Q2 Earnings Forecast for CleanSpark Issued By HC Wainwright

CleanSpark, Inc. (NASDAQ:CLSK) – Stock analysts at HC Wainwright raised their Q2 2025 earnings per share (EPS) estimates for CleanSpark in a research note issued on Tuesday, December 3rd. HC Wainwright analyst M. Colonnese now expects that the company will earn $0.00 per share for the quarter, up from their prior forecast of ($0.01). HC Wainwright has a “Buy” rating and a $27.00 price objective on the stock. The consensus estimate for CleanSpark’s current full-year earnings is ($0.26) per share. HC Wainwright also issued estimates for CleanSpark’s Q2 2026 earnings at $0.16 EPS, Q3 2026 earnings at $0.17 EPS and Q4 2026 earnings at $0.14 EPS.

A number of other analysts have also recently weighed in on CLSK. Macquarie upped their price target on CleanSpark from $20.00 to $24.00 and gave the company an “outperform” rating in a research report on Wednesday. JPMorgan Chase & Co. lowered their price target on CleanSpark from $12.50 to $10.50 and set a “neutral” rating on the stock in a research report on Friday, August 23rd. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $23.00 price objective on shares of CleanSpark in a research note on Thursday, October 3rd. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, CleanSpark has a consensus rating of “Moderate Buy” and a consensus price target of $22.08.

CleanSpark Price Performance

Shares of NASDAQ:CLSK opened at $13.93 on Wednesday. The business’s fifty day moving average price is $12.24 and its two-hundred day moving average price is $13.53. CleanSpark has a fifty-two week low of $6.41 and a fifty-two week high of $24.72. The stock has a market capitalization of $3.53 billion, a price-to-earnings ratio of -24.02 and a beta of 4.16.

Insider Activity

In other news, Director Thomas Leigh Wood sold 22,222 shares of the company’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $9.24, for a total transaction of $205,331.28. Following the transaction, the director now owns 137,050 shares of the company’s stock, valued at $1,266,342. This represents a 13.95 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders have sold 26,272 shares of company stock valued at $254,836 over the last 90 days. 2.99% of the stock is owned by company insiders.

Hedge Funds Weigh In On CleanSpark

Several large investors have recently made changes to their positions in the company. Hollencrest Capital Management lifted its stake in shares of CleanSpark by 33.3% during the third quarter. Hollencrest Capital Management now owns 4,000 shares of the company’s stock valued at $37,000 after acquiring an additional 1,000 shares during the period. SteelPeak Wealth LLC lifted its stake in shares of CleanSpark by 3.0% during the second quarter. SteelPeak Wealth LLC now owns 36,907 shares of the company’s stock valued at $589,000 after acquiring an additional 1,066 shares during the period. FMR LLC lifted its stake in CleanSpark by 5.0% in the third quarter. FMR LLC now owns 24,729 shares of the company’s stock valued at $231,000 after buying an additional 1,170 shares during the period. Amalgamated Bank lifted its stake in CleanSpark by 18.4% in the second quarter. Amalgamated Bank now owns 7,667 shares of the company’s stock valued at $122,000 after buying an additional 1,194 shares during the period. Finally, DekaBank Deutsche Girozentrale lifted its stake in CleanSpark by 21.2% in the third quarter. DekaBank Deutsche Girozentrale now owns 7,689 shares of the company’s stock valued at $75,000 after buying an additional 1,345 shares during the period. Institutional investors and hedge funds own 43.12% of the company’s stock.

CleanSpark Company Profile

CleanSpark, Inc operates as a bitcoin miner in the Americas. It owns and operates data centers that primarily run on low-carbon power. Its infrastructure supports Bitcoin, a digital commodity and a tool for financial independence and inclusion. The company was formerly known as Stratean Inc and changed its name to CleanSpark, Inc in November 2016.