CleanSpark Faces Challenges Amid Dismal Earnings Outlook
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 12 2026
0mins
Source: Benzinga
CleanSpark (CLSK) closed at $16.33, marking a 2.9% increase from the previous day, yet it underperformed the S&P 500's slight decline of 0.05%, indicating market caution regarding its future performance.
The upcoming earnings report is projected to show an EPS of -$0.29, representing a 137.18% drop year-over-year, with revenue expected at $158.26 million, indicating a 20.33% decline, highlighting the severe challenges the company faces. CleanSpark currently holds a Zacks Rank of 4 (Sell), with no changes in EPS projections over the past 30 days, suggesting analysts' pessimistic outlook on the company's near-term profitability.
The significant decline in CleanSpark's stock over the past month, down 12.51%, reflects investor concerns about its profitability, especially in light of the broader market's performance.
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Analyst Views on CLSK
Wall Street analysts forecast CLSK stock price to rise
10 Analyst Rating
10 Buy
0 Hold
0 Sell
Strong Buy
Current: 13.510
Low
14.00
Averages
23.50
High
27.00
Current: 13.510
Low
14.00
Averages
23.50
High
27.00
About CLSK
CleanSpark, Inc. is a bitcoin mining company. The Company independently owns and operates data centers across the United States with locations in Georgia, Mississippi, Tennessee and Wyoming for a total contracted power capacity of approximately 853 megawatts (MW). The Company designs its infrastructure to responsibly secure and support the bitcoin network. Its operating mining units are capable of producing over 40 exahashes per second (EH/s) of computing power. The Company operates approximately 188,500 bitcoin mining machines, with a hashrate capacity of approximately 27.6 EH/s and a fleetwide efficiency of 21.94 joules per terahash (J/TH). The Company's subsidiaries include ATL Data Centers LLC, CleanBlok, Inc., CleanSpark DW, LLC, CleanSpark GLP, LLC, CSRE Properties Washington, LLC, CSRE Properties Dalton, LLC, CSRE Property Management Company, LLC, and CSRE Properties Norcross, LLC, among others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
CleanSpark Reports Strong Bitcoin Mining Performance in June
- Mining Output Surge: CleanSpark mined 614 bitcoins in June, achieving a peak daily production of 22.57 bitcoins and an average daily output of 20.46 bitcoins, demonstrating the company's stability and efficiency amid market volatility.
- Year-to-Date Production: As of 2026, CleanSpark has produced a total of 3,724 bitcoins, indicating the company's ongoing expansion of mining capabilities while effectively navigating market challenges.
- Operational Progress: CEO Matt Schultz noted that despite market fluctuations, the company's mining operations continue to perform well, with advancements in energizing its Texas operations reflecting confidence in future growth.
- Commercialization Efforts: CleanSpark is also making strides in commercializing its Sandersville site, highlighting the company's strategic intent to diversify its business model and enhance overall operational efficiency.
See More
CleanSpark Increases Bitcoin Holdings to 13,924
- Bitcoin Production Highlights: CleanSpark produced a total of 614 bitcoins in June 2026, with a peak daily production of 22.57 bitcoins and an average daily production of 20.46 bitcoins, demonstrating the company's robust production capabilities amidst market volatility, thereby enhancing its competitive edge.
- Hashrate and Efficiency Gains: As of June 30, CleanSpark's operational hashrate reached 150 EH/s, with an average hashrate of 42.6 EH/s and a peak efficiency of 16.07 J/Th, which not only improves energy utilization but also lays the groundwork for future expansions.
- Power Contracts and Utilization: The company has a total contracted power capacity of 21.8 GW, with actual utilized megawatts at 3,808 MW, indicating CleanSpark's effectiveness in power management, which helps reduce operational costs and enhance profitability.
- Bitcoin Holdings and Transactions: As of June 30, CleanSpark's total bitcoin holdings amounted to 13,924, with 1,719 posted as collateral or receivables, reflecting the company's active participation in derivative trading and further enhancing its financial flexibility.
See More
CleanSpark Increases Bitcoin Holdings to 13,924
- Bitcoin Production Performance: CleanSpark produced 614 bitcoins in June 2026, with a peak daily production of 22.57 bitcoins, demonstrating the company's ability to maintain stable production amidst market volatility, thereby enhancing its competitive position in the bitcoin mining industry.
- Hashrate and Efficiency Gains: As of June 30, CleanSpark's operational hashrate reached 150 EH/s, with an average hashrate of 42.6 EH/s and a peak efficiency of 16.07 J/TH, which not only improves energy utilization but also lays the groundwork for future expansions.
- Power Contracts and Utilization: The company has secured 21.8 GW of contracted power capacity, utilizing 3808 MW, indicating CleanSpark's effectiveness in power management, which will support its ongoing mining activities and future growth.
