CleanSpark, Inc. (CLSK) Stock Analysis
Range Bound setup
Financial Services · Capital Markets
Sell if holding. Engine safety override at $15.73: a dimension score below its floor triggers a hard block regardless of the otherwise-positive setup — overall score 3.6/10. Specifically: High short interest: 46%; Below-average business quality; Negative price momentum.
CleanSpark is a bitcoin mining data center operator with ~1,027 MW of contracted power capacity across 33 locations in Georgia (620 MW), Tennessee (234 MW), Mississippi (63 MW), and Wyoming (110 MW). Revenue comes entirely from mining bitcoin via a single mining pool operator;... Read more
Sell if holding. Engine safety override at $15.73: a dimension score below its floor triggers a hard block regardless of the otherwise-positive setup — overall score 3.6/10. Specifically: High short interest: 46%; Below-average business quality; Negative price momentum. Chart setup: RSI 57 mid-range, Bollinger mid-band. Score 3.6/10, high confidence.
Passes 6/8 gates (clean insider activity, no SEC red flags, news boost analyst cluster(5), earnings proximity 58d clear, semi cycle peak clear, materials cycle peak clear). Fails on weak momentum and favorable risk/reward ratio. Suitability: aggressive.
About CleanSpark, Inc.
About CleanSpark, Inc.
CleanSpark operated 1,027 megawatts of contracted data center capacity across 33 wholly owned mining locations in Georgia (620 MW), Tennessee (234 MW), Wyoming (110 MW), and Mississippi (63 MW) as of September 30, 2025. The company mined approximately 7,873 bitcoins in fiscal year 2025, down 11% from fiscal 2024 due to the April 2024 bitcoin halving, while reaching a peak hashrate of 50 exahash per second. The company employed 314 staff, all located in the United States.
CleanSpark generates all mining revenue by contributing computing power to a single mining pool operator, which pays bitcoin rewards based on a predetermined formula tied to actual computing power contributed. The pool contract is terminable at any time by either party. Equipment procurement is majority-sourced from Bitmain Technologies Delaware Limited, with additional miners from MicroBT, Canaan Crypt Solutions, and Sunnyside Digital; the average miner age was approximately 15 months with average energy efficiency of 16.7 watts per terahash. Mined bitcoin is custodied through Coinbase, Inc. under an agreement in which Coinbase maintains insurance at its own expense but does not disclose cold-storage locations to clients. Bitcoin mining competitors include MARA Holdings, Riot Platforms, Core Scientific, Bitfarms, IREN Limited, Cipher Mining, and TeraWulf.
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CleanSpark's single-point-of-failure exposure extends from revenue generation to custody: all mining output flows through one unnamed pool operator, and all mined bitcoin is initially received through Coinbase wallets. The 10-K also discloses that former CEO Zachary K. Bradford resigned on August 10, 2025, introducing management transition risk during the company's pivot into AI and HPC hosting — a capital-intensive expansion that may divert power capacity and capital away from bitcoin mining operations at existing sites, including the 620 MW Georgia platform.
See also: Financial Services · Capital Markets
From CleanSpark, Inc.'s most recent 10-K filing, extracted June 9, 2026.
Recent developments
updated 2026-06-10Recent Developments — CleanSpark, Inc.
Latest news
- NEWS Benzinga Bulls And Bears: Oracle, Apple, Super Micro — And SpaceX IPO Boosts Market — benzinga Jun 13, 2026 neutral
- NEWS These 10 Stocks Are Getting Crushed By Short Sellers Right Now — benzinga Jun 11, 2026 negative
- NEWS Cleanspark Stock Jumps After Chardan Raises Target — benzinga Jun 8, 2026 positive
- NEWS Oncology Institute To Rally Over 64%? Here Are 10 Top Analyst Forecasts For Monday — benzinga Jun 8, 2026 positive
- NEWS Chardan Capital Maintains Buy on Cleanspark, Raises Price Target to $19 — benzinga Jun 8, 2026 positive
Generated 2026-06-15T12:26:43Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
Concentration Risks(10-K Item 1A)
- HIGHCustomersingle mining pool operator10-K Item 1: 'We obtain bitcoin as a result of our mining operations by contributing all of our computing power to a single mining pool operator, who is currently our sole customer.'
- HIGHGeographicGeorgia10-K Item 1: 'our Georgia facilities have a developed data center infrastructure backed by approximately 620 MW'
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Rating Breakdown
5 floor-breakers
Revenue shrinking — -24.9% YoY. Growth thesis broken unless recovery story develops.static
Ranks in the bottom of its industry peers on the composite signal. Better names in the same sector exist.static
Unprofitable operations — net margin -67.7%. Quality floor flags this regardless of sector context.static
Volatile — 9.2% daily ATR makes tight stops impractical. Position-size conservatively.static
Momentum below the gate floor. Component breakdown shows what dragged the score down.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Sell if holding. Engine safety override at $15.73: a dimension score below its floor triggers a hard block regardless of the otherwise-positive setup — overall score 3.6/10. Specifically: High short interest: 46%; Below-average business quality; Negative price momentum. Chart setup: RSI 57 mid-range, Bollinger mid-band. Prior stop was $14.85. Score 3.6/10, high confidence.
Take-profit target: $17.73 (+11.0% upside). Prior stop was $14.85. Stop-loss: $14.85.
Concentration risk — Customer: single mining pool operator; Concentration risk — Geographic: Georgia; Quality below floor (2.3 < 4.0).
CleanSpark, Inc. trades at a P/E of N/A (forward -22.8). TrendMatrix value score: 6.2/10. Verdict: Sell.
20 analysts cover CLSK with a consensus score of 4.2/5. Average price target: $20.
What does CleanSpark, Inc. do?CleanSpark is a bitcoin mining data center operator with ~1,027 MW of contracted power capacity across 33 locations in...
CleanSpark is a bitcoin mining data center operator with ~1,027 MW of contracted power capacity across 33 locations in Georgia (620 MW), Tennessee (234 MW), Mississippi (63 MW), and Wyoming (110 MW). Revenue comes entirely from mining bitcoin via a single mining pool operator; the company mined ~7,873 bitcoins net in fiscal year ended September 30, 2025.