Cleanspark FY2026 EPS Forecast Lifted by Chardan Capital

Cleanspark, Inc. (NASDAQ:CLSK - Free Report) - Chardan Capital boosted their FY2026 earnings estimates for shares of Cleanspark in a research report issued to clients and investors on Wednesday, June 25th. Chardan Capital analyst J. Mcilree now forecasts that the company will post earnings per share of $1.04 for the year, up from their previous forecast of $0.85. Chardan Capital currently has a "Buy" rating and a $20.00 target price on the stock. The consensus estimate for Cleanspark's current full-year earnings is $0.58 per share.

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

Other equities research analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. raised their target price on shares of Cleanspark from $12.00 to $14.00 and gave the stock an "overweight" rating in a research note on Friday, June 13th. B. Riley started coverage on shares of Cleanspark in a report on Tuesday. They issued a "buy" rating and a $16.00 target price for the company. Finally, BTIG Research reiterated a "buy" rating on shares of Cleanspark in a research note on Friday, June 13th. Eight equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $20.38.

Cleanspark Price Performance

Shares of CLSK stock traded down $0.19 during trading hours on Monday, reaching $12.30. 20,880,178 shares of the company traded hands, compared to its average volume of 27,939,817. The firm has a 50-day moving average price of $9.45 and a 200 day moving average price of $9.34. The company has a market cap of $3.45 billion, a P/E ratio of -12.81 and a beta of 4.23. Cleanspark has a 12-month low of $6.45 and a 12-month high of $20.49.

Hedge Funds Weigh In On Cleanspark

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Voya Investment Management LLC increased its stake in Cleanspark by 103.8% in the 1st quarter. Voya Investment Management LLC now owns 149,672 shares of the company's stock worth $1,006,000 after acquiring an additional 76,247 shares during the last quarter. Rhumbline Advisers grew its holdings in shares of Cleanspark by 115.8% in the first quarter. Rhumbline Advisers now owns 720,903 shares of the company's stock valued at $4,844,000 after purchasing an additional 386,809 shares in the last quarter. Strs Ohio bought a new stake in Cleanspark in the first quarter worth $38,000. Belpointe Asset Management LLC raised its stake in Cleanspark by 87.6% during the first quarter. Belpointe Asset Management LLC now owns 19,364 shares of the company's stock valued at $130,000 after purchasing an additional 9,042 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Cleanspark by 16.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 598,994 shares of the company's stock valued at $4,025,000 after purchasing an additional 86,229 shares in the last quarter. 43.12% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Cleanspark news, Director Roger Paul Beynon sold 50,000 shares of the stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $10.51, for a total transaction of $525,500.00. Following the completion of the transaction, the director owned 125,511 shares of the company's stock, valued at $1,319,120.61. This 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 the SEC website. 2.65% of the stock is currently owned by insiders.

Cleanspark Company Profile

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.