Q1 Earnings Forecast for Cleanspark Issued By B. Riley

Cleanspark, Inc. (NASDAQ:CLSK) – Equities researchers at B. Riley issued their Q1 2026 earnings estimates for Cleanspark in a report issued on Wednesday, November 26th. B. Riley analyst N. Giles forecasts that the company will earn $0.19 per share for the quarter. B. Riley currently has a “Buy” rating and a $22.00 target price on the stock. The consensus estimate for Cleanspark’s current full-year earnings is $0.58 per share. B. Riley also issued estimates for Cleanspark’s Q2 2026 earnings at $0.19 EPS, Q3 2026 earnings at $0.17 EPS, Q4 2026 earnings at $0.17 EPS, FY2026 earnings at $0.71 EPS, Q1 2027 earnings at $0.18 EPS, Q2 2027 earnings at $0.18 EPS, Q3 2027 earnings at $0.16 EPS, Q4 2027 earnings at $0.16 EPS and FY2027 earnings at $0.69 EPS.

A number of other analysts have also commented on the company. Macquarie cut their price target on Cleanspark from $30.00 to $27.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 26th. JPMorgan Chase & Co. upgraded shares of Cleanspark from a “neutral” rating to an “overweight” rating and set a $14.00 price objective for the company in a report on Monday, November 24th. Cantor Fitzgerald reissued an “overweight” rating and set a $21.00 target price on shares of Cleanspark in a report on Wednesday, November 26th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Cleanspark in a research note on Wednesday, October 8th. Finally, Needham & Company LLC lifted their price target on shares of Cleanspark from $23.00 to $25.00 and gave the stock a “buy” rating in a report on Wednesday, November 26th. Eleven equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Cleanspark has an average rating of “Moderate Buy” and a consensus price target of $23.20.

Cleanspark Trading Down 6.8%

Shares of CLSK stock opened at $14.08 on Monday. Cleanspark has a twelve month low of $6.45 and a twelve month high of $23.61. The stock’s fifty day simple moving average is $15.85 and its 200 day simple moving average is $12.39. The company has a quick ratio of 4.18, a current ratio of 4.18 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $3.60 billion, a P/E ratio of 12.68 and a beta of 3.79.

Institutional Investors Weigh In On Cleanspark

Institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. grew its stake in Cleanspark by 22.8% during the first quarter. Vanguard Group Inc. now owns 24,145,612 shares of the company’s stock worth $162,259,000 after purchasing an additional 4,489,866 shares during the period. Voloridge Investment Management LLC bought a new position in shares of Cleanspark during the 3rd quarter worth approximately $56,056,000. Dimensional Fund Advisors LP grew its position in shares of Cleanspark by 57.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 4,311,221 shares of the company’s stock worth $62,521,000 after buying an additional 1,564,761 shares during the period. Nuveen LLC acquired a new stake in shares of Cleanspark during the 1st quarter worth approximately $8,109,000. Finally, Azora Capital LP bought a new stake in shares of Cleanspark in the 3rd quarter valued at $15,300,000. Institutional investors own 43.12% of the company’s stock.

Insider Buying and Selling

In other Cleanspark news, COO Taylor Monnig sold 63,713 shares of the stock in a transaction dated Tuesday, September 9th. The stock was sold at an average price of $9.12, for a total transaction of $581,062.56. Following the completion of the sale, the chief operating officer directly owned 120,337 shares in the company, valued at approximately $1,097,473.44. This trade represents a 34.62% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 2.65% of the company’s stock.

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.