CleanSpark, Inc. (CLSKW) Stock Analysis
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
CleanSpark, Inc. (CLSKW) trades at $0.37 with AI Score 59/100 (Grade B). CleanSpark, Inc. is a bitcoin mining company that owns and operates data centers powered by low-carbon energy sources. Market cap: $4.06B, Sector: Financial services.
Price as of Jul 23, 2026 · Last analyzed: May 9, 2026Analyst Coverage for CLSKW: CLSKW does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates CLSKW against Financial Services peers across nine fundamental dimensions and assigns a mixed fundamental profile based on the underlying data.
CLSKW: 2/3 scored disciplines lean bearish. Dominant signal: Seth Klarman bearish.
How is this calculated? →Why this analysis is different
- A 9-signal quantitative MoonshotScore built from filings, insider activity, and market data — computed from the numbers, not from opinion.
- An AI Council read across up to eight perspectives — value, macro, quantitative, and momentum lenses — that shows where they disagree instead of averaging the tension away.
- Figures come straight from FMP and Yahoo Finance filings data. The AI writes the narrative around the numbers — it never edits the numbers.
CleanSpark, Inc. (CLSKW) Financial Services Profile
CleanSpark, Inc. operates as a bitcoin miner in the Americas, focusing on data centers powered by low-carbon energy. The company supports Bitcoin, a digital commodity, and aims to promote financial independence. With a focus on sustainable energy, CleanSpark seeks to differentiate itself in the competitive cryptocurrency mining sector.
What Is the Investment Thesis for CLSKW?
CleanSpark operates in the high-growth cryptocurrency mining sector, capitalizing on the increasing adoption of Bitcoin. The company's focus on low-carbon energy sources provides a competitive advantage as environmental concerns surrounding Bitcoin mining intensify. With a gross margin of 41.4%, CleanSpark demonstrates its ability to generate profits from its mining operations. Key growth catalysts include expanding data center capacity, optimizing energy costs, and increasing Bitcoin production. Potential risks include Bitcoin price volatility, regulatory changes, and competition from other miners. The company's beta of 3.54 indicates high volatility relative to the market.
Based on FMP financials and quantitative analysis
CLSKW Key Highlights
- Gross Margin of 41.4% indicates efficient mining operations.
- Focus on low-carbon power sources provides a competitive advantage in environmentally conscious markets.
- Operates data centers across the Americas, providing geographic diversification.
- Market Cap of $4.06B reflects the company's current valuation in the market.
- Profit Margin of -33.2% indicating the company is currently unprofitable.
Who Are CLSKW's Competitors?
CLSKW is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| MARA Marathon Digital Holdings, Inc. | $12.77 | +2.90% | $4.87B | — |
| RIOT Riot Platforms, Inc. | $24.10 | +3.08% | $9.11B | — |
| MKTX MarketAxess Holdings Inc. | $114.31 | +1.20% | $4.06B | 64 |
| MIAX Miami International Holdings, Inc. | $41.67 | -0.33% | $4.03B | 55 |
| PJT PJT Partners Inc. | $164.20 | -0.02% | $4.24B | 80 |
| LAZ Lazard Ltd | $43.05 | -1.22% | $4.24B | 54 |
| FNNTF flatexDEGIRO AG | $43.25 | +3.10% | $4.63B | 62 |
| MC Moelis & Company | $65.57 | -0.44% | $4.88B | 68 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are CLSKW's Key Strengths?
- Focus on low-carbon energy sources.
- Ownership and operation of data centers.
- Expertise in Bitcoin mining operations.
- Established presence in the Americas.
What Are CLSKW's Weaknesses?
- Reliance on Bitcoin price volatility.
- High energy consumption.
- Competition from other miners.
- Negative profit margin.
What Could Drive CLSKW Stock Higher?
- Expansion of data center capacity to increase Bitcoin production.
- Optimization of energy costs through strategic partnerships and energy-efficient technologies.
