Cleanspark (NASDAQ:CLSK) Shares Down 8.9% – Time to Sell?

Shares of Cleanspark, Inc. (NASDAQ:CLSK) were down 8.9% on Wednesday . The stock traded as low as $12.59 and last traded at $12.2830. Approximately 3,808,936 shares changed hands during mid-day trading, a decline of 84% from the average daily volume of 23,557,906 shares. The stock had previously closed at $13.48.

More Cleanspark News

Here are the key news stories impacting Cleanspark this week:

• Positive Sentiment: Analysts see additional upside. Keefe, Bruyette & Woods expects CleanSpark’s stock to rise, while Chardan Capital forecasts strong price appreciation. The favorable views add support to the recent rally and reflect optimism about the company’s growth strategy. Keefe, Bruyette & Woods analyst outlook Chardan Capital forecast
• Positive Sentiment: The AI data-center pivot gained validation. CleanSpark’s reported $6.6 billion, 20-year triple-net lease covering 175 megawatts at its Sandersville, Georgia, facility supports the potential for long-term recurring revenue and confirms strong demand for AI infrastructure. Additional upside could come from leasing the remaining 885 megawatts of Texas capacity. CleanSpark infrastructure lease valuation
• Neutral Sentiment: Investors are awaiting financial results. CleanSpark will discuss fiscal third-quarter 2026 results during a live webcast, giving investors an upcoming catalyst to assess revenue trends, profitability, bitcoin-mining performance, AI infrastructure progress and capital requirements. CleanSpark Q3 2026 webcast announcement
• Negative Sentiment: Near-term risks limited enthusiasm. One analysis downgraded CleanSpark from “Strong Buy” to “Buy,” citing a lack of immediate catalysts, anticipated capital needs and potential dilution. Grid constraints and delays in energizing facilities could also postpone revenue from the AI-data-center expansion. CleanSpark AI pivot and dilution risks

Wall Street Analysts Forecast Growth

Several research analysts recently commented on CLSK shares. HC Wainwright reaffirmed a “buy” rating on shares of Cleanspark in a research note on Tuesday, July 14th. Keefe, Bruyette & Woods increased their target price on shares of Cleanspark from $16.00 to $25.00 and gave the stock an “outperform” rating in a report on Tuesday. Citigroup initiated coverage on shares of Cleanspark in a report on Wednesday, June 24th. They issued an “outperform” rating for the company. Maxim Group upped their price target on Cleanspark from $18.00 to $22.00 and gave the stock a “buy” rating in a research note on Tuesday, May 12th. Finally, Weiss Ratings lowered shares of Cleanspark from a “sell (d)” rating to a “sell (d-)” rating in a research note on Friday, May 22nd. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $23.35.

Cleanspark Stock Performance

The business’s 50 day simple moving average is $15.33 and its two-hundred day simple moving average is $12.64. The firm has a market capitalization of $3.73 billion, a PE ratio of -6.92 and a beta of 3.83. The company has a current ratio of 8.26, a quick ratio of 8.26 and a debt-to-equity ratio of 1.81.

Cleanspark (NASDAQ:CLSK) last issued its quarterly earnings data on Monday, May 11th. The company reported ($1.52) earnings per share for the quarter, missing the consensus estimate of ($0.25) by ($1.27). Cleanspark had a positive return on equity of 7.07% and a negative net margin of 67.66%.The business had revenue of $136.41 million during the quarter, compared to the consensus estimate of $145.35 million. During the same quarter last year, the company earned ($0.49) EPS. Cleanspark’s revenue for the quarter was down 24.9% on a year-over-year basis. Research analysts expect that Cleanspark, Inc. will post -1.19 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its stake in shares of Cleanspark by 81.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 14,102,777 shares of the company’s stock worth $120,007,000 after purchasing an additional 6,323,715 shares during the period. Situational Awareness LP lifted its stake in shares of Cleanspark by 648.4% during the 1st quarter. Situational Awareness LP now owns 12,276,139 shares of the company’s stock worth $104,470,000 after acquiring an additional 10,635,739 shares during the last quarter. Marex Group plc boosted its holdings in Cleanspark by 23,812.2% during the 4th quarter. Marex Group plc now owns 5,400,561 shares of the company’s stock valued at $54,654,000 after acquiring an additional 5,377,976 shares during the period. Invesco Ltd. grew its position in Cleanspark by 22.1% in the 3rd quarter. Invesco Ltd. now owns 4,482,527 shares of the company’s stock valued at $64,997,000 after acquiring an additional 810,203 shares during the last quarter. Finally, Tidal Investments LLC increased its stake in Cleanspark by 13.3% in the third quarter. Tidal Investments LLC now owns 4,366,437 shares of the company’s stock worth $63,313,000 after purchasing an additional 514,062 shares during the period. Institutional investors own 43.12% of the company’s stock.

Cleanspark Company Profile

CleanSpark, Inc (NASDAQ: CLSK) is a leading energy software and services company specializing in advanced microgrid controls and distributed energy resource (DER) management. The firm develops proprietary software platforms designed to optimize power flows across on-grid and off-grid installations, integrating renewable generation, battery storage, and traditional generation assets. CleanSpark’s technology is used by utilities, commercial and industrial enterprises, and remote facilities seeking to enhance energy resilience, reduce operating costs, and achieve sustainability goals.

In addition to its core software offerings, CleanSpark provides end-to-end engineering, procurement and construction (EPC) services.