B. Riley Issues Positive Forecast for Cleanspark Earnings

Cleanspark, Inc. (NASDAQ:CLSK) – B. Riley raised their Q4 2025 earnings estimates for shares of Cleanspark in a research report issued to clients and investors on Tuesday, October 14th. B. Riley analyst N. Giles now expects that the company will post earnings of $0.14 per share for the quarter, up from their previous forecast of $0.06. B. Riley has a “Buy” rating and a $25.00 price objective 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 FY2026 earnings at $0.76 EPS and FY2027 earnings at $0.71 EPS.

Cleanspark (NASDAQ:CLSK) last posted its earnings results on Thursday, August 7th. The company reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.71. The company had revenue of $198.64 million for the quarter, compared to analyst estimates of $191.33 million. Cleanspark had a net margin of 47.98% and a return on equity of 8.89%. Cleanspark’s revenue was up 90.8% on a year-over-year basis. During the same period in the previous year, the business posted ($1.03) EPS.

Several other equities analysts have also commented on CLSK. Macquarie upped their price objective on shares of Cleanspark from $18.00 to $20.00 and gave the stock an “outperform” rating in a report on Friday, August 8th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $14.00 price objective (down from $15.00) on shares of Cleanspark in a report on Friday, September 26th. BTIG Research upped their price objective on shares of Cleanspark from $22.00 to $26.00 and gave the stock a “buy” rating in a report on Monday. Wall Street Zen upgraded shares of Cleanspark from a “sell” rating to a “hold” rating in a report on Saturday, August 2nd. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Cleanspark in a report on Wednesday, October 8th. Nine investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $22.83.

Cleanspark Price Performance

NASDAQ:CLSK opened at $19.99 on Thursday. The firm has a market capitalization of $5.62 billion, a price-to-earnings ratio of 23.52 and a beta of 3.88. The company’s 50-day moving average is $12.68 and its two-hundred day moving average is $10.76. Cleanspark has a 1-year low of $6.45 and a 1-year high of $23.61.

Institutional Investors Weigh In On Cleanspark

Large investors have recently added to or reduced their stakes in the business. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in Cleanspark during the 2nd quarter worth approximately $29,000. Fifth Third Bancorp increased its stake in Cleanspark by 145.3% during the 2nd quarter. Fifth Third Bancorp now owns 2,860 shares of the company’s stock worth $32,000 after buying an additional 1,694 shares during the period. CX Institutional purchased a new stake in Cleanspark during the 1st quarter worth approximately $26,000. Strs Ohio purchased a new stake in Cleanspark during the 1st quarter worth approximately $38,000. Finally, West Oak Capital LLC increased its stake in Cleanspark by 3,422.5% during the 2nd quarter. West Oak Capital LLC now owns 6,728 shares of the company’s stock worth $74,000 after buying an additional 6,537 shares during the period. 43.12% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, COO Taylor Monnig sold 63,713 shares of the company’s stock in a transaction that occurred on Tuesday, September 9th. The shares were sold at an average price of $9.12, for a total transaction of $581,062.56. Following the sale, the chief operating officer directly owned 120,337 shares of the company’s stock, valued at $1,097,473.44. This represents a 34.62% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.65% of the stock is currently owned by insiders.

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.