Cleanspark (CLSK) Projected to Post Earnings on Friday

Key Points

• Cleanspark (CLSK) is set to release its Q3 2025 earnings on August 8th, with analysts expecting a loss of ($0.03) per share and revenue of $191.33 million.
• In its previous earnings report, Cleanspark missed expectations with a loss of ($0.02) EPS and revenue of $181.71 million, which was below the consensus estimate of $196.43 million.
• Despite recent challenges, a number of analysts maintain a positive outlook, with a consensus target price of $20.69 and multiple "buy" ratings issued for the stock.

Cleanspark (NASDAQ:CLSK - Get Free Report) is projected to announce its Q3 2025 earnings results before the market opens on Friday, August 8th. Analysts expect the company to announce earnings of ($0.03) per share and revenue of $191.33 million for the quarter.

Cleanspark (NASDAQ:CLSK - Get Free Report) last released 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 business had revenue of $181.71 million during the quarter, compared to analyst estimates of $196.43 million. During the same quarter last year, the company posted $0.59 earnings per share. The company's revenue was up 62.5% on a year-over-year basis. On average, analysts expect Cleanspark to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Cleanspark Stock Performance

Shares of CLSK stock traded down $0.93 on Friday, hitting $10.44. The company's stock had a trading volume of 17,843,805 shares, compared to its average volume of 23,393,584. The stock's 50 day moving average is $10.80 and its 200-day moving average is $9.59. Cleanspark has a fifty-two week low of $6.45 and a fifty-two week high of $17.97. The company has a market capitalization of $2.93 billion, a PE ratio of -10.87 and a beta of 3.72.

Analyst Ratings Changes

Several equities analysts recently commented on CLSK shares. BTIG Research restated a "buy" rating on shares of Cleanspark in a research note on Friday, June 13th. Chardan Capital reissued a "buy" rating and issued a $20.00 target price on shares of Cleanspark in a report on Tuesday, July 8th. JPMorgan Chase & Co. boosted their target price on shares of Cleanspark from $14.00 to $15.00 and gave the company an "overweight" rating in a research report on Monday. LADENBURG THALM/SH SH began coverage on shares of Cleanspark in a research report on Monday. They issued a "buy" rating and a $20.25 target price for the company. Finally, B. Riley began coverage on shares of Cleanspark in a research report on Tuesday, July 1st. They issued a "buy" rating and a $16.00 target price for the company. Nine research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Cleanspark presently has a consensus rating of "Buy" and a consensus price target of $20.69.

Insider Activity at Cleanspark

In other 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 value of $525,500.00. Following the completion of the transaction, the director owned 125,511 shares of the company's stock, valued at approximately $1,319,120.61. This represents a 28.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.65% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Cleanspark by 16.8% in the 1st 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 buying an additional 86,229 shares during the last quarter. Caxton Associates LLP bought a new position in Cleanspark in the 1st quarter valued at approximately $169,000. United Services Automobile Association bought a new position in Cleanspark in the 1st quarter valued at approximately $125,000. Integrated Wealth Concepts LLC bought a new position in Cleanspark in the 1st quarter valued at approximately $68,000. Finally, Strs Ohio bought a new position in Cleanspark in the 1st quarter valued at approximately $38,000. Institutional investors own 43.12% of the company's stock.

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.