Q3 Earnings Estimate for Cleanspark Issued By B. Riley

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

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

CLSK has been the subject of a number of other research reports. BTIG Research reiterated a "buy" rating on shares of Cleanspark in a report on Friday, June 13th. Chardan Capital reiterated a "buy" rating and issued a $20.00 price target on shares of Cleanspark in a research note on Tuesday. Finally, JPMorgan Chase & Co. increased their price target on Cleanspark from $12.00 to $14.00 and gave the company an "overweight" rating in a research note on Friday, June 13th. Eight analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Cleanspark currently has an average rating of "Buy" and an average target price of $20.38.

Cleanspark Price Performance

Shares of CLSK traded down $0.25 on Friday, hitting $12.65. The company's stock had a trading volume of 33,689,208 shares, compared to its average volume of 27,996,323. Cleanspark has a fifty-two week low of $6.45 and a fifty-two week high of $20.49. The firm's fifty day moving average price is $9.95 and its 200-day moving average price is $9.39.

Institutional Trading of Cleanspark

Institutional investors have recently modified their holdings of the stock. Charles Schwab Investment Management Inc. boosted its holdings in shares of Cleanspark by 12.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,464,861 shares of the company's stock valued at $22,701,000 after purchasing an additional 270,026 shares in the last quarter. Arizona State Retirement System boosted its stake in Cleanspark by 9.7% in the fourth quarter. Arizona State Retirement System now owns 73,416 shares of the company's stock valued at $676,000 after buying an additional 6,470 shares in the last quarter. Farther Finance Advisors LLC bought a new position in Cleanspark in the fourth quarter valued at about $125,000. Swiss National Bank grew its position in Cleanspark by 9.7% in the fourth quarter. Swiss National Bank now owns 497,900 shares of the company's stock valued at $4,586,000 after acquiring an additional 44,000 shares during the last quarter. Finally, United Capital Management of KS Inc. raised its stake in Cleanspark by 14.4% during the fourth quarter. United Capital Management of KS Inc. now owns 33,412 shares of the company's stock worth $308,000 after acquiring an additional 4,218 shares in the last quarter. 43.12% of the stock is currently owned by institutional investors.

Insider Transactions at Cleanspark

In related news, Director Roger Paul Beynon sold 50,000 shares of the business's stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $10.51, for a total value of $525,500.00. Following the completion of the sale, the director directly owned 125,511 shares in the company, valued at approximately $1,319,120.61. The trade was a 28.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. 2.65% of the stock is owned by corporate 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.