B. Riley Estimates Cleanspark's Q3 Earnings (NASDAQ:CLSK)

Cleanspark, Inc. (NASDAQ:CLSK - Free Report) - Equities researchers at B. Riley issued their Q3 2025 EPS estimates for Cleanspark in a report issued on Monday, June 30th. B. Riley analyst N. Giles forecasts that the company will earn $0.00 per share for the quarter. B. Riley has a "Strong-Buy" rating on the stock. The consensus estimate for Cleanspark's current full-year earnings is $0.58 per share. B. Riley also issued estimates for Cleanspark's Q4 2025 earnings at $0.01 EPS, FY2025 earnings at ($0.06) EPS, Q1 2026 earnings at $0.15 EPS, Q2 2026 earnings at $0.13 EPS, Q3 2026 earnings at $0.12 EPS, Q4 2026 earnings at $0.10 EPS, FY2026 earnings at $0.50 EPS, Q1 2027 earnings at $0.14 EPS, Q2 2027 earnings at $0.11 EPS, Q3 2027 earnings at $0.09 EPS and FY2027 earnings at $0.41 EPS.

Cleanspark (NASDAQ:CLSK - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.05). Cleanspark had a negative net margin of 35.43% and a negative return on equity of 4.65%. The firm had revenue of $181.71 million during the quarter, compared to analysts' expectations of $196.43 million. During the same quarter last year, the company posted $0.59 EPS. The firm's revenue was up 62.5% compared to the same quarter last year.

A number of other research analysts also recently weighed in on CLSK. Chardan Capital reiterated a "buy" rating and set a $20.00 price target on shares of Cleanspark in a report on Wednesday, June 25th. BTIG Research restated a "buy" rating on shares of Cleanspark in a research report on Friday, June 13th. Finally, JPMorgan Chase & Co. lifted their target price on Cleanspark from $12.00 to $14.00 and gave the company an "overweight" rating in a research note on Friday, June 13th. Eight research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $20.38.

Cleanspark Trading Down 1.5%

NASDAQ:CLSK traded down $0.19 during trading hours on Thursday, hitting $12.30. 20,908,929 shares of the stock traded hands, compared to its average volume of 27,962,937. The firm has a 50 day moving average price of $9.58 and a 200 day moving average price of $9.31. The firm has a market cap of $3.45 billion, a price-to-earnings ratio of -12.81 and a beta of 4.23. Cleanspark has a fifty-two week low of $6.45 and a fifty-two week high of $20.49.

Insider Buying and Selling

In other news, Director Roger Paul Beynon sold 50,000 shares of the firm's stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $10.51, for a total transaction of $525,500.00. Following the completion of the sale, the director directly owned 125,511 shares of the company's stock, valued at $1,319,120.61. This trade represents a 28.49% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 2.65% of the stock is owned by company insiders.

Hedge Funds Weigh In On Cleanspark

Hedge funds have recently added to or reduced their stakes in the company. Virtu Financial LLC bought a new stake in Cleanspark in the fourth quarter worth approximately $338,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its stake in shares of Cleanspark by 68.6% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 281,783 shares of the company's stock valued at $2,595,000 after purchasing an additional 114,674 shares during the last quarter. Quadrant Capital Group LLC acquired a new stake in shares of Cleanspark in the 4th quarter valued at $734,000. Algert Global LLC increased its position in Cleanspark by 284.1% during the fourth quarter. Algert Global LLC now owns 198,862 shares of the company's stock worth $1,832,000 after buying an additional 147,086 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in Cleanspark by 27.7% during the fourth quarter. Ameriprise Financial Inc. now owns 291,391 shares of the company's stock valued at $2,684,000 after buying an additional 63,123 shares in the last quarter. Institutional investors and hedge funds own 43.12% of the company's stock.

About Cleanspark

CleanSpark, Inc operates as a bitcoin miner in the Americas. It owns and operates data centers that primarily run on low-carbon power. Its infrastructure supports Bitcoin, a digital commodity and a tool for financial independence and inclusion. The company was formerly known as Stratean Inc and changed its name to CleanSpark, Inc in November 2016.