CleanSpark, Inc. logo

CleanSpark, Inc.

CLSK

NASDAQFinancial ServicesFinancial - Capital Markets

Previous close

$11.98

−$0.62 · -4.92%

Aug 21, 4:00 PM ET

CLSK company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Sell

Trim exposure — unfavorable risk-reward

Valuation

40

Expensive

Momentum

32

Weakening

Sentiment

66

Bullish

Risk resilience

15

Extreme Risk

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Company profile

Company website

CleanSpark, Inc. is a global enterprise specializing in cryptocurrency mining and advanced energy technologies. The company's operations are divided into two primary divisions: Digital Currency Mining and Energy Solutions. Its Digital Currency Mining segment is dedicated to the extraction of bitcoin. The Energy Solutions division offers a comprehensive suite of services, including engineering expertise, software development, bespoke hardware, and solutions for open automated demand response, solar power, and energy storage. These offerings cater to microgrids and decentralized energy systems, serving a diverse client base across military, commercial, and residential sectors. This segment also develops sophisticated platforms that facilitate the creation, deployment, operation, and management of various energy assets. Key products within this portfolio include mPulse and mVoult, which are control systems designed to integrate and optimize diverse energy sources. It also provides Canvas, a middleware platform empowering grid operators and aggregators to oversee demand-side management programs, and Plaid, a similar middleware enabling control and Internet-of-Things companies to engage in such initiatives. Furthermore, mVSO is proprietary software for internal microgrid design and modeling. CleanSpark also possesses innovative gasification energy technologies, including those used to produce feedstock for di-methyl ether. Beyond these core activities, CleanSpark offers technology consulting, encompassing design and software development. It also extends data center facilities, providing rack space, power, and essential equipment, alongside a suite of cloud services like virtual servers, virtual storage, and data backup solutions. Originally established in 1987 as Stratean Inc., the company rebranded as CleanSpark, Inc. in November 2016. Its corporate headquarters are situated in Henderson, Nevada.

Industry
Financial - Capital Markets
Sector
Financial Services
Headquarters
US
CEO
S. Matthew Schultz
Listed since
Nov 16, 2016
Employees
312

Market position

Day range

Current $11.98

52-week range

Current $11.98

Open
$13.11
Previous close
$12.60
Volume
28.23M
1.26× average
Average volume
22.43M
Average daily volume
Market cap
3.07B USD
Beta
3.89
Market reference 1
50-day average
$14.0004
-14.43% below average
200-day average
$12.6213
-5.08% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
4.87B USD
P/E (TTM)
-3.2×
P/B (TTM)
4.22×
P/S (TTM)
4.53×
EV / EBITDA
6.38×
Earnings yield
8.91%
Free cash flow yield
-25.02%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
-5.31%
Operating margin
-79.39%
Net margin
-146.90%
Return on equity
16.76%
Return on assets
11.45%
Return on invested capital
9.46%

Financial health

Debt / equity
2.34×
Current ratio
4.18×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends61%9%-43%-95%Gross margin, FY2021: 32.69%Gross margin, FY2022: 37.54%Gross margin, FY2023: 17.29%Gross margin, FY2024: 36.77%Gross margin, FY2025: 41.61%Operating margin, FY2021: -30.29%Operating margin, FY2022: -28.79%Operating margin, FY2023: -77.81%Operating margin, FY2024: -39.33%Operating margin, FY2025: 41.62%Net margin, FY2021: -55.52%Net margin, FY2022: -43.59%Net margin, FY2023: -82.03%Net margin, FY2024: -38.47%Net margin, FY2025: 47.56%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 32.69%. Gross margin FY2022 37.54%. Gross margin FY2023 17.29%. Gross margin FY2024 36.77%. Gross margin FY2025 41.61%. Operating margin FY2021 -30.29%. Operating margin FY2022 -28.79%. Operating margin FY2023 -77.81%. Operating margin FY2024 -39.33%. Operating margin FY2025 41.62%. Net margin FY2021 -55.52%. Net margin FY2022 -43.59%. Net margin FY2023 -82.03%. Net margin FY2024 -38.47%. Net margin FY2025 47.56%.

