What is B. Riley's Forecast for Cleanspark Q3 Earnings?

Cleanspark, Inc. (NASDAQ:CLSK - Free Report) - Research analysts at B. Riley issued their Q3 2025 earnings estimates for shares of Cleanspark in a research note issued on Wednesday, July 9th. B. Riley analyst N. Giles forecasts that the company will post earnings per share of $0.07 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 $0.02 EPS and FY2025 earnings at $0.03 EPS.

A number of other brokerages have also recently commented on CLSK. BTIG Research reiterated a "buy" rating on shares of Cleanspark in a research report on Friday, June 13th. JPMorgan Chase & Co. lifted their target price on shares of Cleanspark from $12.00 to $14.00 and gave the stock an "overweight" rating in a research report on Friday, June 13th. Finally, Chardan Capital restated a "buy" rating and issued a $20.00 price objective on shares of Cleanspark in a research report on Tuesday, July 8th. Eight analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $20.38.

Cleanspark Stock Performance

NASDAQ:CLSK traded down $0.05 during trading hours on Friday, reaching $12.60. The company's stock had a trading volume of 43,958,071 shares, compared to its average volume of 28,055,465. The firm has a market capitalization of $3.54 billion, a price-to-earnings ratio of -13.12 and a beta of 4.23. The firm has a 50-day simple moving average of $9.95 and a 200-day simple moving average of $9.37. Cleanspark has a 1 year low of $6.45 and a 1 year high of $20.49.

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

Institutional Investors Weigh In On Cleanspark

A number of large investors have recently modified their holdings of CLSK. Vanguard Group Inc. boosted its stake in shares of Cleanspark by 22.8% during the 1st quarter. Vanguard Group Inc. now owns 24,145,612 shares of the company's stock valued at $162,259,000 after purchasing an additional 4,489,866 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Cleanspark by 1,018.1% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,687,022 shares of the company's stock valued at $15,538,000 after purchasing an additional 1,536,145 shares in the last quarter. Jump Financial LLC bought a new stake in shares of Cleanspark during the 4th quarter valued at about $13,443,000. Principal Financial Group Inc. boosted its stake in shares of Cleanspark by 6,449.7% during the 1st quarter. Principal Financial Group Inc. now owns 1,387,943 shares of the company's stock valued at $9,327,000 after purchasing an additional 1,366,752 shares in the last quarter. Finally, Nuveen LLC bought a new stake in shares of Cleanspark during the 1st quarter valued at about $8,109,000. Institutional investors own 43.12% of the company's stock.

Insider Activity

In other news, Director Roger Paul Beynon sold 50,000 shares of Cleanspark 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 sale, the director owned 125,511 shares of the company's stock, valued at approximately $1,319,120.61. The trade was a 28.49% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 2.65% 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.