
CleanSpark (CLSK) Stock Forecast & Price Target
CleanSpark (CLSK) Analyst Ratings
Bulls say
Cleanspark Inc. has demonstrated significant growth by securing 1.8 GW of power under contract, nearly doubling its capacity in just six months, which positions the company favorably against competitors. The successful issuance of $1.15 billion in convertible debt has strengthened the company's liquidity, increasing its cash reserves to approximately $420 million, enhancing its financial stability. With a focus on transitioning towards AI and maintaining one of the industry's most efficient bitcoin mining fleets, Cleanspark is expected to gain market share and improve its revenue and EBITDA as less efficient miners exit the market.
Bears say
Cleanspark Inc. is experiencing substantial financial difficulties, highlighted by significant declines in revenue and margins due to falling bitcoin prices, which have also depreciated the value of its bitcoin holdings by approximately $247 million. The company's recent lower-than-expected revenue of $181 million for Q1'26, compared to the forecasted $207 million, coupled with reduced contributions from bitcoin mining and HPC revenues, underscores its weakened earnings potential. Additionally, an unfavorable market environment has led to a de-prioritization of investments in new mining equipment, limiting future growth prospects and indicating a less stable operating performance.
This aggregate rating is based on analysts' research of CleanSpark and is not a guaranteed prediction by Public.com or investment advice.
CleanSpark (CLSK) Analyst Forecast & Price Prediction
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