CleanSpark, Inc. ($CLSK) reported third-quarter fiscal 2026 revenue of $138.0 million, down 30.5% from a year earlier and below the $154.2 million analyst estimate. Gross profit fell to $52.5 million, while operating profit nearly disappeared at $101,000.
The company posted a net loss attributable to common shareholders of $239.8 million, or $(0.89) per diluted share, compared with expectations for a smaller loss. Cost of sales totaled $85.5 million.
Cash from operating activities was negative $112.3 million, while capital spending on property, plant and equipment was $23.7 million. CleanSpark ended the period with $202.6 million in cash and cash equivalents, even as total liabilities rose to $1.9 billion.
- Revenue: $138.0 million
- Gross profit: $52.5 million
- Net loss: $239.8 million
- Cash and cash equivalents: $202.6 million
- Stock moved up 3.5% after the close
Note: This financials data is sourced from a third-party provider and has not been independently verified by Quiver.
CleanSpark, Inc. Hedge Fund Activity
We have seen 171 institutional investors add shares of CleanSpark, Inc. stock to their portfolio, and 202 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- SITUATIONAL AWARENESS LP added 10,635,739 shares (+648.4%) to their portfolio in Q1 2026, for an estimated $90,510,138
- DIMENSIONAL FUND ADVISORS LP added 6,323,715 shares (+81.3%) to their portfolio in Q1 2026, for an estimated $53,814,814
- BLACKROCK, INC. removed 2,872,599 shares (-6.4%) from their portfolio in Q1 2026, for an estimated $24,445,817
- RENAISSANCE TECHNOLOGIES LLC removed 2,581,482 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $21,968,411
- HRT FINANCIAL LP added 2,302,069 shares (+inf%) to their portfolio in Q1 2026, for an estimated $19,590,607
- VOLORIDGE INVESTMENT MANAGEMENT, LLC removed 2,299,020 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $19,564,660
- CITADEL ADVISORS LLC added 2,104,687 shares (+inf%) to their portfolio in Q1 2026, for an estimated $17,910,886
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
CleanSpark, Inc. Analyst Ratings
Wall Street analysts have issued reports on $CLSK in the last several months. We have seen 2 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- Macquarie issued a "Outperform" rating on 05/13/2026
- BTIG issued a "Buy" rating on 05/12/2026
To track analyst ratings and price targets for CleanSpark, Inc., check out Quiver Quantitative's $CLSK forecast page.
CleanSpark, Inc. Price Targets
Multiple analysts have issued price targets for $CLSK recently. We have seen 9 analysts offer price targets for $CLSK in the last 6 months, with a median target of $19.0.
Here are some recent targets:
- James McIlree from Chardan Capital set a target price of $19.0 on 07/08/2026
- Greg P. Miller from Citizens set a target price of $27.0 on 06/24/2026
- Stephen Glagola from Keefe, Bruyette & Woods set a target price of $16.0 on 05/13/2026
- Paul Golding from Macquarie set a target price of $22.0 on 05/13/2026
- Matthew Galinko from Maxim Group set a target price of $22.0 on 05/12/2026
- Gregory Lewis from BTIG set a target price of $26.0 on 05/12/2026
- John Todaro from Needham set a target price of $18.0 on 05/04/2026
