Saturday 17 October 2026
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Cleanspark, Inc.
CLSK Financial Capital Markets
Cleanspark, Inc.’s revenue for fiscal 2025 (year ended September 2025) was $766.3 million, up 102.2% from fiscal 2024. In the quarter to June 2026, revenue fell 30.5%, EPS fell 198.9% and free cash flow grew 202.4%, each against the same quarter a year earlier. Revenue growth for ten consecutive years.
8.40
0.95
−10.16%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to September
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend | 2026e | 2027e | 2028e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price, $ | |||||||||||||||
| Price, $ | Low | 20.00 | 17.00 | 9.00 | 3.00 | 0.97 | 9.52 | 1.74 | 1.96 | 6.41 | 6.45 |
Analyst estimates 2026–2028 Powerpack |
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| High | 45.00 | 50.00 | 150.10 | 79.50 | 30.75 | 42.60 | 13.91 | 13.56 | 24.72 | 23.61 | |||||
| People | |||||||||||||||
| People | Employees | — | — | 7 | 20 | 62 | 87 | 130 | 131 | 270 | 314 | ||||
| Revenue/emp, $m | 0.00 | 0.00 | 0.08 | 0.23 | 0.16 | 0.45 | 1.01 | 1.29 | 1.40 | 2.44 | |||||
| Income, $m | |||||||||||||||
| Income, $m | Revenue | 0 | 0 | 1 | 5 | 10 | 39 | 132 | 168 | 379 | 766 | ||||
| Gross margin, % | (643.54) | 33.86 | 32.47 | 14.82 | 21.15 | 86.60 | 68.65 | 44.43 | 56.32 | 55.23 | |||||
| EBT | (3) | (13) | (47) | (26) | (23) | (8) | (40) | (131) | (142) | 404 | |||||
| EBT margin, % | (3,098.29) | (3,013.06) | (8,124.13) | (576.18) | (232.79) | (20.95) | (30.48) | (77.97) | (37.58) | 52.66 | |||||
| Net income | (3) | (13) | (47) | (26) | (23) | (22) | (57) | (138) | (146) | 364 | |||||
| Depreciation | 1 | 3 | 3 | 11 | 12 | 9 | 49 | 121 | 155 | 348 | |||||
| Per share, $ | |||||||||||||||
| Per share, $ | Revenue | 0.04 | 0.14 | 0.17 | 1.09 | 1.05 | 1.33 | 3.09 | 1.64 | 1.75 | 2.72 | ||||
| Earnings | (1.10) | (4.19) | (13.62) | (5.65) | (2.44) | (0.75) | (1.35) | (1.33) | (0.69) | 1.25 | |||||
| Cash flow | (0.19) | (0.42) | (0.37) | (1.36) | (0.70) | (0.81) | 1.72 | (0.17) | (1.08) | (1.63) | |||||
| Capex | 0.00 | (0.04) | (0.12) | (0.16) | (0.01) | (4.73) | (4.39) | (2.93) | (3.51) | (1.07) | |||||
| Free cash flow | (0.19) | (0.46) | (0.49) | (1.53) | (0.71) | (5.54) | (2.67) | (3.10) | (4.59) | (2.71) | |||||
| Book value | 14.50 | 6.32 | 4.65 | 4.52 | 1.72 | 10.38 | 9.48 | 6.58 | 8.12 | 7.71 | |||||
| Shares, m | 2 | 3 | 3 | 4 | 10 | 29 | 43 | 103 | 217 | 282 | |||||
| Valuation, × | |||||||||||||||
| Valuation, × | P/E | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 11.60 | ||||
| P/S | 0.00 | 0.00 | 0.00 | 7.83 | 11.90 | 8.69 | 1.03 | 2.35 | 5.34 | 5.34 | |||||
| P/B | 0.00 | 0.00 | 0.00 | 1.88 | 7.26 | 1.12 | 0.34 | 0.59 | 1.15 | 1.88 | |||||
| EV/Sales | 0.00 | 0.00 | 0.00 | 6.74 | 11.54 | 8.24 | 0.93 | 2.22 | 5.19 | 6.35 | |||||