- Bitcoin Financial Dynamics: As of June 30, CleanSpark's total bitcoin holdings amounted to 13,924, with 1,719 posted as collateral, showcasing the company's flexibility and strategic approach in leveraging derivative transactions, further enhancing its financial stability.
See More
Keel Infrastructure Rises as Convertible Financing Backs AI Data Center Push
- Significant Financing: Keel Infrastructure's $458 million convertible-note financing enhances its capital for data center development while keeping dilution and lease-execution risks in focus, demonstrating the company's commitment to transforming into AI and high-performance computing infrastructure.
- Positive Market Performance: The stock rose 2.13% to close at $6.00, reflecting investor optimism regarding the financing plan, despite overall market declines with the S&P 500 and Nasdaq down 0.05% and 0.24%, respectively.
- Strategic Transformation Challenges: The company's rebranding from Bitfarms and redomiciliation to the U.S. aims to reposition around AI and HPC infrastructure, but long-term value hinges on converting power-secured sites into signed leases and demonstrating clear project economics.
- Competitive Landscape Analysis: In the digital infrastructure sector, peers CleanSpark and Riot Platforms saw stock increases of 2.90% and 2.92%, respectively, indicating selective strength in the industry, and Keel must prove that its increased financial flexibility translates into customer commitments to stand out in the competitive landscape.
See More
CleanSpark Stock Rises Slightly Amidst Dismal Earnings Outlook
- Stock Performance: CleanSpark (CLSK) closed at $16.33, marking a 2.9% increase from the previous day, yet it underperformed the S&P 500's slight decline of 0.05%, indicating market caution regarding its future performance.
- Monthly Decline: Over the past month, CleanSpark's shares have depreciated by 12.51%, significantly lagging behind the Finance sector's gain of 2.3% and the S&P 500's loss of 1.42%, reflecting investor concerns about its profitability.
- Earnings Outlook: The upcoming earnings report is projected to show an EPS of -$0.29, representing a 137.18% drop year-over-year, with revenue expected at $158.26 million, indicating a 20.33% decline, highlighting the severe challenges the company faces.
- Analyst Ratings: CleanSpark currently holds a Zacks Rank of 4 (Sell), with no changes in EPS projections over the past 30 days, suggesting analysts' pessimistic outlook on the company's near-term profitability, while the industry ranks in the top 43% of Zacks' industry rankings.
See More
Bitcoin Selloff Continues, Pressuring Related Stocks
- Bitcoin Price Decline: Bitcoin has dropped over 5% in the last 24 hours to around $59,360, marking a roughly 10% decline over the past week and nearly 23% over the past month, significantly impacting investor confidence.
- ETF Withdrawals: The weakness in Bitcoin is partly attributed to continued withdrawals from spot ETFs and increased institutional selling, indicating a waning interest in Bitcoin that could affect its future price trajectory.
- Shift in Investment Trends: Investors are reallocating funds towards AI-linked stocks and upcoming megacap listings, which has diminished Bitcoin's attractiveness in the near term, exacerbating its downward price pressure.
- Impact on Related Stocks: As Bitcoin declines, related crypto stocks such as MSTR, APLD, and COIN are also under pressure, demonstrating how quickly sentiment shifts in Bitcoin can adversely affect associated equities, prompting investors to reassess their portfolios.
See More
CleanSpark Reports Strong Bitcoin Mining Performance in June
- Mining Output Surge: CleanSpark mined 614 bitcoins in June, achieving a peak daily production of 22.57 bitcoins and an average daily output of 20.46 bitcoins, demonstrating the company's stability and efficiency amid market volatility.
- Year-to-Date Production: As of 2026, CleanSpark has produced a total of 3,724 bitcoins, indicating the company's ongoing expansion of mining capabilities while effectively navigating market challenges.
- Operational Progress: CEO Matt Schultz noted that despite market fluctuations, the company's mining operations continue to perform well, with advancements in energizing its Texas operations reflecting confidence in future growth.
- Commercialization Efforts: CleanSpark is also making strides in commercializing its Sandersville site, highlighting the company's strategic intent to diversify its business model and enhance overall operational efficiency.
See More
CleanSpark Increases Bitcoin Holdings to 13,924
- Bitcoin Production Highlights: CleanSpark produced a total of 614 bitcoins in June 2026, with a peak daily production of 22.57 bitcoins and an average daily production of 20.46 bitcoins, demonstrating the company's robust production capabilities amidst market volatility, thereby enhancing its competitive edge.
- Hashrate and Efficiency Gains: As of June 30, CleanSpark's operational hashrate reached 150 EH/s, with an average hashrate of 42.6 EH/s and a peak efficiency of 16.07 J/Th, which not only improves energy utilization but also lays the groundwork for future expansions.
