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CLSK 
CleanSpark Inc (CLSK)
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Upturn Advisory Summary
02/25/2026: CLSK (4-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Above Average Performance
These Stocks/ETFs, based on Upturn Advisory, frequently surpass the market, reflecting reliable and trustworthy advice.
Number of Analysts
10 Analysts rated it
Moderately tracked stock, growing coverage, gaining market and investor attention.
1 Year Target Price $19.19
1 Year Target Price $19.19
| 5 | Strong Buy |
| 4 | Buy |
| 1 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 2.65B USD | Price to earnings Ratio - | 1Y Target Price 19.19 |
Price to earnings Ratio - | 1Y Target Price 19.19 | ||
Volume (30-day avg) 10 | Beta 3.5 | 52 Weeks Range 6.45 - 23.61 | Updated Date 02/25/2026 |
52 Weeks Range 6.45 - 23.61 | Updated Date 02/25/2026 | ||
Dividends yield (FY) - | Basic EPS (TTM) -1.06 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date 2026-02-05 | When - | Estimate 0.1926 | Actual -1.3236 |
Profitability
Profit Margin -33.25% | Operating Margin (TTM) -172.32% |
Management Effectiveness
Return on Assets (TTM) -12.64% | Return on Equity (TTM) -15.34% |
Valuation
Trailing PE - | Forward PE 14.84 | Enterprise Value 4159916403 | Price to Sales(TTM) 3.37 |
Enterprise Value 4159916403 | Price to Sales(TTM) 3.37 | ||
Enterprise Value to Revenue 6.58 | Enterprise Value to EBITDA 6.64 | Shares Outstanding 255752913 | Shares Floating 246842482 |
Shares Outstanding 255752913 | Shares Floating 246842482 | ||
Percent Insiders 3.73 | Percent Institutions 82.71 |
Upturn AI SWOT
CleanSpark Inc
Company Overview
History and Background
CleanSpark Inc. was founded in 2007 with the initial focus on developing and marketing energy efficiency technologies. Over the years, the company has pivoted its strategy to become a prominent player in the Bitcoin mining industry, acquiring significant mining capacity and developing advanced mining facilities. Key milestones include strategic acquisitions of mining assets and significant expansions of its operational hash rate.
Core Business Areas
- Bitcoin Mining Operations: CleanSpark is primarily engaged in mining Bitcoin using its own fleet of advanced ASIC miners. The company operates large-scale data centers designed for efficient and high-volume Bitcoin production. This segment focuses on optimizing energy consumption and maximizing hash rate to generate Bitcoin revenue.
- Energy Solutions (Historical/Minor Focus): While no longer the primary focus, CleanSpark has historically been involved in developing and marketing energy efficiency and microgrid solutions. This includes energy storage systems and renewable energy integration technologies, though its current revenue is overwhelmingly driven by Bitcoin mining.
Leadership and Structure
CleanSpark Inc. is led by a management team with experience in technology, finance, and operations. Key leadership roles typically include a CEO, CFO, and COO. The company operates as a publicly traded corporation with a board of directors overseeing its strategic direction and governance. Specific team members and their bios can be found on the company's investor relations website.
Top Products and Market Share
Key Offerings
- Bitcoin Mining Services: CleanSpark's core offering is the mining of Bitcoin. This involves utilizing sophisticated ASIC mining hardware housed in purpose-built data centers. The success of this offering is directly tied to the price of Bitcoin, the company's operational efficiency, and its mining capacity (hash rate). Competitors include all other public and private Bitcoin mining companies, such as Marathon Digital Holdings (MARA), Riot Platforms (RIOT), and Hut 8 Mining Corp (HUT).
Market Dynamics
Industry Overview
The Bitcoin mining industry is a rapidly evolving and highly competitive sector. It is characterized by significant capital investment in hardware and infrastructure, fluctuating Bitcoin prices, increasing energy costs, and a constant drive for operational efficiency and technological advancement. Regulatory landscapes also play a crucial role in different jurisdictions.
Positioning
CleanSpark has positioned itself as a leading, publicly traded Bitcoin miner with a focus on efficient operations and strategic expansion. Its competitive advantages lie in its substantial and growing hash rate, its investment in modern and energy-efficient mining equipment, and its proactive approach to securing competitive energy rates. The company aims to be one of the most efficient and cost-effective Bitcoin producers.
Total Addressable Market (TAM)
The Total Addressable Market (TAM) for Bitcoin mining is, in essence, the entire Bitcoin network's block reward. This is a continuously growing market driven by the scarcity of Bitcoin and increasing global adoption. CleanSpark, as a participant, aims to capture a larger percentage of this TAM by increasing its hash rate and operational efficiency relative to its competitors. The TAM is not a fixed monetary value but rather the potential revenue generated from mining all available Bitcoins.
