Northland Securities Forecasts Cleanspark FY2026 Earnings

Key Points

• Northland Securities cut its CleanSpark earnings forecasts: FY2026 EPS is now expected at a loss of $1.41, down from a $1.13 loss estimate, while FY2027 EPS is projected at a $1.49 loss. Both forecasts are below the current consensus.
• CleanSpark reported a quarterly loss of $0.89 per share, missing the $0.47 consensus estimate, while revenue of $138.01 million fell short of expectations and declined 30.5% year over year.
• Despite the weaker earnings outlook, analyst sentiment remains broadly positive, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $23.88. Shares remain highly volatile, with a beta of 3.86 and significant exposure to Bitcoin-market conditions.

Cleanspark, Inc. (NASDAQ:CLSK - Free Report) - Research analysts at Northland Securities lowered their FY2026 earnings per share estimates for shares of Cleanspark in a research note issued to investors on Thursday, August 6th. Northland Securities analyst M. Grondahl now anticipates that the company will post earnings per share of ($1.41) for the year, down from their previous estimate of ($1.13). The consensus estimate for Cleanspark's current full-year earnings is ($1.23) per share. Northland Securities also issued estimates for Cleanspark's Q4 2026 earnings at ($0.38) EPS, Q1 2027 earnings at ($0.39) EPS, Q2 2027 earnings at ($0.38) EPS, Q3 2027 earnings at ($0.37) EPS, Q4 2027 earnings at ($0.36) EPS and FY2027 earnings at ($1.49) EPS.

CLSK has been the subject of a number of other research reports. Keefe, Bruyette & Woods boosted their price objective on shares of Cleanspark from $16.00 to $25.00 and gave the company an "outperform" rating in a report on Tuesday, July 28th. Citigroup began coverage on shares of Cleanspark in a report on Wednesday, June 24th. They set an "outperform" rating on the stock. Chardan Capital reiterated a "buy" rating and issued a $21.00 price target on shares of Cleanspark in a research report on Monday. Weiss Ratings cut Cleanspark from a "sell (d)" rating to a "sell (d-)" rating in a research note on Friday, May 22nd. Finally, Citizens Jmp assumed coverage on Cleanspark in a research report on Wednesday, June 24th. They set a "market outperform" rating and a $27.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $23.88.

Cleanspark Price Performance

NASDAQ:CLSK opened at $11.59 on Tuesday. Cleanspark has a 52 week low of $8.00 and a 52 week high of $23.61. The company has a debt-to-equity ratio of 2.34, a quick ratio of 2.11 and a current ratio of 5.91. The firm's 50-day simple moving average is $14.74 and its 200 day simple moving average is $12.65. The firm has a market cap of $2.98 billion, a price-to-earnings ratio of -3.07 and a beta of 3.86.

Cleanspark (NASDAQ:CLSK - Get Free Report) last posted 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 the consensus estimate of $142.37 million. Cleanspark had a negative return on equity of 18.63% and a negative net margin of 146.90%.The firm's quarterly revenue was down 30.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.90 EPS.

Institutional Investors Weigh In On Cleanspark

Several hedge funds have recently modified their holdings of CLSK. Situational Awareness LP increased its position in Cleanspark by 648.4% in the 1st quarter. Situational Awareness LP now owns 12,276,139 shares of the company's stock valued at $104,470,000 after acquiring an additional 10,635,739 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Cleanspark by 81.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 14,102,777 shares of the company's stock worth $120,007,000 after buying an additional 6,323,715 shares during the period. Marex Group plc increased its stake in shares of Cleanspark by 23,812.2% in the fourth quarter. Marex Group plc now owns 5,400,561 shares of the company's stock valued at $54,654,000 after buying an additional 5,377,976 shares during the period. Voloridge Investment Management LLC bought a new position in Cleanspark during the 3rd quarter worth approximately $56,056,000. Finally, Renaissance Technologies LLC bought a new stake in Cleanspark during the fourth quarter valued at $26,125,000. Institutional investors and hedge funds own 43.12% of the company's stock.

Trending Headlines about Cleanspark

Here are the key news stories impacting Cleanspark this week:

• Positive Sentiment: Analyst support remains strong: Chardan Capital reaffirmed a “Buy” rating and set a $21 price target, implying substantial upside from recent levels. Cantor Fitzgerald reiterated its “Overweight” rating, while Maxim Group maintained its “Buy” recommendation. Chardan Capital rating Cantor Fitzgerald rating Maxim Group rating
• Positive Sentiment: HC Wainwright also issued a Buy rating while forecasting fiscal 2026 EPS of negative $1.46. Although the estimate is below the broader consensus of negative $1.23, the rating indicates the firm sees longer-term value in the Bitcoin miner.
• Neutral Sentiment: CleanSpark’s stock remains highly volatile, with a beta of 3.86, and trades below its 50-day moving average. This leaves the shares particularly sensitive to Bitcoin prices, mining economics and changes in investor risk appetite.
• Negative Sentiment: Northland Securities reduced earnings estimates across fiscal 2026 and 2027. Its FY2026 EPS forecast fell to negative $1.41 from negative $1.13, while FY2027 fell sharply to negative $1.49 from negative $0.62. Quarterly 2027 estimates were also lowered, signaling expectations for more prolonged losses and likely weighing on investor sentiment.
• Negative Sentiment: Cryptocurrency-related selling pressured the sector: CleanSpark declined alongside Riot Platforms and MARA Holdings after Strategy reportedly sold Bitcoin and shares. The move highlights the company’s exposure to Bitcoin price fluctuations and broader miner-sector sentiment. Bitcoin miner sector decline

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.

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