- Power Contracts and Utilization: The company has a total contracted power capacity of 21.8 GW, with actual utilized megawatts at 3,808 MW, indicating CleanSpark's effectiveness in power management, which helps reduce operational costs and enhance profitability.
- Bitcoin Holdings and Transactions: As of June 30, CleanSpark's total bitcoin holdings amounted to 13,924, with 1,719 posted as collateral or receivables, reflecting the company's active participation in derivative trading and further enhancing its financial flexibility.
See More
CleanSpark Increases Bitcoin Holdings to 13,924
- Bitcoin Production Performance: CleanSpark produced 614 bitcoins in June 2026, with a peak daily production of 22.57 bitcoins, demonstrating the company's ability to maintain stable production amidst market volatility, thereby enhancing its competitive position in the bitcoin mining industry.
- Hashrate and Efficiency Gains: As of June 30, CleanSpark's operational hashrate reached 150 EH/s, with an average hashrate of 42.6 EH/s and a peak efficiency of 16.07 J/TH, which not only improves energy utilization but also lays the groundwork for future expansions.
- Power Contracts and Utilization: The company has secured 21.8 GW of contracted power capacity, utilizing 3808 MW, indicating CleanSpark's effectiveness in power management, which will support its ongoing mining activities and future growth.
- Bitcoin Financial Dynamics: As of June 30, CleanSpark's total bitcoin holdings amounted to 13,924, with 1,719 posted as collateral, showcasing the company's flexibility and strategic approach in leveraging derivative transactions, further enhancing its financial stability.
See More
Keel Infrastructure Rises as Convertible Financing Backs AI Data Center Push
- Significant Financing: Keel Infrastructure's $458 million convertible-note financing enhances its capital for data center development while keeping dilution and lease-execution risks in focus, demonstrating the company's commitment to transforming into AI and high-performance computing infrastructure.
- Positive Market Performance: The stock rose 2.13% to close at $6.00, reflecting investor optimism regarding the financing plan, despite overall market declines with the S&P 500 and Nasdaq down 0.05% and 0.24%, respectively.
- Strategic Transformation Challenges: The company's rebranding from Bitfarms and redomiciliation to the U.S. aims to reposition around AI and HPC infrastructure, but long-term value hinges on converting power-secured sites into signed leases and demonstrating clear project economics.
- Competitive Landscape Analysis: In the digital infrastructure sector, peers CleanSpark and Riot Platforms saw stock increases of 2.90% and 2.92%, respectively, indicating selective strength in the industry, and Keel must prove that its increased financial flexibility translates into customer commitments to stand out in the competitive landscape.
See More
CleanSpark Stock Rises Slightly Amidst Dismal Earnings Outlook
- Stock Performance: CleanSpark (CLSK) closed at $16.33, marking a 2.9% increase from the previous day, yet it underperformed the S&P 500's slight decline of 0.05%, indicating market caution regarding its future performance.
- Monthly Decline: Over the past month, CleanSpark's shares have depreciated by 12.51%, significantly lagging behind the Finance sector's gain of 2.3% and the S&P 500's loss of 1.42%, reflecting investor concerns about its profitability.
- Earnings Outlook: The upcoming earnings report is projected to show an EPS of -$0.29, representing a 137.18% drop year-over-year, with revenue expected at $158.26 million, indicating a 20.33% decline, highlighting the severe challenges the company faces.
- Analyst Ratings: CleanSpark currently holds a Zacks Rank of 4 (Sell), with no changes in EPS projections over the past 30 days, suggesting analysts' pessimistic outlook on the company's near-term profitability, while the industry ranks in the top 43% of Zacks' industry rankings.
See More
Bitcoin Selloff Continues, Pressuring Related Stocks
- Bitcoin Price Decline: Bitcoin has dropped over 5% in the last 24 hours to around $59,360, marking a roughly 10% decline over the past week and nearly 23% over the past month, significantly impacting investor confidence.
- ETF Withdrawals: The weakness in Bitcoin is partly attributed to continued withdrawals from spot ETFs and increased institutional selling, indicating a waning interest in Bitcoin that could affect its future price trajectory.
- Shift in Investment Trends: Investors are reallocating funds towards AI-linked stocks and upcoming megacap listings, which has diminished Bitcoin's attractiveness in the near term, exacerbating its downward price pressure.
- Impact on Related Stocks: As Bitcoin declines, related crypto stocks such as MSTR, APLD, and COIN are also under pressure, demonstrating how quickly sentiment shifts in Bitcoin can adversely affect associated equities, prompting investors to reassess their portfolios.
See More
