Equities Analysts Issue Forecasts for CleanSpark Q2 Earnings

CleanSpark, Inc. (NASDAQ:CLSK) – Equities research analysts at HC Wainwright increased their Q2 2025 earnings estimates for CleanSpark in a report issued on Tuesday, December 3rd. HC Wainwright analyst M. Colonnese now anticipates that the company will earn $0.00 per share for the quarter, up from their prior estimate of ($0.01). HC Wainwright has a “Buy” rating and a $27.00 price objective on the stock. The consensus estimate for CleanSpark’s current full-year earnings is ($0.26) per share. HC Wainwright also issued estimates for CleanSpark’s Q2 2026 earnings at $0.16 EPS, Q3 2026 earnings at $0.17 EPS and Q4 2026 earnings at $0.14 EPS.

Other analysts have also recently issued research reports about the company. Macquarie started coverage on CleanSpark in a research report on Wednesday, September 25th. They issued an “outperform” rating and a $20.00 price target for the company. Cantor Fitzgerald restated an “overweight” rating and set a $23.00 target price on shares of CleanSpark in a research note on Thursday, October 3rd. Finally, JPMorgan Chase & Co. dropped their price target on shares of CleanSpark from $12.50 to $10.50 and set a “neutral” rating for the company in a research report on Friday, August 23rd. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, CleanSpark presently has an average rating of “Moderate Buy” and a consensus price target of $21.42.

CleanSpark Price Performance

NASDAQ:CLSK opened at $13.95 on Wednesday. CleanSpark has a one year low of $6.41 and a one year high of $24.72. The business has a fifty day moving average price of $12.06 and a 200-day moving average price of $13.51. The firm has a market capitalization of $3.53 billion, a price-to-earnings ratio of -24.05 and a beta of 4.16.

Institutional Investors Weigh In On CleanSpark

A number of hedge funds have recently made changes to their positions in the company. National Bank of Canada FI boosted its position in shares of CleanSpark by 470.9% during the 2nd quarter. National Bank of Canada FI now owns 2,569 shares of the company’s stock valued at $41,000 after acquiring an additional 2,119 shares during the last quarter. Hollencrest Capital Management bought a new position in CleanSpark during the second quarter valued at $48,000. KBC Group NV grew its stake in shares of CleanSpark by 42.0% in the 3rd quarter. KBC Group NV now owns 7,403 shares of the company’s stock worth $69,000 after buying an additional 2,190 shares in the last quarter. Amalgamated Bank increased its holdings in shares of CleanSpark by 18.4% in the 2nd quarter. Amalgamated Bank now owns 7,667 shares of the company’s stock worth $122,000 after buying an additional 1,194 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale raised its position in shares of CleanSpark by 21.2% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 7,689 shares of the company’s stock valued at $75,000 after buying an additional 1,345 shares in the last quarter. 43.12% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at CleanSpark

In other CleanSpark news, Director Thomas Leigh Wood sold 22,222 shares of the stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $9.24, for a total transaction of $205,331.28. Following the completion of the transaction, the director now owns 137,050 shares of the company’s stock, valued at $1,266,342. This represents a 13.95 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold a total of 26,272 shares of company stock valued at $254,836 in the last three months. 2.99% of the stock is currently 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.