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Upturn AI Summary - About
CleanSpark Inc(CLSK)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for CLSK
10/23/2026: CLSK (1-star) is currently NOT-A-BUY. Pass it for now.
CleanSpark Inc is a prominent North American Bitcoin mining company that focuses on operational efficiency and sustainable power procurement. The company's primary investment story centers on its ability to rapidly scale hashrate capacity through infrastructure acquisition and consistent fleet modernization. While it has a leading position in terms of operational uptime, the business faces material risks, including high sensitivity to Bitcoin price volatility and the potential for regulatory headwinds. The stock is best suited for growth-oriented investors who are comfortable with the inherent risks of the cryptocurrency sector. Investors should monitor developments in power costs, network difficulty trends, and the company's progress in diversifying into high-performance computing.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
Company fundamentals, valuation, risks, and news provide supporting context about the business.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Strong fit | The company is aggressively expanding its hashrate capacity to capture growth in the digital asset sector. |
| Momentum investor | Strong fit while signal remains positive | Stock price performance is closely tied to Bitcoin price trends, making it highly sensitive to market momentum. |
| Value investor | Weak fit | The valuation is often based on future growth potential and digital asset holdings rather than traditional earnings metrics. |
| Dividend investor | Weak fit | CleanSpark does not pay a dividend and reallocates all capital into operational expansion. |
| Low-risk investor | Weak fit | High volatility associated with Bitcoin prices and mining operations makes this unsuitable for low-risk portfolios. |
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Price volatility | High | The company's revenue and asset values are directly linked to the highly volatile price of Bitcoin. |
| Valuation risk | Medium / high | Market pricing often fluctuates based on speculative sentiment toward cryptocurrency. |
| Competition risk (Mining capacity) | High | Rapid expansion by rivals like MARA and RIOT can dilute CleanSpark's relative share of total network rewards. |
| Business quality | Medium | The business relies on capital-intensive hardware that requires constant reinvestment to remain competitive. |
| Dividend income | Low / none | There is no current yield, making it poor for income-focused strategies. |
| Execution risk | Medium / high | Success depends on the timely deployment of mining rigs and securing cost-effective energy. |
Price Behavior
Rolling Over
The price momentum is slowing down and beginning to turn downward.
Extreme Price Shocks
The stock has experienced exceptionally large and disruptive price movements during the period.
Analysis of Past Performance
Type Stock | Historic Profit 28.8% | Avg. Invested days 23 | Today’s Advisory PASS |
Upturn Advisory Rating  | Upturn Advisory Performance  3.0 | Stock Returns Performance  3.0 |
| Profits based on simulation | Last Close 10/23/2026 |
Upturn Scorecard
Upturn Star Rating 
Company Fundamentals
Financial Health Rating
Growth Momentum Score
Ownership
Top 5 Institutional Investors
Unit Economics (Per $1K Revenue)
Economic Dimensions
Quantitative Style Profile
Style Classification
Quality Focused
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 2.02B USD | Price to earnings Ratio - | 1Y Target Price 23.17 |
Price to earnings Ratio - | 1Y Target Price 23.17 | ||
Volume (30-day avg) 17.6M shares | Beta 3.84 | 52 Weeks Range 7.82 - 20.86 | Updated Date 10/24/2026 |
52 Weeks Range 7.82 - 20.86 | Updated Date 10/24/2026 | ||
Dividends yield (FY) - | Basic EPS (TTM) -3.78 |
How Company Makes Money
| Business area | What it includes | Retail investor read |
|---|---|---|
| Bitcoin Mining | Verification of blockchain transactions using specialized ASIC hardware. | Revenue is generated by earning Bitcoin for solving complex cryptographic problems on the network. |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Valuation
Trailing PE - | Forward PE 30.49 | Enterprise Value 4.42B | Price to Sales(TTM) 2.98 |
Enterprise Value 4.42B | Price to Sales(TTM) 2.98 | ||
Enterprise Value to Revenue 6.51 | Enterprise Value to EBITDA 29.83 | Shares Outstanding 256.82M | Shares Floating 246.53M |
Shares Outstanding 256.82M | Shares Floating 246.53M | ||
Percent Insiders 4.01 | Percent Institutions 100.08 |
Financial Metrics
🧭 Investment Snapshot
Total Revenue (Scale)
Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.
Net Income (Profit)
Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.
Free Cash Flow (Cash Strength)
Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.
📈 Growth & Strength
Operating Income (Core Profit)
Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.
EBITDA (Cash Earnings)
Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.
Gross Profit (Unit Profitability)
Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.
🛡️ Financial Safety
Cash (Liquidity Buffer)
Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.
Total Debt (Leverage Risk)
Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.
Net Working Capital (Short-Term Health)
Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.
🧱 Balance Sheet Strength
Stockholder Equity (Net Worth)
Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.
Total Assets (Asset Base)
The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.
Income Before Tax (Pre-Tax Earnings)
Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.
⚙️ Cost & Drag Factors
Cost of Revenue (Production Cost)
Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.
Total Operating Expenses (Operating Cost)
Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.
Income Tax Expense (Tax Drag)
Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.
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