CleanSpark, Inc. (CLSK) AI Stock Analysis

CleanSpark, Inc. focuses on bitcoin mining operations and provides a range of related services in the data center and cloud computing sectors. Beyond core mining activities, the company offers data center services that encompass rack space, power provisioning, and equipment management to support digital infrastructure needs. CleanSpark also delivers cloud services such as virtualization solutions, virtual storage options, and data backup services for scalable and secure computing environments. Headquartered in Henderson, Nevada, the company was originally incorporated in 1987 as Stratean Inc. and rebranded as CleanSpark, Inc. in November 2016.

CleanSpark achieved a 5-year revenue compound annual growth rate of 138.0% from FY2020 to FY2025. Revenue grew from $39.3M in FY2021 to $131.5M in FY2022, $168.4M in FY2023, $379.0M in FY2024, and $766.3M in FY2025. Net income shifted from -$145.8M in FY2024 to $364.5M in FY2025, with an operating margin of 41.6%. However, for the trailing twelve months, revenue was $679.2M with a net profit margin of -146.9% and diluted EPS of -$3.78. In the latest quarter ended June 30, 2026, quarterly revenue fell 30.5% year-over-year, while quarterly earnings growth was 491.6%.

As of June 30, 2026, CleanSpark held $794.7M in cash and short-term investments against total debt of $1.78B, resulting in net debt of $987.7M. Total assets stood at $2.70B and shareholders' equity was $761.3M, yielding a debt-to-equity ratio of 2.34 and a current ratio of 5.91. Operating cash flow in FY2025 was -$461.0M and free cash flow was -$1.02B. In FY2025, the company deployed $562.9M toward capital expenditures, $145.0M toward share buybacks, and $10.7M in dividends paid, while 5-year share count increased 563.0%.

CleanSpark trades at an enterprise value of $4.42B and a market capitalization of $2.16B. Its forward P/E ratio of 30.5x stands above the 10.8x median of its US-listed Financial Services peers. The stock's EV to EBITDA multiple is 29.8x compared to the peer median of 11.7x, while its price-to-sales ratio of 3.2x matches the peer median of 3.2x. Over the past year, CleanSpark shares declined 58.0%, trailing the S&P 500 (SPY) return of 16.8%. Over 5 years, the stock dropped 46.8% compared to an 83.0% gain for the benchmark index.

Wall Street analysts covering CleanSpark have issued 10 Strong Buy ratings and 4 Buy ratings, with 0 Hold, 0 Sell, and 0 Strong Sell ratings. The mean price target of $23.39 implies an upside of 178.5% over the last close of $8.40 on October 16, 2026. For the current fiscal year ending September 30, 2026, consensus estimates project revenue of $595.1M and an EPS of -$2.19. The company has 0 EPS beats over the last 4 quarters, and its next earnings date is November 24, 2026.

This page is an AI-written research summary of CleanSpark, Inc. (CLSK). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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