Cleanspark, Inc. (CLSK)
NASDAQ:CLSK
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Earnings Data
Report Date
Aug 11, 2026Before Open (Confirmed)
Period Ending
2026 (Q3)Consensus EPS Forecast
-0.33Last Year’s EPS
0.78Same Quarter Last Year
Strong Buy
Based on 10 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a constructive strategic narrative: CleanSpark is transitioning from a mining-focused company into a digital infrastructure and AI/HPC developer with substantial contracted power (1.8 GW), clear site milestones (Sandersville live + acreage, Sealy and Brazoria approvals), strong liquidity (~$1.2B) and evolving commercial and modular construction capabilities. At the same time, near-term financials remain challenged—revenues fell ~25% QoQ driven by a ~24% drop in average Bitcoin price, the company reported a large GAAP net loss (~$378M) driven by ~ $263M of noncash mark-to-market charges, and adjusted EBITDA remains materially negative. Execution risk (lease signings, build timelines), potential asset impairments during conversion, and market volatility for DAM are notable short-term headwinds. Overall, the strategic positives and balance-sheet strength provide meaningful optionality to execute the AI/HPC transition, but near-term financial results and execution risks persist.Company Guidance
Large contracted capacity and meaningful pipeline
1.8 gigawatts of currently contracted capacity across the portfolio, with a broader pipeline of greater than 5 gigawatts of potential capacity beyond contracted assets, providing optionality for HPC and AI deployments.
Sandersville fully energized and expanded land position
All 250 megawatts at Sandersville are live; company closed on an additional 122-acre parcel to support full greenfield data center build and is progressing with a lead prospective (high-credit-quality) tenant in active commercial negotiations.
Major Houston-area milestones (Sealy and Brazoria)
Sealy: 285 MW approved with just over 200 MW scheduled to energize in H1 2027 and substation construction underway. Brazoria: 600 MW in two phases with ERCOT approval received for the first 300 MW and the second 300 MW progressing through review.
Strong liquidity and balance sheet optionality
As of March 31 the company reported approximately $1.2 billion of liquidity (about $260 million cash + 13,561 BTC valued at $925 million at quarter end). Since quarter end the HODL value rose to ~ $1.1 billion and the company has $400 million capacity available on Bitcoin-backed lines of credit.
Mining operations remain resilient and efficiency improving
Mined 1,799 Bitcoin in the quarter—only 22 less than the prior quarter—indicating stable operational uptime. Power costs improved to $0.052/kWh (from $0.056 prior quarter and $0.06 year-ago). New immersion miners and contracted equipment expected to lower energy intensity from ~16 J/TH, with management forecasting hashrate/production to trend higher later in the year.
Margins and adjusted EBITDA showing improvement trends
Maintained a gross margin >40% for the quarter (vs. 47% prior quarter) despite lower BTC prices. Adjusted EBITDA improved sequentially to negative $241 million from negative $295 million in the prior quarter.
Commercialization and modular construction advantages
Company added 25 MW of contracted capacity in Metro Atlanta last month; emphasizes long-duration leases with portfolio offerings and factory-based modular construction that can reduce on-site labor by up to 70%, aiming to compress build timelines and repeatable delivery.
Digital Asset Management (DAM) monetization working in down market
DAM generated approximately $4 million net positive cash returns this quarter and $17.2 million fiscal YTD while activating <40% of Bitcoin/DM strategies, validating ability to generate supplemental cash in volatile environments.
CLSK Earnings History
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 |
|---|---|---|---|
May 11, 2026 | $14.30 | $13.47 | -5.80% |
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% |
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 Aug 11, 2026, Before Open (Confirmed).
What is Cleanspark, Inc. (CLSK) earnings time?
Cleanspark, Inc. (CLSK) earnings time is at Aug 11, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is CLSK EPS forecast?
CLSK EPS forecast for the fiscal quarter 2026 (Q3) is -0.33.