Cleanspark (NASDAQ:CLSK) Posts Earnings Results, Misses Estimates By $1.27 EPS

Cleanspark (NASDAQ:CLSK) posted its quarterly earnings results on Monday. The company reported ($1.52) EPS for the quarter, missing analysts’ consensus estimates of ($0.25) by ($1.27), FiscalAI reports. Cleanspark had a positive return on equity of 11.74% and a negative net margin of 33.24%.The company had revenue of $136.41 million during the quarter, compared to the consensus estimate of $145.36 million.

Here are the key takeaways from Cleanspark’s conference call:

• CleanSpark is repositioning as a digital infrastructure and data?center developer that leverages its energy heritage and a portfolio with 1.8 gigawatts of currently contracted capacity and a >5 GW growth pipeline.
• Sandersville (250 MW live) added a 122?acre parcel and is in advanced negotiations with a high?credit prospective tenant, with management emphasizing long?duration leases and disciplined counterparty selection.
• Management is deploying a modular, factory?centric construction approach (saying it can cut on?site labor by up to 70%), targets ~14–18 months from lease signing to delivery, and sees constructive financing markets for projects.
• Q2 revenue declined ~25% QoQ to ~$136M driven by lower Bitcoin prices and adjusted EBITDA was negative $241M, but liquidity remains strong at roughly $1.2 billion (cash + HODL) with the full $400M Bitcoin?backed credit line available.
• The company remains exposed to Bitcoin price volatility and GAAP swings—Q2 included an unfavorable non?cash mark?to?market charge of ~$263 million—and continues to report net losses until AI/HPC leases provide stable, long?term cash flow.

Cleanspark Price Performance

Shares of CLSK stock traded up $0.10 on Monday, reaching $14.30. The company’s stock had a trading volume of 29,337,039 shares, compared to its average volume of 24,010,705. The company has a quick ratio of 10.54, a current ratio of 10.54 and a debt-to-equity ratio of 1.29. Cleanspark has a 12-month low of $8.00 and a 12-month high of $23.61. The company has a market capitalization of $3.66 billion, a P/E ratio of -13.36 and a beta of 3.71. The stock’s 50 day simple moving average is $10.49 and its 200-day simple moving average is $12.03.

Institutional Investors Weigh In On Cleanspark

A number of institutional investors and hedge funds have recently made changes to their positions in CLSK. Marex Group plc raised its position in shares of Cleanspark by 23,812.2% in the fourth quarter. Marex Group plc now owns 5,400,561 shares of the company’s stock worth $54,654,000 after buying an additional 5,377,976 shares in the last quarter. Voloridge Investment Management LLC purchased a new stake in shares of Cleanspark in the third quarter worth $56,056,000. Dimensional Fund Advisors LP raised its position in shares of Cleanspark by 80.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 7,779,062 shares of the company’s stock worth $78,731,000 after buying an additional 3,467,841 shares in the last quarter. Renaissance Technologies LLC purchased a new stake in shares of Cleanspark in the fourth quarter worth $26,125,000. Finally, Clearfield Capital Management LP purchased a new stake in shares of Cleanspark in the fourth quarter worth $13,496,000. Hedge funds and other institutional investors own 43.12% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Northland Securities assumed coverage on Cleanspark in a report on Tuesday, January 13th. They issued an “outperform” rating and a $22.50 price target for the company. B. Riley Financial cut their price target on Cleanspark from $22.00 to $19.00 and set a “buy” rating for the company in a report on Wednesday, February 11th. Chardan Capital reaffirmed a “buy” rating and issued a $16.00 price target on shares of Cleanspark in a report on Wednesday, April 8th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Cleanspark in a report on Friday. Finally, Cantor Fitzgerald cut their price target on Cleanspark from $17.00 to $14.00 and set an “overweight” rating for the company in a report on Thursday, April 9th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $20.29.

Cleanspark Company Profile

CleanSpark, Inc (NASDAQ: CLSK) is a leading energy software and services company specializing in advanced microgrid controls and distributed energy resource (DER) management. The firm develops proprietary software platforms designed to optimize power flows across on-grid and off-grid installations, integrating renewable generation, battery storage, and traditional generation assets. CleanSpark’s technology is used by utilities, commercial and industrial enterprises, and remote facilities seeking to enhance energy resilience, reduce operating costs, and achieve sustainability goals.

In addition to its core software offerings, CleanSpark provides end-to-end engineering, procurement and construction (EPC) services.