Upturn SWOT Analysis
Strengths
- Significant and growing hash rate capacity
- Investment in modern and energy-efficient mining hardware
- Focus on operational efficiency and cost management
- Strategic geographic locations for energy procurement
- Experienced management team in the mining sector
Weaknesses
- High dependence on Bitcoin price volatility
- Significant capital expenditure requirements
- Exposure to fluctuating energy costs
- Intense competition in the mining space
- Potential regulatory uncertainties
Opportunities
- Further expansion of mining capacity through acquisitions and organic growth
- Leveraging renewable energy sources for more sustainable mining
- Development of additional revenue streams related to digital assets
- Increased institutional adoption of Bitcoin
- Potential for technological advancements in mining hardware
Threats
- Significant downturns in Bitcoin prices
- Increasing global competition and network difficulty
- Rising energy prices or availability constraints
- Unfavorable regulatory changes or governmental crackdowns
- Technological obsolescence of mining equipment
Competitors and Market Share
Key Competitors
- Marathon Digital Holdings (MARA)
- Riot Platforms (RIOT)
- Hut 8 Mining Corp (HUT)
- Cipher Mining Inc. (CIFR)
- Bitfarms Ltd. (BITF)
Competitive Landscape
CleanSpark competes in a highly dynamic and capital-intensive industry. Its advantages lie in its modern infrastructure, focus on efficiency, and strategic energy sourcing. However, it faces intense competition from larger players with greater scale and potentially lower cost structures. The ability to consistently acquire and deploy mining hardware efficiently, alongside managing energy costs effectively, is crucial for maintaining a competitive edge.
Major Acquisitions
Hut 8 Mining Corp. (Proposed Merger)
- Year: 2024
- Acquisition Price (USD millions):
- Strategic Rationale: The proposed merger aims to create a larger, more diversified digital asset mining company with enhanced operational scale, efficiency, and diversification across energy sources and geographies.
Various Bitcoin Mining Facilities and Operations
- Year: Ongoing
- Acquisition Price (USD millions): Varies
- Strategic Rationale: CleanSpark has made numerous strategic acquisitions of mining facilities and Bitcoin mining operations to rapidly increase its hash rate and operational capacity, thereby enhancing its position in the Bitcoin mining market.
Growth Trajectory and Initiatives
Historical Growth: CleanSpark has demonstrated significant growth in its hash rate and operational capacity over recent years, driven by strategic acquisitions and investments in new mining infrastructure. Revenue growth has been substantial, though subject to Bitcoin price fluctuations. The company has shown a strong trajectory in expanding its mining footprint.
Future Projections: Future growth projections for CleanSpark are largely dependent on continued expansion of its hash rate, maintaining operational efficiency, and favorable Bitcoin market conditions. Analyst estimates typically focus on projected Bitcoin production, operating costs, and potential profitability based on anticipated Bitcoin prices.
Recent Initiatives: Recent initiatives have likely included the acquisition of additional mining facilities, deployment of new generations of energy-efficient ASIC miners, securing favorable energy contracts, and exploring strategies to optimize their power consumption and reduce operational costs.
Summary
CleanSpark Inc. is a rapidly growing Bitcoin mining company with a strong emphasis on operational efficiency and strategic expansion. Its core strengths lie in its increasing hash rate and investment in modern infrastructure. However, the company is highly exposed to Bitcoin price volatility and faces intense competition and rising energy costs. Continued focus on cost management, energy optimization, and strategic acquisitions will be crucial for its sustained success and mitigating market risks.
Similar Stocks
Sources and Disclaimers
Data Sources:
- Company Investor Relations Filings (SEC)
- Financial News Outlets (e.g., Bloomberg, Reuters)
- Industry Analysis Reports
- Company Website
Disclaimers:
This JSON output is for informational purposes only and does not constitute financial advice. Data may be subject to change and is based on publicly available information. Numerical data for market share and TAM are estimates and may vary significantly based on the source and methodology. Historical financial data and projections are not guarantees of future performance. Users should conduct their own due diligence before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About CleanSpark Inc
Exchange NASDAQ | Headquaters Henderson, NV, United States | ||
IPO Launch date 2016-01-29 | CEO & Chairman Mr. S. Matthew Schultz | ||
Sector Financial Services | Industry Capital Markets | Full time employees 309 | Website https://www.cleanspark.com |
Full time employees 309 | Website https://www.cleanspark.com | ||
CleanSpark, Inc. operates as a bitcoin mining company in the Americas. The company owns, leases, and operates data centers and power assets. Its infrastructure supports Bitcoin, a digital commodity. 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.
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