Cleanspark (NASDAQ:CLSK) Downgraded by Zacks Research to Strong Sell

Zacks Research cut shares of Cleanspark (NASDAQ:CLSK) from a hold rating to a strong sell rating in a research report sent to investors on Monday morning,Zacks.com reports.

Several other equities research analysts have also weighed in on the company. Needham & Company LLC raised their target price on Cleanspark from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. Chardan Capital reissued a “buy” rating and set a $16.00 target price on shares of Cleanspark in a research report on Wednesday, April 8th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Cleanspark in a research report on Friday. Maxim Group lifted their price target on Cleanspark from $18.00 to $22.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, Keefe, Bruyette & Woods cut their price target on Cleanspark from $18.00 to $14.00 and set an “outperform” rating on the stock in a research report on Monday, February 9th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $20.29.

Cleanspark Price Performance

Shares of NASDAQ CLSK opened at $13.47 on Monday. The company has a debt-to-equity ratio of 1.29, a quick ratio of 10.54 and a current ratio of 10.54. Cleanspark has a fifty-two week low of $8.00 and a fifty-two week high of $23.61. The firm has a market capitalization of $3.44 billion, a PE ratio of -6.41 and a beta of 3.71. The stock’s 50-day simple moving average is $10.71 and its 200-day simple moving average is $11.93.

Cleanspark (NASDAQ:CLSK) last issued its earnings results on Monday, May 11th. 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 6.22% and a negative net margin of 67.66%.The business had revenue of $136.41 million for the quarter, compared to analyst estimates of $145.36 million. During the same period last year, the business posted ($0.49) EPS. Cleanspark’s revenue was down 24.9% on a year-over-year basis. As a group, equities research analysts forecast that Cleanspark will post -0.7 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Himension Capital Singapore PTE. LTD. acquired a new position in Cleanspark during the first quarter worth approximately $1,018,000. Dimensional Fund Advisors LP grew its stake in shares of Cleanspark by 81.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 14,102,777 shares of the company’s stock valued at $120,007,000 after purchasing an additional 6,323,715 shares during the last quarter. KBC Group NV grew its stake in shares of Cleanspark by 10.7% in the 1st quarter. KBC Group NV now owns 8,574 shares of the company’s stock valued at $73,000 after purchasing an additional 828 shares during the last quarter. Diversify Wealth Management LLC purchased a new position in shares of Cleanspark in the 1st quarter valued at approximately $641,000. Finally, Fifth Third Bancorp grew its stake in shares of Cleanspark by 2,122.3% in the 1st quarter. Fifth Third Bancorp now owns 63,581 shares of the company’s stock valued at $541,000 after purchasing an additional 60,720 shares during the last quarter. Institutional investors and hedge funds own 43.12% of the company’s stock.

Key Headlines Impacting Cleanspark

Here are the key news stories impacting Cleanspark this week:

• Positive Sentiment: Maxim Group raised its price target on CleanSpark from $18 to $22 and reiterated a buy rating, implying meaningful upside from current levels. Benzinga
• Positive Sentiment: Analysts and management continue to frame CleanSpark’s expansion into AI and high-performance computing data centers as a potential new growth driver beyond Bitcoin mining. Yahoo Finance
• Positive Sentiment: Unusually heavy call-option buying suggests some traders are betting on a rebound or further upside in CLSK shares. Benzinga
• Neutral Sentiment: CleanSpark reported second-quarter fiscal 2026 results showing continued infrastructure expansion, including more megawatts under contract and higher Bitcoin holdings, which supports the long-term story but did not offset near-term operating pressure. PR Newswire
• Negative Sentiment: The earnings report disappointed investors: CleanSpark posted a wider-than-expected loss and revenue came in below estimates, reinforcing concerns about profitability and declining core mining economics. Zacks
• Negative Sentiment: Reports that the company flagged more than $200 million in losses tied to Bitcoin holdings added pressure, highlighting the risks of its crypto exposure. MSN

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.