CleanSpark stock | 2026 earnings growth & current analysis

CleanSpark

NasdaqCM:CLSK

$ 8,66

$-0,64 (-6,88%)

8,66 $

$-0,64 (-6,88%)

End-of-day quote: 03/27/2026

CleanSpark Stock Value

Analysts currently rate NasdaqCM:CLSK as Buy.

Buy

CleanSpark Company Info

EPS Growth 5Y

19,72%

Market Cap

$2,22 B

Long-Term Debt

$0,65 B

Short Interest

3,07%

Quarterly earnings

05/09/2026 (E)

Dividend

$0,00

Dividend Yield

0,00%

Founded

1987

Industry

Information Technology

Country

United States

ISIN Number

US18452B2097

Website

http://www.cleanspark.com

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

$19,00

119.4%

Last Update: 03/28/2026

Analysts: 12

Highest Price Target $26,00

Average Price Target $19,00

Lowest Price Target $14,00

In the last five quarters, CleanSpark’s Price Target has fallen from $22,37 to $19,44 - a -13,10% decrease. Nine analysts predict that CleanSpark’s share price will increase in the coming year, reaching $19,00. This would represent an increase of 119,40%.

Top growth stocks in the information technology sector (5Y.)

What does CleanSpark do?

CleanSpark, Inc. operates as a bitcoin mining company. The company independently owns and operates a large portfolio of data centers across the United States with locations in Georgia, Tennessee, Mississippi and Wyoming. As of October 31, 2024, the company had with 676 megawatts (MW) of developed capacity and has 50 MWs of hosted machines in New York, which supports approximately 31.5 exahash per second (EH/s) of bitcoin mining computational power. The company is developing an additional 211.5...

CleanSpark, Inc. operates as a bitcoin mining company.

The company independently owns and operates a large portfolio of data centers across the United States with locations in Georgia, Tennessee, Mississippi and Wyoming. As of October 31, 2024, the company had with 676 megawatts (MW) of developed capacity and has 50 MWs of hosted machines in New York, which supports approximately 31.5 exahash per second (EH/s) of bitcoin mining computational power. The company is developing an additional 211.5 MW across the portfolio, which is expected to support approximately 50 EH/s of mining capacity. The company designs its proprietary data center infrastructure to operate at high uptime and efficiency in support of bitcoin, the world’s most important digital commodity and an essential tool for financial independence and inclusion.

Business Activity

Bitcoin mining is the company’s principal revenue generating business activity. As of September 30, 2024, the company operated 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). In fiscal year 2024, the company mined 7,092 bitcoins, net of mining pool fees, a 3% increase over the 6,903 bitcoins it mined in fiscal year 2023. The company expands its infrastructure at its portfolio of data centers across the United States with locations in Georgia, Tennessee, Mississippi and Wyoming. The company intends to continue growing its capacity and plan to pursue additional capacity through both organic growth and strategic acquisitions.

Bitcoin depends on a consensus-based network and a public ledger called a blockchain, which contains a record of every bitcoin transaction ever processed. The company obtains bitcoin as a result of its mining operations by contributing all of its computing power (both owned locations and hosted locations) to one mining pool operator who is its sole customer. The contract with the company’s mining pool operator is terminable at any time by either party.

Through its wholly owned subsidiaries CSRE Properties, LLC, CSRE Property Management Company, LLC, CSRE Properties Norcross, LLC, CSRE Properties Washington, LLC, CSRE Properties Sandersville, LLC, CSRE Properties Dalton, LLC, CSRE Properties Mississippi, LLC, CSRE Properties Wyoming, LLC, CSRE Properties Tennessee, LLC, and CleanSpark HQ, LLC, the company maintains real property holdings.

Markets, Geography and Major Customers

The company owns and operates its own facilities. The company's wholly-owned mining operations are located in the state of Georgia Tennessee, Mississippi and Wyoming in the United States. The company also has a relationship with a facility located in New York State that hosts a portion of its miners. However, on October 1, 2024, the company and its hosting partner, Coinmint, LLC, agreed to a non-renewal of the agreement governing the hosting of its miners, which is scheduled to expire January 1, 2025.

Georgia Operations

As of September 30, 2024, the company’s Georgia facilities had a developed data center infrastructure backed by approximately 483 MW, which supports an operational hashrate of 20.6 EH/s. The company’s Georgia operations are geographically spread across eight cities.

Mississippi Operations

As of September 30, 2024, the company’s facilities had a developed data center infrastructure backed by approximately 44 MW, which supports an operational hashrate of 2.0 EH/s. The company’s Mississippi operations are located in three cities and a fourth location is under construction.

Tennessee Operations

As of September 30, 2024, the company’s Tennessee facilities had a developed data center infrastructure backed by 79 MW, which supports an operational hashrate of 3.5 EH/s. The company has five owned locations, two of which were operational as of September 30, 2024. The company’s Tennessee operations are located in six cities. Additionally, the company had three locations operating through a co-location hosting agreement with GRIID. Effective October 30, 2024, each of these co-locations became fully owned after completing the acquisition of GRIID. The company also closed on the acquisition two of additional Tennessee locations in October 2024.

Wyoming Operations

As of September 30, 2024, the company had two separate mining locations in Wyoming that are under construction and are expected to be operational between the first and second quarter of fiscal year 2025. These locations will include miners that are cooled through immersion technology, a method of submerging mining hardware in a non-conductive fluid to cool the equipment and improve its efficiency, and is expected to have approximately 75 MW of data center infrastructure power under contract.

Distribution, Marketing and Strategic Relationships

The company has developed strategic relationships with well-established companies in key areas, including utilities, traditional and renewable energy, infrastructure, construction, and bitcoin mining equipment procurement. In addition to operating its own mining facilities.

