HC Wainwright Comments on Cleanspark FY2026 Earnings

Cleanspark, Inc. (NASDAQ:CLSK) – Stock analysts at HC Wainwright issued their FY2026 earnings estimates for Cleanspark in a research note issued to investors on Friday, August 7th. HC Wainwright analyst M. Colonnese forecasts that the company will post earnings of ($1.46) per share for the year. HC Wainwright currently has a “Buy” rating on the stock. The consensus estimate for Cleanspark’s current full-year earnings is ($1.23) per share.

Cleanspark (NASDAQ:CLSK) last announced its quarterly earnings data on Thursday, August 6th. The company reported ($0.89) earnings per share for the quarter, missing the consensus estimate of ($0.47) by ($0.42). The company had revenue of $138.01 million during the quarter, compared to the consensus estimate of $142.37 million. Cleanspark had a negative net margin of 146.90% and a negative return on equity of 18.63%. Cleanspark’s revenue was down 30.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.90 EPS.

A number of other equities analysts have also recently commented on CLSK. Keefe, Bruyette & Woods lifted their price objective on shares of Cleanspark from $16.00 to $25.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 28th. Chardan Capital restated a “buy” rating and set a $21.00 target price on shares of Cleanspark in a research note on Monday. B. Riley Financial lifted their target price on shares of Cleanspark from $19.00 to $26.00 and gave the stock a “buy” rating in a report on Monday, August 3rd. Zacks Research raised shares of Cleanspark from a “strong sell” rating to a “hold” rating in a report on Friday, July 10th. Finally, Maxim Group upped their target price on Cleanspark from $18.00 to $22.00 and gave the company a “buy” rating in a research report on Tuesday, May 12th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $23.88.

Cleanspark Stock Performance

NASDAQ CLSK opened at $11.59 on Tuesday. The firm’s fifty day moving average price is $14.74 and its two-hundred day moving average price is $12.65. Cleanspark has a 1 year low of $8.00 and a 1 year high of $23.61. The firm has a market capitalization of $2.98 billion, a P/E ratio of -3.07 and a beta of 3.86. The company has a current ratio of 5.91, a quick ratio of 2.11 and a debt-to-equity ratio of 2.34.

Institutional Investors Weigh In On Cleanspark

A number of large investors have recently modified their holdings of CLSK. Dimensional Fund Advisors LP raised its holdings 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 buying an additional 6,323,715 shares in the last quarter. Situational Awareness LP boosted its stake in shares of Cleanspark by 648.4% in the 1st quarter. Situational Awareness LP now owns 12,276,139 shares of the company’s stock valued at $104,470,000 after purchasing an additional 10,635,739 shares in the last quarter. Marex Group plc increased its position in Cleanspark by 23,812.2% during the 4th quarter. Marex Group plc now owns 5,400,561 shares of the company’s stock worth $54,654,000 after purchasing an additional 5,377,976 shares in the last quarter. Invesco Ltd. lifted its stake in Cleanspark by 22.1% in the 3rd quarter. Invesco Ltd. now owns 4,482,527 shares of the company’s stock valued at $64,997,000 after purchasing an additional 810,203 shares during the last quarter. Finally, Tidal Investments LLC grew its stake in shares of Cleanspark by 13.3% during the third quarter. Tidal Investments LLC now owns 4,366,437 shares of the company’s stock worth $63,313,000 after buying an additional 514,062 shares during the last quarter. Institutional investors and hedge funds own 43.12% of the company’s stock.

Key Stories Impacting Cleanspark

Here are the key news stories impacting Cleanspark this week:

• Positive Sentiment: Analyst support remains strong: Chardan Capital reaffirmed a “Buy” rating and set a $21 price target, implying substantial upside from recent levels. Cantor Fitzgerald reiterated its “Overweight” rating, while Maxim Group maintained its “Buy” recommendation. Chardan Capital rating Cantor Fitzgerald rating Maxim Group rating
• Positive Sentiment: HC Wainwright also issued a Buy rating while forecasting fiscal 2026 EPS of negative $1.46. Although the estimate is below the broader consensus of negative $1.23, the rating indicates the firm sees longer-term value in the Bitcoin miner.
• Neutral Sentiment: CleanSpark’s stock remains highly volatile, with a beta of 3.86, and trades below its 50-day moving average. This leaves the shares particularly sensitive to Bitcoin prices, mining economics and changes in investor risk appetite.
• Negative Sentiment: Northland Securities reduced earnings estimates across fiscal 2026 and 2027. Its FY2026 EPS forecast fell to negative $1.41 from negative $1.13, while FY2027 fell sharply to negative $1.49 from negative $0.62. Quarterly 2027 estimates were also lowered, signaling expectations for more prolonged losses and likely weighing on investor sentiment.
• Negative Sentiment: Cryptocurrency-related selling pressured the sector: CleanSpark declined alongside Riot Platforms and MARA Holdings after Strategy reportedly sold Bitcoin and shares. The move highlights the company’s exposure to Bitcoin price fluctuations and broader miner-sector sentiment. Bitcoin miner sector decline

Cleanspark Company Profile

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.