- Potential regulatory changes in the cryptocurrency industry that could impact mining operations.
- Fluctuations in Bitcoin price affecting profitability.
What Are the Key Risks for CLSKW?
- Financial-distress signal — its Altman Z-Score of 1.23 sits in the distress zone (elevated bankruptcy risk).
- Negative return on equity (-29.9%) — the business is not currently generating profit on shareholder capital.
- Weak fundamentals — a Piotroski F-Score of 1/9 flags soft profitability, leverage or efficiency.
- Bitcoin price volatility impacting revenue and profitability.
- Regulatory changes in the cryptocurrency industry affecting mining operations.
- Competition from other Bitcoin miners.
- High energy consumption and environmental concerns.
What Are the Growth Opportunities for CLSKW?
- Expansion of Data Center Capacity: CleanSpark can increase its Bitcoin production by expanding its data center capacity. Investing in new facilities and upgrading existing infrastructure will allow the company to deploy more mining hardware and increase its share of the Bitcoin network's hashrate. The market for data center infrastructure is projected to grow, presenting opportunities for CleanSpark to secure resources and scale its operations. This expansion directly translates to increased revenue from Bitcoin mining rewards.
- Optimization of Energy Costs: Energy costs represent a significant portion of CleanSpark's operating expenses. By optimizing its energy procurement strategies and investing in energy-efficient technologies, the company can reduce its cost per Bitcoin mined and improve its profitability. Exploring partnerships with renewable energy providers and implementing advanced cooling systems can contribute to significant cost savings. The global market for energy-efficient technologies is expanding, offering CleanSpark access to innovative solutions.
- Geographic Diversification: Expanding its operations beyond the Americas can mitigate risks associated with regional regulations and energy market fluctuations. Establishing data centers in other regions with favorable energy costs and regulatory environments can enhance CleanSpark's resilience and global reach. This diversification strategy can also provide access to new markets and customer segments. The global market for Bitcoin mining is expanding, presenting opportunities for CleanSpark to establish a presence in emerging markets.
- Strategic Partnerships: Collaborating with other companies in the cryptocurrency ecosystem can create synergies and unlock new revenue streams. Partnering with Bitcoin wallet providers, exchanges, and other service providers can expand CleanSpark's reach and enhance its brand recognition. These partnerships can also provide access to new technologies and expertise. The cryptocurrency industry is characterized by collaboration and innovation, presenting opportunities for CleanSpark to forge strategic alliances.
- Development of Proprietary Technologies: Investing in research and development to create proprietary mining hardware and software can provide a competitive advantage. Developing more efficient mining rigs and optimizing mining algorithms can increase CleanSpark's Bitcoin production and reduce its energy consumption. This technological innovation can also create intellectual property that can be licensed to other companies. The market for cryptocurrency mining technologies is constantly evolving, presenting opportunities for CleanSpark to become a leader in innovation.
What Opportunities Does CLSKW Have?
- Expansion of data center capacity.
- Optimization of energy costs.
- Geographic diversification.
- Strategic partnerships.
What Threats Does CLSKW Face?
- Bitcoin price volatility.
- Regulatory changes.
- Increased competition.
- Technological advancements.
What Are CLSKW's Competitive Advantages?
- Focus on low-carbon energy provides a competitive advantage.
- Ownership and operation of data centers.
- Expertise in Bitcoin mining operations.
- Established presence in the Americas.
What Does CLSKW Do?
CleanSpark, Inc., established in 1987 and formerly known as Stratean Inc., transitioned to its current focus as a bitcoin miner in November 2016. Headquartered in Henderson, Nevada, CleanSpark owns and operates data centers across the Americas. These data centers are primarily powered by low-carbon energy sources, aligning with the company's commitment to sustainable bitcoin mining practices. CleanSpark's infrastructure supports the Bitcoin network, a decentralized digital currency. The company positions Bitcoin as a tool for financial independence and inclusion, emphasizing its potential to democratize access to financial services. CleanSpark's operations involve deploying and managing advanced mining hardware, optimizing energy consumption, and securing Bitcoin rewards for validating transactions on the blockchain. As a publicly traded company, CleanSpark aims to expand its mining capacity, enhance its energy efficiency, and contribute to the growth of the Bitcoin ecosystem.
