Q1 Earnings Estimate for CleanSpark Issued By HC Wainwright

CleanSpark, Inc. (NASDAQ:CLSK - Free Report) - Investment analysts at HC Wainwright raised their Q1 2026 EPS estimates for CleanSpark in a research note issued on Friday, February 7th. HC Wainwright analyst M. Colonnese now forecasts that the company will earn $0.16 per share for the quarter, up from their previous forecast of $0.13. HC Wainwright has a "Buy" rating and a $27.00 price target on the stock. The consensus estimate for CleanSpark's current full-year earnings is $0.29 per share. HC Wainwright also issued estimates for CleanSpark's Q2 2026 earnings at $0.19 EPS and Q3 2026 earnings at $0.22 EPS.

CleanSpark (NASDAQ:CLSK - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The company reported ($0.07) earnings per share for the quarter, beating the consensus estimate of ($0.11) by $0.04. CleanSpark had a net margin of 16.07% and a negative return on equity of 2.81%.

Other equities analysts have also issued reports about the stock. JPMorgan Chase & Co. upgraded shares of CleanSpark from a "neutral" rating to an "overweight" rating and increased their price objective for the company from $10.50 to $17.00 in a report on Tuesday, December 10th. Keefe, Bruyette & Woods started coverage on shares of CleanSpark in a report on Monday, January 27th. They issued an "outperform" rating and a $19.00 target price on the stock. Macquarie increased their target price on shares of CleanSpark from $20.00 to $24.00 and gave the stock an "outperform" rating in a report on Wednesday, December 4th. Finally, Needham & Company LLC started coverage on shares of CleanSpark in a report on Wednesday. They issued a "buy" rating and a $20.00 target price on the stock. Eight analysts have rated the stock with a buy rating, According to MarketBeat, CleanSpark presently has an average rating of "Buy" and a consensus target price of $22.25.

CleanSpark Stock Up 1.4 %

NASDAQ CLSK traded up $0.15 during trading hours on Monday, hitting $10.67. The company's stock had a trading volume of 18,333,193 shares, compared to its average volume of 23,978,361. The stock has a fifty day moving average of $11.05 and a 200 day moving average of $11.42. CleanSpark has a twelve month low of $8.04 and a twelve month high of $24.72. The firm has a market capitalization of $3.00 billion, a P/E ratio of 97.01 and a beta of 4.24.

Institutional Investors Weigh In On CleanSpark

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Compagnie Lombard Odier SCmA acquired a new stake in shares of CleanSpark during the fourth quarter worth $31,000. GAMMA Investing LLC grew its position in CleanSpark by 962.1% in the fourth quarter. GAMMA Investing LLC now owns 3,951 shares of the company's stock valued at $36,000 after purchasing an additional 3,579 shares in the last quarter. Hollencrest Capital Management grew its position in CleanSpark by 33.3% in the third quarter. Hollencrest Capital Management now owns 4,000 shares of the company's stock valued at $37,000 after purchasing an additional 1,000 shares in the last quarter. Russell Investments Group Ltd. grew its position in CleanSpark by 60.0% in the fourth quarter. Russell Investments Group Ltd. now owns 5,859 shares of the company's stock valued at $54,000 after purchasing an additional 2,196 shares in the last quarter. Finally, KBC Group NV grew its position in CleanSpark by 42.0% in the third quarter. KBC Group NV now owns 7,403 shares of the company's stock valued at $69,000 after purchasing an additional 2,190 shares in the last quarter. 43.12% of the stock is currently owned by institutional investors and hedge funds.

About CleanSpark

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.