Cleanspark (CLSK) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date

May 07, 2026

Before Open (Confirmed)

Period Ending

2026 (Q2)

Consensus EPS Forecast

-0.38

Last Year’s EPS

-0.49

Same Quarter Last Year

Analyst Consensus

Strong Buy

Based on 12 Analysts Ratings

Earnings Call Summary

Q1 2026

Earnings Call Date:Feb 05, 2026|

% Change Since:

Earnings Call Sentiment|Positive

The call reflects a constructive strategic transition: operational mining continues to generate durable cash flows and scale (>$180M revenue, >50 EH/s) while management is actively converting power and land assets into an AI data center platform with advanced tenant-driven diligence and sizable liquidity. Results were distorted this quarter by large non-cash mark-to-market Bitcoin adjustments that produced a reported net loss and negative adjusted EBITDA, but normalized operating metrics (normalized EBITDA ~$55M, strong gross margin ~47%) and DAM early wins show underlying cash generation. Key near-term risks are mark-to-market volatility, QoQ revenue pressure from difficulty and price, higher CapEx intensity for AI builds, and some timing uncertainty on site energization. On balance, strategic progress, strong liquidity, executive discipline (large share buybacks) and early revenue/cash generation from DAM and mining outweigh the transitory accounting losses and execution/timing risks.

Company Guidance

The call guided that CleanSpark is evolving into a multi‑stream digital infrastructure platform anchored by scarce utility‑grade power while maintaining a >50 EH/s Bitcoin mining footprint; Q1 FY2026 results showed revenue ≈$181M (up ≈$19M YoY, ≈+12%; down ≈$43M Q/Q, ≈‑19%), gross margin ≈47% (vs ≈57% a year ago), net loss ≈$379M (vs net income ≈$247M prior year), adjusted EBITDA ≈‑$295M (vs +$322M YoY) driven by ≈$350M of mark‑to‑market charges, and normalized EBITDA ≈$55M (~30% normalized margin). Key financial/capital metrics: cash up >$400M after a $1.15B 0% convertible in Nov (net proceeds ≈$420M after paying lines and repurchasing ≈$463M of stock; total share repurchases >$600M since Dec‑2024, ~20% of shares repurchased), total debt ≈$1.8B (net debt to liquidity ≈1.1), >13,000 BTC holdings valued ≈$1.15B at 12/31, and >$800M liquidity available (cash + BTC‑backed lines). DAM produced >$13M in premiums/cash (≈24% of normalized EBITDA), a covered‑call uplift of ≈$7,700 per BTC (~8% vs avg sales price ≈$97,200), annualized premium return ≈4.2%, and a basis‑trade yield >5.5% (≈200 bps over risk‑free). AI/data‑center and operational guidance: assembled ~900 MW Houston‑area potential (Sandersville ≈250 MW live + new 122‑acre parcel; Sealy 271 acres/285 MW with ~207–209 MW targeted H1’27 and ~40 MW in ’28 and ’29; Brazoria up to 477 acres/initial 300 MW expandable to 600 MW with energization aimed Q4’27–Q1’28), expected build CapEx ≈$9–$11M per MW, tenant‑driven basis‑of‑design approach, focus on grade‑A counterparties and long‑dated leases, continued use of mining to monetize assets until load transition, and ongoing fleet efficiency improvements (current fleet ~16.07 J/TH moving toward 13.5 J/TH immersion machines, with <10% of fleet currently uneconomic at prevailing BTC prices).

Revenue and Gross Margin

Revenue of ~$181M for Q1 FY2026 (more than $180M); year-over-year revenue growth of ~12% (approximately $19M); gross margin exceeded 47% (healthy margin despite macro/micro pressures).

Normalized Operating Cash Generation

On a normalized basis (adjusting for mark-to-market), normalized EBITDA was ~$55M, representing ~30% normalized margin — indicating positive cash generation from core operations.

Mining Scale and Efficiency

Scaled mining footprint of >50 exahash/s (EH/s); Bitcoin production revenue rate ~ $100,000 per BTC this quarter versus ~$84,000 in the year-ago quarter; less than 10% of the fleet currently unprofitable at prevailing Bitcoin prices.

Digital Asset Management (DAM) Early Success

DAM generated >$13M in premiums/cash in the quarter (~24% of normalized adjusted EBITDA); covered-call program added ~$7,700 (~8%) per Bitcoin on average sales price; annualized return of ~4.2% on average total balance from DAM; basis trade produced >5.5% annualized on allocated cash.

Balance Sheet Liquidity and Capital Actions

Closed $1.15B convertible offering in Nov 2025; cash balance increased >$400M QoQ with ~ $420M net cash proceeds retained after paying lines and repurchases; repurchased ~$463M of stock in the offering and >$600M total repurchases since Dec 2024 (~20% of shares outstanding repurchased).

Bitcoin Holdings and Financing Optionality

Holding ~13,000+ Bitcoin total with ~40% (~5,200 BTC) allocated to yield generation; Bitcoin valuation on balance sheet was $1.15B as of 12/31; combined cash and capacity on BTC-backed credit lines provide >$800M liquidity without selling Bitcoin.

Strategic AI / Data Center M&A and Pipeline

Acquired 271 acres in Austin County with 285 MW contracted power and potential gas behind-the-meter optionality; initiated Brazoria County development with initial 300 MW (expandable to 600 MW); added 122-acre parcel adjacent to Sandersville — aggregate Houston-area potential ~900 MW, forming an AI infrastructure hub.

Commercial Momentum and Tenant-Driven Diligence

Management reports advanced, tenant-driven diligence across multiple sites (power studies, cooling validation, commercial structuring); Sandersville cited as a clear frontrunner for demand given 250 MW of live power and energized substation.

Cleanspark (CLSK) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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CLSK Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
May 07, 2026	2026 (Q2)	-0.38 / -	-0.49	―	―	―
Feb 05, 2026	2026 (Q1)	0.22 / -1.35	0.83	-262.65% (-2.18)
Nov 25, 2025	2025 (Q4)	0.26 / 0.00	-0.287	―
Aug 07, 2025	2025 (Q3)	0.30 / 0.78	-1.022	176.32% (+1.80)	―
May 08, 2025	2025 (Q2)	-0.11 / -0.49	0.58	-184.48% (-1.07)	―
Feb 06, 2025	2025 (Q1)	0.37 / 0.83	0.14	492.86% (+0.69)
Dec 02, 2024	2024 (Q4)	-0.18 / -0.29	0.264	-208.71% (-0.55)
Aug 09, 2024	2024 (Q3)	-0.10 / -1.02	-0.12	-751.67% (-0.90)
May 09, 2024	2024 (Q2)	0.07 / 0.58	-0.23	352.17% (+0.81)
Feb 08, 2024	2024 (Q1)	-0.26 / 0.14	-0.46	130.43% (+0.60)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

CLSK Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Feb 05, 2026	$8.27	$10.08	+21.96%
Nov 25, 2025	$11.82	$13.45	+13.79%
Aug 07, 2025	$10.72	$10.07	-6.06%
May 08, 2025	$8.68	$9.20	+5.99%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Cleanspark, Inc. (CLSK) report earnings?

Cleanspark, Inc. (CLSK) is schdueled to report earning on May 07, 2026, Before Open (Confirmed).

What is Cleanspark, Inc. (CLSK) earnings time?

Cleanspark, Inc. (CLSK) earnings time is at May 07, 2026, Before Open (Confirmed).

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What is CLSK EPS forecast?

CLSK EPS forecast for the fiscal quarter 2026 (Q2) is -0.38.