(CLSK) CleanSpark - Overview
Sector: Financial Services | Industry: Capital Markets | Exchange: NASDAQ (USA) | Market Cap: 3.555m USD | Total Return: 61.8% in 12m
Avg Turnover: 277M
Qual. Beats: 0
Rev. Trend: 98.1%
Qual. Beats: 0
Warnings
Extended 1w Choppy
Tailwinds
Leader
CleanSpark, Inc. (CLSK) is a Nevada-based bitcoin mining enterprise that owns and operates specialized data centers and power infrastructure across the Americas. Originally incorporated in 1987 as Stratean Inc., the firm transitioned to its current name and strategic focus in 2016, positioning itself as a key infrastructure provider for the Bitcoin network.
The company’s business model centers on the conversion of electricity into hash power to secure the blockchain in exchange for block rewards. Bitcoin mining is a capital-intensive sector where profitability is heavily dictated by energy procurement costs and the efficiency of Application-Specific Integrated Circuit (ASIC) hardware. For deep-dive metrics on these operational efficiencies, ValueRay offers comprehensive data sets. As a digital commodity producer, CleanSpark manages both the physical data center assets and the underlying power agreements required to maintain continuous mining operations.
- Expansion of owned data center capacity drives total hash rate growth
- Bitcoin price volatility directly impacts quarterly revenue and net mining margins
- Electricity costs and energy infrastructure efficiency determine long-term operational profitability
- Network difficulty adjustments and halving events influence total bitcoin production volume
- Institutional adoption of digital assets dictates equity valuation and capital market access
| Net Income: -500.6m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.37 > 0.02 and ΔFCF/TA 9.41 > 1.0 |
| NWC/Revenue: 130.6% < 20% (prev 156.0%; Δ -25.41% < -1%) |
| CFO/TA -0.18 > 3% & CFO -526.3m > Net Income -500.6m |
| Net Debt (1.53b) to EBITDA (205.0m): 7.48 < 3 |
| Current Ratio: 8.26 > 1.5 & < 3 |
| Outstanding Shares: last quarter (267.8m) vs 12m ago -4.64% < -2% |
| Gross Margin: 19.24% > 18% (prev 0.40%; Δ 1.88k% > 0.5%) |
| Asset Turnover: 26.56% > 50% (prev 20.23%; Δ 6.34% > 0%) |
| Interest Coverage Ratio: -15.45 > 6 (EBITDA TTM 205.0m / Interest Expense TTM 14.3m) |
| A: 0.33 (Total Current Assets 1.10b - Total Current Liabilities 133.1m) / Total Assets 2.91b |
| B: -0.31 (Retained Earnings -912.9m / Total Assets 2.91b) |
| C: -0.08 (EBIT TTM -220.4m / Avg Total Assets 2.79b) |
| D: -0.47 (Book Value of Equity -912.6m / Total Liabilities 1.93b) |
| Altman-Z'' = 0.12 = B |
| DSRI: 0.58 (Receivables 111.9m/140.0m, Revenue 739.9m/537.4m) |
| GMI: 2.09 (GM 19.24% / 40.29%) |
| AQI: 0.99 (AQ_t 0.11 / AQ_t-1 0.12) |
| SGI: 1.38 (Revenue 739.9m / 537.4m) |
| TATA: 0.01 (NI -500.6m - CFO -526.3m) / TA 2.91b) |
| Beneish M = -2.11 (Cap -4..+1) = BB |
As of May 24, 2026, the stock is trading at USD 15.76 with a total of 20,145,485 shares traded.
Over the past week, the price has changed by +21.82%,
over one month by +30.79%,
over three months by +62.63% and
over the past year by +61.80%.
CleanSpark has received a consensus analysts rating of 4.40. Therefore, it is recommended to buy CLSK.