Income trends

Revenue

766.31M USD+102.21%

Operating income

318.95M USD+467.99M USD

Net income

364.46M USD+510.24M USD
Income trends across reported periods857.85M USD491.71M USD125.56M USD−240.58M USDRevenue, FY2021: 39.29M USDRevenue, FY2022: 131.53M USDRevenue, FY2023: 168.41M USDRevenue, FY2024: 378.97M USDRevenue, FY2025: 766.31M USDOperating income, FY2021: −11.9M USDOperating income, FY2022: −37.86M USDOperating income, FY2023: −131.04M USDOperating income, FY2024: −149.04M USDOperating income, FY2025: 318.95M USDNet income, FY2021: −21.81M USDNet income, FY2022: −57.33M USDNet income, FY2023: −138.15M USDNet income, FY2024: −145.78M USDNet income, FY2025: 364.46M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 39.29M USD. Revenue FY2022 131.53M USD. Revenue FY2023 168.41M USD. Revenue FY2024 378.97M USD. Revenue FY2025 766.31M USD. Operating income FY2021 −11.9M USD. Operating income FY2022 −37.86M USD. Operating income FY2023 −131.04M USD. Operating income FY2024 −149.04M USD. Operating income FY2025 318.95M USD. Net income FY2021 −21.81M USD. Net income FY2022 −57.33M USD. Net income FY2023 −138.15M USD. Net income FY2024 −145.78M USD. Net income FY2025 364.46M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue766.31M USD378.97M USD168.41M USD131.53M USD39.29M USD
Cost of goods sold447.48M USD239.61M USD139.29M USD82.15M USD26.44M USD
Gross profit318.83M USD139.36M USD29.11M USD49.37M USD12.84M USD
Selling, general, and administrative66.41M USD43.99M USD31.69M USD16.89M USD12.25M USD
Operating expenses−115K USD288.4M USD160.16M USD87.24M USD24.74M USD
Interest income4.13M USD8.56M USD481K USD190K USD221.49K USD
Interest expense11.34M USD2.46M USD2.98M USD1.08M USD145.73K USD
Depreciation and amortization348.34M USD154.61M USD120.73M USD49.05M USD9.34M USD
Operating income318.95M USD−149.04M USD−131.04M USD−37.86M USD−11.9M USD
Net income364.46M USD−145.78M USD−138.15M USD−57.33M USD−21.81M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
36%
4 beats, 7 misses, 0 met estimates
Average EPS surprise
-69.29%
11 comparable reports
Latest EPS result
-0.89
Estimate -0.47 · Miss by 88.36%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates1.020.11-0.8-1.71Q1 '25BeatQ2 '25MissQ3 '25BeatQ4 '25MissQ1 '26MissQ2 '26MissQ3 '26MissQ4 '26Estimate
Q1 2025, reported Feb 6, 2025: actual 0.83, estimate 0.035, surprise +2271.43%, Beat. Q2 2025, reported May 8, 2025: actual -0.49, estimate 0.03, surprise -1733.33%, Miss. Q3 2025, reported Aug 7, 2025: actual 0.78, estimate 0.304, surprise +156.92%, Beat. Q4 2025, reported Nov 25, 2025: actual -0.01, estimate 0.261, surprise -103.83%, Miss. Q1 2026, reported Feb 5, 2026: actual -1.33, estimate -0.08, surprise -1562.50%, Miss. Q2 2026, reported May 11, 2026: actual -1.52, estimate -0.25, surprise -508.00%, Miss. Q3 2026, reported Aug 6, 2026: actual -0.89, estimate -0.473, surprise -88.36%, Miss. Q4 2026, reported Nov 24, 2026: actual —, estimate -0.298, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates242.24M203.86M165.48M127.09MQ1 '25BeatQ2 '25MissQ3 '25MissQ4 '25MissQ1 '26MissQ2 '26MissQ3 '26MissQ4 '26Estimate
Q1 2025, reported Feb 6, 2025: actual 162.3M USD, estimate 154.25M USD, surprise +5.22%, Beat. Q2 2025, reported May 8, 2025: actual 181.71M USD, estimate 188.42M USD, surprise -3.56%, Miss. Q3 2025, reported Aug 7, 2025: actual 198.64M USD, estimate 198.86M USD, surprise -0.11%, Miss. Q4 2025, reported Nov 25, 2025: actual 223.65M USD, estimate 232.93M USD, surprise -3.98%, Miss. Q1 2026, reported Feb 5, 2026: actual 181.18M USD, estimate 192.14M USD, surprise -5.71%, Miss. Q2 2026, reported May 11, 2026: actual 136.41M USD, estimate 145.36M USD, surprise -6.16%, Miss. Q3 2026, reported Aug 6, 2026: actual 138.01M USD, estimate 142.37M USD, surprise -3.06%, Miss. Q4 2026, reported Nov 24, 2026: actual —, estimate 138.85M USD, surprise —, Comparison unavailable.

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