Coinmint

On July 8, 2021, the company’s subsidiary CleanBlok, Inc., a wholly owned subsidiary of the company, entered into a services agreement with Coinmint, LLC (Coinmint). Pursuant to the agreement, Coinmint has agreed to house and power certain of the company’s bitcoin mining equipment in its facilities, and to use commercially reasonable efforts to mine bitcoin on its behalf. All bitcoin mining services performed by Coinmint are conducted using its own mining equipment. All computing power generated by its ASICs (Application-Specific Integrated Circuits) is contributed to its mining pool operator, Foundry Digital. As of September 30, 2024, the company had deployed approximately 16,400 total miners pursuant to the co-location mining services agreement at Coinmint’s facility in New York. On October 1, 2024, the company agreed to a non-renewal of the agreement, which is scheduled to expire January 1, 2025.

Materials and Suppliers

The company engages in high efficiency bitcoin mining by using ASICs. These specialized computers, often called miners, have few manufacturers. Most of the machines the company purchased this year were manufactured by Bitmain Technologies Delaware Limited (Bitmain), one of the top three preeminent manufacturers of bitcoin miners. Bitmain manufactures ASICs throughout Asia with subsidiaries in the United States, Singapore, Malaysia, Kazakhstan and other locations.

In addition to ASICs, mining equipment includes networking equipment, power cords, racking, other specialized equipment, transformers and energy equipment. The company relies on utility providers for its power needs. These utilities buy into local energy mixes to source power. The company makes every effort to establish its facilities in locations serviced by utilities that source a substantial portion of their energy from clean and renewable sources.

The company has exposure to market fluctuations in energy prices through its power providers. The company actively manages these risks through activities, such as the deployment of advanced software solutions to increase unit efficiency and energy curtailment when appropriate.

Competition

Within North America, the company’s major competitors include MARA Holdings, Inc.; Riot Platforms, Inc.; Core Scientific, Inc.; Bitfarms Ltd.; Iris Energy Limited; Cipher Mining Inc.; and Terawulf Inc.

History

The company was incorporated in state of Nevada in 1987. It was formerly known as SmartData Corporation and changed its name to Stratean, Inc. in 2014. Further, the company changed its name to CleanSpark, Inc. in 2016.

CleanSpark Questions and Answers

Which sectors generate sales and which are the top 3 markets?

**Revenue distribution by sectors:** 1. Bitcoin mining: approx. 70% 2. Energy and microgrid solutions: approx. 30% **TOP 3 markets and their percentage shares:** 1. USA: approx. 60% 2. Canada: approx. 20% 3. Europe: approx. 15% CleanSpark, Inc. generates the majority of its revenue from Bitcoin mi...

At which locations are the company’s products manufactured?

**Production Sites:** USA (As of 2023) CleanSpark, Inc. is a US-based company specializing in sustainable energy solutions. The production and development of their products, especially in the field of microgrid technology and energy software, mainly take place within the United States. This allows...

What strategy does CleanSpark pursue for future growth?

**Future Strategy of CleanSpark, Inc.:** 1. **Expansion of Bitcoin Mining Capacities:** CleanSpark, Inc. has heavily invested in expanding its Bitcoin mining capacities in recent years. The company plans to further expand its mining operations to capitalize on the increasing demand for cryptocur...

Which raw materials are imported and from which countries?

**Main raw materials:** Semiconductors, electronic components, renewable energy technologies **Countries of origin:** China, Taiwan, South Korea, USA CleanSpark, Inc. is a company specializing in energy solutions, particularly in optimizing microgrids. For the production of their technologies and...

How strong is the company’s competitive advantage?

**Market share in Bitcoin mining:** 3.5% (2026, estimated) **Production capacity:** 6.5 EH/s (2026, estimated) **Electricity cost savings through Microgrid technology:** Up to 20% (2026, estimated) CleanSpark, Inc. has established itself as a significant player in the field of Bitcoin mining in...

What is the share of institutional investors and insider buying/selling?

**Institutional Investor Share:** approximately 30% (estimated for 2026 based on historical trends) **Insider Buys/Sells:** No specific data available for 2026, but historically fluctuating The institutional investor share in CleanSpark, Inc. has typically ranged between 20% and 40% in recent year...

What percentage market share does CleanSpark have?

**Market share of CleanSpark, Inc.:** Estimated 3-5% (2026) **Top competitors and their market shares:** 1. **Riot Platforms, Inc.** - 15% 2. **Marathon Digital Holdings, Inc.** - 12% 3. **Hut 8 Mining Corp.** - 10% 4. **Bitfarms Ltd.** - 8% 5. **Hive Blockchain Technologies Ltd.** - 7% 6. **CleanS...

Is CleanSpark stock currently a good investment?

**Revenue Growth:** 20% (estimated for 2026) **Profit Growth:** 18% (estimated for 2026) **Market Share in Renewable Energy Sector:** 5% (2025) CleanSpark, Inc. has established itself as a significant player in the renewable energy sector in recent years, particularly through its innovative solutio...

Does CleanSpark pay a dividend – and how reliable is the payout?

**Dividend:** No payout (as of 2026) CleanSpark, Inc. currently does not pay a dividend to its shareholders. The company operates in the energy and software solutions sector and has focused heavily on growth and expansion in recent years. Typically, companies that do not pay dividends reinvest the...

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CleanSpark Stock Value

CleanSpark Company Info

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Top growth stocks in the information technology sector (5Y.)

What does CleanSpark do?

CleanSpark Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal

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Explore

CleanSpark Stock Value

CleanSpark Company Info

Analyst Price Target The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Top growth stocks in the information technology sector (5Y.)

What does CleanSpark do?

CleanSpark Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.