What Products and Services Does CLSKW Offer?
- Operates data centers that primarily run on low-carbon power.
- Mines Bitcoin, a digital commodity.
- Provides infrastructure to support the Bitcoin network.
- Secures Bitcoin rewards for validating transactions on the blockchain.
- Manages and deploys advanced mining hardware.
- Optimizes energy consumption in its data centers.
How Does CLSKW Make Money?
- Generates revenue by mining Bitcoin.
- Secures Bitcoin rewards for validating transactions on the blockchain.
- Operates data centers that support Bitcoin mining.
- Focuses on low-carbon power sources to reduce energy costs.
What Industry Does CLSKW Operate In?
CleanSpark operates within the financial services sector, specifically in the rapidly evolving cryptocurrency mining industry. The market is characterized by increasing demand for Bitcoin and other cryptocurrencies, driving the need for robust mining infrastructure. The industry faces challenges related to energy consumption and environmental impact, leading to a growing emphasis on sustainable mining practices. CleanSpark's focus on low-carbon power positions it favorably in this evolving landscape. The competitive landscape includes large-scale mining operations and smaller, specialized miners, all vying for a share of the Bitcoin network's rewards.
Who Are CLSKW's Key Customers?
- The Bitcoin network.
- Investors interested in cryptocurrency mining.
- Entities seeking exposure to Bitcoin.
Net buyingInsider Activity
Over the past six months, CleanSpark, Inc. insiders filed 15 SEC Form 4 transactions — 9 sales and 6 purchases. On net that is roughly 20K shares acquired (about $155K) — insiders putting money in tends to read as conviction.
FY2026 estForward Outlook
Wall Street analysts project CleanSpark, Inc. revenue of about $635.3M for fiscal 2026, with EPS near $-3.23. The estimate reflects 13 contributing analysts.
F-Score 1/9Financial Health
CleanSpark, Inc.'s Piotroski F-Score is 1/9, a 9-point checklist of profitability, leverage and efficiency — flagging fundamental weakness worth scrutiny. Its Altman Z-Score of 1.23 places it in the distress zone, a signal of elevated financial risk.
ROE -30%Key Financial Metrics
Return on equity for CleanSpark, Inc. stands at -29.9%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is -17.2%, showing how much profit it generates from its asset base. Its free cash flow yield is -27.2%, a gauge of the cash the business throws off relative to its market value. A current ratio of 8.26 indicates the company holds enough short-term assets to cover its near-term obligations. Its earnings yield is -12.2%, the inverse of the P/E and a quick read on earnings relative to price.
CleanSpark, Inc. (CLSKW) Valuation Context
Valued at $4.06B, CLSKW is classified as a mid-cap stock. Relative to its peer group, CLSKW's quantitative score of 59/100 is roughly in line with the peer average of 66/100.
Company Profile
CleanSpark, Inc. operates in the Asset Management - Cryptocurrency industry within the Financial Services sector. It is headquartered in Henderson, US. The company is led by CEO S. Matthew Schultz. CLSKW has traded publicly since 2024.
CLSKW Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis · FY 2025
Bull Case vs Bear Case
Bull Case
- Focus on low-carbon energy sources.
- Ownership and operation of data centers.
- Expertise in Bitcoin mining operations.
- Established presence in the Americas.
Bear Case
- Reliance on Bitcoin price volatility.
- High energy consumption.
- Competition from other miners.
- Negative profit margin.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · July 2026
CLSKW Latest News
No recent news available for CLSKW.
CLSKW Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for CLSKW.
Price Targets
Wall Street price target analysis for CLSKW.
CLSKW MoonshotScore
What does this score mean?
