Reading the tape
NASDAQ: CLSK
CleanSpark, Inc.
Technology · Software - Application
Corporate event
Recent acquisition on record
Event dated Aug 6, 2024CLEANSPARK, INC. has a recent acquisition record for GRIID Infrastructure Inc. Common Stock. Reported results and multi-period comparisons may mix pre- and post-transaction periods, so review the reference filing before leaning on valuation outputs.
Open reference filingMarket Cap
$3.43B
52w High
$23.61
52w Low
$7.82
P/E
-14.61
Volume
15.90M
Outstanding Shares
255.75M
Price vs Fundamentals
Why The Stock Is Moving
Fundamentals are supporting the moveModerate confidence
Note: The most recent financial data is over 3 months old. Metrics shown may not reflect the latest reporting period.
1Y Price: 65.16%Revenue (TTM): 67.96%FCF (TTM): 8.45%P/S: 46th pct
What changed
The stock rose 65.16% over the last year. Revenue grew 67.96% over the trailing twelve months. Operating margin moved from 6.94% to -26.44%. Free cash flow grew 8.45% over the trailing twelve months.
What the market seems to be pricing
The stock move broadly lines up with stronger business momentum, and the shares are still only around the 46th percentile of their historical P/S range.
What would invalidate this read
Operating margin is at -26.44%. Revenue grew 67.96% — this thesis depends on that trajectory holding. If revenue growth, margins, or free cash flow roll over while the stock keeps climbing, more of the move would be coming from multiple expansion than business progress.
Company profile
CleanSpark, Inc. provides bitcoin mining and energy technology solutions worldwide.
CEOS. Matthew Schultz
SectorTechnology
IndustrySoftware - Application
Employees256
IPO dateNov 16, 2016
Valuation
Forward P/E—
EV/EBITDA6.38
Enterprise value$4.87B
Stock splits
Dec 11, 2019↓ Reverse
Every 10 shares became 1
May 13, 2015↑ Forward
Every 1 shares became 3
Mar 7, 2013↓ Reverse
Every 39 shares became 1
Profitability & growth
Revenue growth11.63%
Gross margin41.36%▲13.14%vs FY2024
Operating margin-26.44%▲205.83%vs FY2024
ROE16.76%▲302.40%vs FY2024
Analyst consensus
RatingBuy
Target price$19.42▲44.82%
10
Buy
0
Hold
0
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
May 7, 2026
Q2 FY26 · EPS est -$0.25 · Revenue est $145.36M
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