- StrongBuy: 5
- Buy: 4
- Hold: 1
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 20.4 | 29.3% |
P/S = 4.8052
P/B = 2.6274
Revenue TTM = 739.9m USD
EBIT TTM = -220.4m USD
EBITDA TTM = 205.0m USD
Long Term Debt = 644.6m USD (from longTermDebt, last fiscal year)
Short Term Debt = 2.48m USD (from shortTermDebt, last quarter)
Debt = 1.79b USD (from shortLongTermDebtTotal, last quarter) + Leases 3.28m
Net Debt = 1.53b USD (calculated: Debt 1.79b - CCE 260.3m)
Enterprise Value = 5.09b USD (3.56b + Debt 1.79b - CCE 260.3m)
Interest Coverage Ratio = -15.45 (Ebit TTM -220.4m / Interest Expense TTM 14.3m)
EV/FCF = -4.75x (Enterprise Value 5.09b / FCF TTM -1.07b)
FCF Yield = -21.07% (FCF TTM -1.07b / Enterprise Value 5.09b)
FCF Margin = -144.9% (FCF TTM -1.07b / Revenue TTM 739.9m)
Net Margin = -67.66% (Net Income TTM -500.6m / Revenue TTM 739.9m)
Gross Margin = 19.24% ((Revenue TTM 739.9m - Cost of Revenue TTM 597.5m) / Revenue TTM)
Gross Margin QoQ = -63.11% (prev 34.10%)
Tobins Q-Ratio = 1.75 (Enterprise Value 5.09b / Total Assets 2.91b)
Interest Expense / Debt = 0.79% (Interest Expense 14.3m / Debt 1.79b)
Taxrate = 9.69% (39.1m / 403.6m)
NOPAT = -199.0m (EBIT -220.4m * (1 - 9.69%)) [loss with tax shield]
Current Ratio = 8.26 (Total Current Assets 1.10b / Total Current Liabilities 133.1m)
Debt / Equity = 1.82 (Debt 1.79b / totalStockholderEquity, last quarter 986.2m)
Debt / EBITDA = 7.48 (Net Debt 1.53b / EBITDA 205.0m)
Debt / FCF = -1.43 (negative FCF - burning cash) (Net Debt 1.53b / FCF TTM -1.07b)
Total Stockholder Equity = 1.67b (last 4 quarters mean from totalStockholderEquity)
RoA = -17.97% (Net Income -500.6m / Total Assets 2.91b)
RoE = -19.36% (Net Income TTM -500.6m / Total Stockholder Equity 2.59b)
RoCE = -6.82% (EBIT -220.4m / Capital Employed (Equity 2.59b + L.T.Debt 644.6m))
RoIC = -7.15% (negative operating profit) (NOPAT -199.0m / Invested Capital 2.78b)
WACC = 12.09% (E(3.56b)/V(5.35b) * Re(17.83%) + D(1.79b)/V(5.35b) * Rd(0.79%) * (1-Tc(0.10)))
Discount Rate = 17.83% (= CAPM, Blume Beta Adj.) -> capped to 13.17%
Shares (quarterly) Correlation: 53.94 | Cagr: 19.09%
[DCF] Fair Price = unknown (Cash Flow -1.07b)
EPS Correlation: N/A | EPS CAGR: N/A | SUE: -0.34 | # QB: 0
Revenue Correlation: 98.09 | Revenue CAGR: 91.68% | SUE: -0.52 | # QB: 0
EPS current Quarter (2026-06-30): EPS=-0.26 | Chg30d=-41.67% | Revisions=N/A | Analysts=2
EPS current Year (2026-09-30): EPS=-3.29 | Chg30d=-50.26% | Revisions=-33% | GrowthEPS=-393.9% | GrowthRev=-16.2%
EPS next Year (2027-09-30): EPS=-0.51 | Chg30d=+16.54% | Revisions=N/A | GrowthEPS=+65.8% | GrowthRev=+16.8%
[Analyst] Revisions Ratio: -33%