The MoonshotScore rates CLSKW 0-100 on quantitative fundamentals — growth, financial health, valuation, momentum, and risk.
Leadership: S. Matthew Schultz
CEO
S. Matthew Schultz serves as the CEO of CleanSpark, Inc. He has experience in managing and growing technology-focused companies. His background includes leadership roles in various sectors, providing him with a diverse skill set applicable to the cryptocurrency mining industry. He is responsible for overseeing CleanSpark's strategic direction, operational efficiency, and financial performance. His leadership aims to position CleanSpark as a leading sustainable Bitcoin mining company.
Track Record: Under S. Matthew Schultz's leadership, CleanSpark has focused on expanding its data center capacity and optimizing its energy consumption. He has overseen the company's transition to low-carbon power sources and its growth in the Bitcoin mining sector. Key milestones include increasing Bitcoin production and establishing strategic partnerships within the cryptocurrency ecosystem.
Common Questions About CLSKW (Financial Services)
What does the AI Score mean for CLSKW?
CLSKW holds an AI Score of 59/100 (Grade: B). This is an educational research signal, not a buy or sell recommendation. CleanSpark, Inc. is a bitcoin mining company that owns and operates data centers powered by low-carbon energy sources. The company's infrastructure supports Bitcoin, aiming to promote financial …
What does CleanSpark, Inc. do?
CleanSpark, Inc. operates as a bitcoin miner, owning and operating data centers that primarily run on low-carbon power. The company's infrastructure supports the Bitcoin network, securing Bitcoin rewards for validating transactions on the blockchain. CleanSpark focuses on sustainable mining practices and aims to contribute to the growth of the Bitcoin ecosystem. The company generates revenue by mining Bitcoin and optimizing its energy consumption.
What do analysts say about CLSKW stock?
Analyst coverage of CleanSpark, Inc. (CLSKW) is limited, but the company's focus on low-carbon energy sources and its growth in the Bitcoin mining sector are key considerations. Valuation metrics are influenced by Bitcoin price volatility and regulatory uncertainty. Growth considerations include expanding data center capacity and optimizing energy costs. Investors should conduct their own due diligence and consider their risk tolerance before investing in CLSKW stock.
What are the main risks for CLSKW?
The main risks for CleanSpark, Inc. include Bitcoin price volatility, regulatory changes in the cryptocurrency industry, and competition from other Bitcoin miners. Bitcoin's price fluctuations can significantly impact the company's revenue and profitability. Regulatory uncertainty surrounding cryptocurrency mining can also pose challenges. Additionally, CleanSpark faces competition from larger, more established mining operations.
What are the key factors to evaluate for CLSKW?
CleanSpark, Inc. (CLSKW) holds an AI score of 59/100 (moderate). Not financial advice.
How frequently does CLSKW data refresh on this page?
CLSKW's price was last updated on Jul 23, 2026 and refreshes on page view during U.S. market hours — it is not a real-time exchange feed. Fundamentals update after quarterly filings; the MoonshotScore recalculates nightly; news aggregates continuously.
What has driven CLSKW's recent stock price performance?
CleanSpark, Inc. (CLSKW) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: Focus on low-carbon energy sources. See the News tab for the latest drivers. Past performance does not predict future results.
Should investors consider CLSKW overvalued or undervalued right now?
CleanSpark, Inc. (CLSKW) has no trailing P/E available here, so lean on price-to-sales and cash flow in the Financials tab. Compare P/E, P/S, and EV/EBITDA against sector peers for a full view.
How do I research CLSKW before investing?
Before investing in CleanSpark, Inc. (CLSKW), research these four areas: (1) the company's revenue model and competitive position (see Company Overview), (2) financial health through revenue growth, margins, and cash flow (see MoonshotScore), (3) analyst consensus ratings and price targets (see Analyst tab), and (4) specific risk factors that could impact the stock (see Risk Factors section).
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- Limited analyst coverage on CLSKW.
- Bitcoin price volatility can significantly impact financial performance.