CleanSpark, Inc.

NASDAQ•CLSK

CEO: Mr. S. Matthew Schultz

Sector: Technology

Industry: Software - Application

Listing Date: 2016-11-16

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. CleanSpark, Inc. was incorporated in 1987 and is headquartered in Henderson, Nevada.

Contact Information

10624 S. Eastern Ave., Suite A -638, Henderson, NV, 89052, United States

702-989-7692

www.cleanspark.com

Market Cap

$4.23B

P/E (TTM)

-8.8

76.6

Dividend Yield

52W High

$23.61

52W Low

$8.00

52W Range

54%

Rank63Top 94.0%

1.8

F-Score

Modified Piotroski Analysis

Based on 10-year fundamentals

Weak • 1.8 / 9 points

Scoring Range (0-9)

8-9: Excellent Value

6-7: Strong Fundamentals

4-5: Average Quality

0-3: Weak Performance

Data Period: 2016-2025

Financial Dashboard

Q2 2026 Data

Revenue

$136.41M+0.00%

4-Quarter Trend

EPS

-$1.52+0.00%

4-Quarter Trend

FCF

-$173.42M+0.00%

4-Quarter Trend

2026 Q1 Earnings Highlights

Key Highlights

Mining Revenue Increased Bitcoin mining revenue reached $181.2M, up 11.6% from $162.3M year prior, driven by higher BTC price.

Operational Hashrate Growth Average hashrate increased to 47.1 EH/s compared to 39.1 EH/s last year, improving efficiency to 16.8 W/TH.

Balance Sheet Debt Surge Total liabilities surged to $1.94B due to $1.13B in new 2032 Convertible Notes issued in November 2025.

Bitcoin Holdings Increased BTC holdings grew to 11,452 coins, alongside a $144.2M receivable from posted collateral as of period end.

Risk Factors

Significant Net Loss Reported net loss of $(378.7M) driven by $246.8M unrealized loss on fair value of Bitcoin assets.

Increased Leverage Profile Long-term debt increased substantially to $1.79B, requiring careful management of upcoming maturity schedules.

Potential Tariff Liability Potential tariff liability exposure estimated up to approximately $185M on previously purchased mining equipment.

Regulatory Environment Risk Rapidly changing regulatory and legal environment poses unknown future challenges to operational stability.

Outlook

AI and HPC Expansion Actively pursuing AI and HPC hosting opportunities, advancing design and permitting for new data center sites.

Texas Acquisition Integration Integrated Texas acquisition, securing 285 MW power supply to support next-generation data center campus development.

Digital Asset Strategy Instituted Digital Asset Management strategy to monetize holdings via derivatives like covered calls for incremental income.

Future Capital Requirements Likely require additional equity or debt financing to respond to technological advancements and growth opportunities.

Peer Comparison

Revenue (TTM)

$15.15B

+1.0%

WEX

$2.70B

+3.3%

ITRI

$2.35B

-4.0%

Gross Margin (Latest Quarter)

DLB

88.7%

-1.0pp

BILL

81.6%

-1.4pp

80.4%

+2.8pp

Key Metrics

Symbol	Market Cap	P/E (TTM)	ROE (TTM)	Debt to Assets
ONTO	$16.11B	151.4	5.2%	0.0%
FROG	$9.42B	-151.7	-7.0%	1.2%
CRUS	$8.28B	20.1	20.2%	5.4%

Long-Term Trends

Last 4 Quarters

Revenue

Net Income

Operating Cash Flow

4Q Revenue CAGR

-11.8%

Growth Under Pressure

4Q Net Income CAGR

N/M

Profitability Shift

Cash Flow Stability

Cash Flow Needs Attention

Deep Research

Next earnings:Aug 6, 2026

EPS:-$0.29

Revenue:$156.68M

Financials

Earnings Calls

Reports

News

Income Statement

Balance Sheet

Cash Flow Statement

Ratios

% Chg.

Income Statement	LTM

No Data