$CLSK

Cleanspark Inc

No enriched coverage for $CLSK in the last 7 days.

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CleanSpark stock slides 9% as quarterly earnings miss estimates on bitcoin holdings loss

CleanSpark (CLSK) stock dropped over 9% after the company reported a significant net loss of $378.3 million for its second fiscal quarter, far exceeding analyst estimates. This loss was heavily influenced by a $224.1 million non-cash bitcoin fair value loss due to market volatility. Despite increased bitcoin holdings and a shift towards AI/HPC uses, the company's revenue also missed estimates, reflecting the industry-wide challenge of bitcoin mining costs surpassing the cryptocurrency's current price.

CleanSpark, Inc. (NASDAQ:CLSK) Q2 2026 Earnings Call Transcript

CleanSpark, Inc. (NASDAQ: CLSK) reported its Q2 2026 earnings, missing EPS expectations with a net loss largely due to non-cash Bitcoin mark-to-market adjustments. The company is transitioning its strategy to become a digital infrastructure and data center development company, leveraging its energy expertise and Bitcoin mining operations to build AI data factories. CleanSpark is focused on long-term leases with high-quality tenants for its expansive 1.8 gigawatts of contracted capacity, particularly at sites like Sandersville, Sealy, and Brazoria, while also addressing talent acquisition and construction challenges through modular building approaches.

CleanSpark, Inc. Stock 12‑Month Price Target Raised to $19.58, Implies 37% Upside

CleanSpark, Inc. (CLSK) has seen its average 12-month price target raised to $19.58 from $19.33, according to estimates from 12 analysts. This new target implies a 37% potential upside based on the May 11 closing price. The consensus rating for CLSK remains a "Buy," with all 12 covering analysts recommending it.