CLSK Stock Analysis: CleanSpark | NASDAQ
Capital Markets | NASDAQ, USA | Market Cap: 3.395m USD | 12M Return: 10.2% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 326M
Qual. Beats: 0
Rev. Trend: 98.1%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 10.4 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
CleanSpark, Inc. (NASDAQ: CLSK) is a U.S.-based Bitcoin mining company that owns, leases, and operates data centers and power assets across the Americas. The company generates revenue by validating transactions on the Bitcoin blockchain, a process that requires significant computing power and electricity. CleanSpark was incorporated in 1987, originally as Stratean Inc., and adopted its current name in November 2016, with its headquarters located in Henderson, Nevada.
Bitcoin mining is a capital-intensive segment of the digital asset industry, where operators compete using specialized hardware and benefit from access to low-cost, reliable power. CleanSparks strategy of integrating power assets with its data center operations reflects a broader industry trend toward vertical integration to manage energy costs and improve mining margins.
- Bitcoin price swings directly drive mining revenue
- Energy cost management pressures Bitcoin mining margins
- Hashrate expansion boosts operational capacity and revenue
| 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 (859.2m) to EBITDA (205.0m): 4.19 < 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 40.29%; Δ -21.06% > 0.5%) |
| Asset Turnover: 26.56% > 50% (prev 20.23%; Δ 6.34% > 0%) |
| Interest Coverage Ratio: -15.45 > 6 (EBIT TTM -220.4m / 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: 0.51 (Book Value of Equity 986.2m / Total Liabilities 1.93b) |
| Altman-Z'' = 1.16 = BB |
| DSRI: 0.30 (Receivables 111.9m/271.5m, Revenue 739.9m/537.4m) |
| GMI: 2.09 (GM 40.29% / 19.24%) |
| AQI: 1.00 (AQ_t 0.12 / 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 = -2.34 (Cap -4..+1) = BBB |
As of July 08, 2026, the stock is trading at USD 12.48 with a total of 14,451,806 shares traded. Over the past week, the price has changed by -18.80%, over one month by -24.46%, over three months by +37.75% and over the past year by +10.15%.
Current recommended Stop Loss: 9.50 (which is 23.9% or 2.1 ATR below the current price).
CleanSpark has received a consensus analysts rating of 4.75. Therefore, it is recommended to buy CLSK.
- StrongBuy: 9
- Buy: 3
- Hold: 0
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 21.1 | 69.2% |
P/E Forward = 18.5529
P/S = 4.5885
P/B = 3.2839
Revenue TTM = 739.9m USD
EBIT TTM = -220.4m USD
EBITDA TTM = 205.0m USD
Long Term Debt = 1.79b USD (from longTermDebt, last quarter)
Short Term Debt = 2.48m USD (from shortTermDebt, last quarter)
Debt = 1.79b USD (from shortLongTermDebtTotal, last quarter) + Leases 3.28m
Net Debt = 859.2m USD (calculated: Debt 1.79b - CCE 934.7m)
Enterprise Value = 4.25b USD (3.39b + Debt 1.79b - CCE 934.7m)
Interest Coverage Ratio = -15.45 (Ebit TTM -220.4m / Interest Expense TTM 14.3m)
EV/FCF = -3.97x (Enterprise Value 4.25b / FCF TTM -1.07b)
FCF Yield = -25.20% (FCF TTM -1.07b / Enterprise Value 4.25b)
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 = 1.46 (Enterprise Value 4.25b / 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 = 4.19 (Net Debt 859.2m / EBITDA 205.0m)
Debt / FCF = -0.80 (negative FCF - burning cash) (Net Debt 859.2m / 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 = -29.93% (Net Income TTM -500.6m / Total Stockholder Equity 1.67b)
RoCE = -6.37% (EBIT -220.4m / Capital Employed (Equity 1.67b + L.T.Debt 1.79b))
RoIC = -7.25% (negative operating profit) (NOPAT -199.0m / Invested Capital 2.75b)
WACC = 11.99% (E(3.39b)/V(5.19b) * Re(17.95%) + D(1.79b)/V(5.19b) * Rd(0.79%) * (1-Tc(0.10)))
Discount Rate = 17.95% (= 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=+0% | Analysts=2
EPS current Year (2026-09-30): EPS=-3.25 | Chg30d=+1.16% | Revisions=-42% | GrowthEPS=-390.4% | GrowthRev=-16.0%
EPS next Year (2027-09-30): EPS=-0.72 | Chg30d=-17.89% | Revisions=+0% | GrowthEPS=+65.8% | GrowthRev=+20.3%
[Analyst] Revisions Ratio: -42% (up=2, down=7)