Inc (NASDAQ: CLSK) is a leading energy software and services company specializing in advanced microgrid controls and distributed energy resource (DER) management. The firm develops proprietary software platforms designed to optimize power flows across on-grid and off-grid installations, integrating renewable generation, battery storage, and traditional generation assets. CleanSpark’s technology is used by utilities, commercial and industrial enterprises, and remote facilities seeking to enhance energy resilience, reduce operating costs, and achieve sustainability goals.

In addition to its core software offerings, CleanSpark provides end-to-end engineering, procurement and construction (EPC) services.