HC Wainwright Has Negative Outlook of Cleanspark Q4 Earnings

Cleanspark, Inc. (NASDAQ:CLSK) – Investment analysts at HC Wainwright decreased their Q4 2026 earnings per share estimates for shares of Cleanspark in a research note issued to investors on Friday, August 7th. HC Wainwright analyst M. Colonnese now expects that the company will earn ($0.43) per share for the quarter, down from their prior estimate of ($0.26). HC Wainwright currently has a “Buy” rating on the stock. The consensus estimate for Cleanspark’s current full-year earnings is ($1.40) per share.

Cleanspark (NASDAQ:CLSK) last released 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 firm had revenue of $138.01 million for the quarter, compared to analyst estimates of $142.37 million. Cleanspark had a negative net margin of 146.90% and a negative return on equity of 18.63%. The company’s revenue was down 30.5% compared to the same quarter last year. During the same period last year, the business earned $0.90 EPS.

CLSK has been the topic of a number of other reports. B. Riley Financial lifted their price target on Cleanspark from $19.00 to $26.00 and gave the company a “buy” rating in a research note on Monday, August 3rd. Weiss Ratings downgraded Cleanspark from a “sell (d)” rating to a “sell (d-)” rating in a research note on Friday, May 22nd. Maxim Group raised their price objective on shares of Cleanspark from $18.00 to $22.00 and gave the company a “buy” rating in a report on Tuesday, May 12th. Keefe, Bruyette & Woods lifted their target price 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. Finally, BTIG Research reissued a “buy” rating and set a $26.00 target price on shares of Cleanspark in a report on Tuesday, July 14th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $23.88.

Cleanspark Price Performance

Shares of CLSK opened at $11.52 on Wednesday. Cleanspark has a 12-month low of $8.00 and a 12-month high of $23.61. The business has a 50-day simple moving average of $14.62 and a two-hundred day simple moving average of $12.65. The company has a quick ratio of 2.11, a current ratio of 5.91 and a debt-to-equity ratio of 2.34. The stock has a market cap of $2.96 billion, a PE ratio of -3.06 and a beta of 3.86.

Institutional Investors Weigh In On Cleanspark

Large investors have recently modified their holdings of the company. New York State Teachers Retirement System boosted its position in Cleanspark by 37.7% during the fourth quarter. New York State Teachers Retirement System now owns 341,749 shares of the company’s stock valued at $3,458,000 after acquiring an additional 93,649 shares during the last quarter. State of New Jersey Common Pension Fund D acquired a new stake in Cleanspark during the 4th quarter worth about $2,019,000. Benchmark Financial LLC acquired a new stake in Cleanspark during the 4th quarter worth about $1,255,000. UBS Group AG raised its position in shares of Cleanspark by 81.1% in the 4th quarter. UBS Group AG now owns 3,579,166 shares of the company’s stock worth $36,221,000 after acquiring an additional 1,602,830 shares in the last quarter. Finally, Situational Awareness LP raised its position 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 worth $104,470,000 after acquiring an additional 10,635,739 shares in the last quarter. 43.12% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Cleanspark

Here are the key news stories impacting Cleanspark this week:

• Positive Sentiment: Chardan Capital reaffirmed its Buy rating and maintained a $21 price target, implying substantial upside from recent trading levels. Benzinga analyst rating report
• Positive Sentiment: HC Wainwright also retained a Buy rating while forecasting a $1.46 loss per share for fiscal 2026, signaling that the firm remains constructive on CleanSpark’s longer-term outlook despite near-term losses.
• Neutral Sentiment: Reported short interest was listed at zero shares, unchanged from the prior period, with zero days to cover. Because the figures appear inconsistent with the accompanying “significant increase” description, the data provides little useful indication of current short-selling pressure.
• Neutral Sentiment: Cantor Fitzgerald reiterated its Overweight rating, adding to the positive analyst sentiment surrounding the stock. Cantor Fitzgerald rating report
• Negative Sentiment: Northland Securities reduced its EPS forecasts across multiple periods. Its fiscal 2026 estimate fell to a $1.41 loss per share from $1.13, while its fiscal 2027 estimate dropped sharply to a $1.49 loss from $0.62. Quarterly 2027 loss estimates were also lowered to roughly $0.36–$0.39 per share, indicating weaker anticipated profitability.
• Negative Sentiment: CleanSpark declined alongside Riot Platforms and MARA Holdings as Strategy reportedly sold bitcoin and bitcoin-related shares. The sector-wide move highlights the stock’s sensitivity to cryptocurrency prices and investor risk appetite. Bitcoin miner sector selloff report

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.