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May 11, 2026·SEC
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Mar 5, 2026·SEC
CleanSpark, Inc.(CLSKW)Earnings, Financials & Key Ratios
CLSKW•NASDAQ
$0.25
0.2× P/E·Price updated Jul 7, 2026
AboutCleanSpark, 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. CleanSpark, Inc. was incorporated in 1987 and is headquartered in Henderson, Nevada.Show more
- EBITDA$667M+11888.6%
- Net Income$364M+350.0%
- EPS (Diluted)1.12+262.3%
- Gross Margin41.61%+13.1%
- EBITDA Margin87.08%+5828.9%
- Operating Margin41.62%+205.8%
- Net Margin47.56%+223.6%
- ROE18.52%+254.8%
CLSKW Price & Volume
CleanSpark, Inc. (CLSKW) stock price & volume — 10-year historical chart
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Aggressive Debt Expansion Challenges CleanSpark Operational Sustainability
Investment Thesis • Updated 2026Q2
VerdictNegative
Growth:Mixed
Profitability:Negative
Financial:Strained
Cash Flow:Burning
Primary Risk:Operational leverage and dilution
Key Thesis Takeaways
- CleanSpark faces a precarious outlook as its capital-intensive mining model struggles to maintain profitability following the recent halving, evidenced by a shift to a -63.1% gross margin in 2026Q2.
- The company's reliance on $1.8 billion in total debt to fund infrastructure expansion has significantly weakened its balance sheet, while persistent negative operating cash flows suggest that current growth strategies may be fundamentally unsustainable.
- Investors should monitor the company's ability to stabilize liquidity, which contracted to $260.3 million in 2026Q2, against the backdrop of ongoing operational overhead and high stock-based compensation.
Verdict Logic
the company's inability to generate positive operating cash flow, combined with a debt-to-equity ratio of 1.82, indicates significant financial risk that outweighs current valuation multiples.
CLSKW Growth Metrics
CleanSpark, Inc. (CLSKW) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years138.03%
3 Years79.94%
TTM-
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM-162.88%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM-121.77%
Return on Capital
10 Years-30.89%
5 Years-7.97%
3 Years-7.35%
Last Year13.74%
CLSKW Recent Earnings
CleanSpark, Inc. (CLSKW) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 3/12 qtrs (25%)●Beat Revenue 4/12 qtrs (33%)
Q2 2026Latest
May 11, 2026Metric
Actual
Est
EPS
$1.52-170.1%
$0.56
Rev
$136M-6.2%
$145M
Q1 2026
Feb 5, 2026Metric
Actual
Est
EPS
$1.35-719.3%
$0.22
Rev
$181M-5.7%
$192M
Q4 2025
Nov 25, 2025Metric
Actual
Est
EPS
$0.00-101.8%
$0.26
Rev
$224M-4.0%
$233M
Q3 2025
Aug 7, 2025Metric
Actual
Est
EPS
$0.78+156.9%
$0.30
Rev
$199M-0.1%
$199M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 11, 2026 | $1.52vs $0.56-170.1% | $136Mvs $145M-6.2% |
| Q1 2026 | Feb 5, 2026 | $1.35vs $0.22-719.3% | $181Mvs $192M-5.7% |
| Q4 2025 | Nov 25, 2025 | $0.00vs $0.26-101.8% | $224Mvs $233M-4.0% |
| Q3 2025 | Aug 7, 2025 | $0.78vs $0.30+156.9% | $199Mvs $199M-0.1% |
Based on last 12 quarters of dataView full earnings history →
Peers Comparison
Key metrics vs top competitors for CleanSpark, Inc. (CLSKW)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $0.25 | $69.01M | 0.22 | 102.21% | 47.56% | 18.52% | 13.63% | |
| $12.05 | $4.59B | -3.27 | 38.2% | -234.83% | -51.65% | — | |
| $21.17 | $8.03B | -10.86 | 71.89% | -132.76% | -28.78% | — | |
| $20.47 | $8.31B | -9.52 | 48.04% | -512.96% | -115.53% | — | |
| $39.82 | $14.21B | 102.09 | 167.65% | 31.71% | 9.12% | — | |
| $96.74 | $10.89B | -45.21 | -90.71% | — | -17.66% | — |
Compare CLSKW vs Peers
CleanSpark, Inc. (CLSKW) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
CLSKW SEC Filings & Documents
CleanSpark, Inc. (CLSKW) SEC filings — annual & quarterly reports (10-K, 10-Q)
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CLSKW Frequently Asked Questions
CleanSpark, Inc. (CLSKW) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is CleanSpark, Inc.'s revenue?
CleanSpark, Inc. (CLSKW) reported $739.9M in revenue for fiscal year 2025.
How fast is CleanSpark, Inc. growing?
CleanSpark, Inc. (CLSKW) grew revenue by 102.2% over the past year. This is strong growth.
Is CLSKW profitable?
CleanSpark, Inc. (CLSKW) reported a net loss of $500.6M for fiscal year 2025.
Dividend & Returns
Does CLSKW pay dividends?
Yes, CleanSpark, Inc. (CLSKW) pays a dividend with a yield of 13.63%. This makes it attractive for income-focused investors.
What is CLSKW's return on equity?
CleanSpark, Inc. (CLSKW) has a return on equity (ROE) of 18.5%. This is reasonable for most industries.
What is CleanSpark, Inc.'s free cash flow?
CleanSpark, Inc. (CLSKW) had negative free cash flow of $1.07B in fiscal year 2025, likely due to heavy capital investments.