| EV/FCF | 0.00 | 0.00 | 0.00 | (4.80) | (17.12) | (1.91) | (1.02) | (1.15) | (1.96) | (6.31) | |||||
| Cash, $m | |||||||||||||||
| Cash, $m | Operating cash flow | 0 | (1) | (1) | (6) | (7) | (24) | 73 | (17) | (234) | (461) | ||||
| Capex | 0 | 0 | 0 | (1) | 0 | (139) | (187) | (301) | (762) | (303) | |||||
| Free cash flow | 0 | (1) | (2) | (6) | (7) | (163) | (114) | (318) | (995) | (764) | |||||
| Balance, $m | |||||||||||||||
| Balance, $m | Working capital | 0 | 0 | (1) | 8 | 3 | 48 | 17 | 28 | 518 | 1,004 | ||||
| Total debt | 0 | 0 | 1 | 3 | 1 | 1 | 8 | 7 | 66 | 821 | |||||
| Net debt | 0 | 0 | 1 | (5) | (4) | (18) | (13) | (23) | (59) | 775 | |||||
| Shareholders’ equity | 33 | 20 | 16 | 19 | 16 | 306 | 404 | 676 | 1,761 | 2,175 | |||||
| Returns, % | |||||||||||||||
| Returns, % | ROA | (9.44) | (50.17) | (245.15) | (127.43) | (102.01) | (12.94) | (14.95) | (22.74) | (10.94) | 13.71 | ||||
| ROIC | 0.00 | (40.76) | (26.48) | (74.12) | (73.30) | (2.58) | (6.05) | (12.54) | (5.47) | 6.76 | |||||
| ROE | (9.59) | (50.94) | (258.31) | (149.50) | (132.24) | (13.65) | (16.22) | (25.57) | (12.23) | 17.93 | |||||
Negative figures in brackets.
Fiscal years to Sep 2025 · latest quarter Jun 2026 · fundamentals updated 2 Oct 2026
Charts ten years each
Cleanspark, Inc. vs peers in Capital Markets (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| LAZ Lazard, Inc. | $3.5B | 16.3× | 14.6× | +1.47% (above 0%: growing) | −94.64% (below 0%: shrinking) | +434.39% (above 0%: growing) | 100.00% | 4.66% | Compare |
| PJT PJT Partners Inc. | $3.5B | 17.9× | 23.7× | +19.52% (above 0%: growing) | +34.65% (above 0%: growing) | +26.53% (above 0%: growing) | 33.04% | 20.99% | Compare |
| MARA Marathon Digital Holdings, Inc. | $3.2B | — (loss-making) | — (loss-making) | −26.67% (below 0%: shrinking) | n/m | +85.60% (above 0%: growing) | 17.19% | (297.96%) | Compare |
| MIAX Miami International Holdings, Inc. | $3.1B | 26.0× | 15.2× | +18.26% (above 0%: growing) | +26.97% (above 0%: growing) | +162.65% (above 0%: growing) | 36.40% | 7.17% | Compare |
| PURR Hyperliquid Strategies Inc | $2.7B | — (loss-making) | — (loss-making) | +6,940.21% (above 0%: growing) | n/m | −6,672.51% (below 0%: shrinking) | 100.00% | 7,380.58% | Compare |
| CLSK Cleanspark, Inc. | $2.4B | — (loss-making) | — (loss-making) | −30.53% (below 0%: shrinking) | n/m | +202.37% (above 0%: growing) | 38.06% | (168.40%) | |
| ETOR eToro Group Ltd. | $2.0B | 7.9× | 13.7× | −23.93% (below 0%: shrinking) | +71.05% (above 0%: growing) | −32.39% (below 0%: shrinking) | 15.03% | 4.80% | Compare |
| SBET Sharplink Inc | $1.8B | — (loss-making) | — (loss-making) | +1,553.95% (above 0%: growing) | n/m | −339.59% (below 0%: shrinking) | 97.76% | (3,413.02%) | Compare |
| TOP TOP Financial Group Limited | $1.6B | 155× | — | — | n/m | +141.67% (above 0%: growing) | 83.91% | (35.94%) | Compare |
| Median of peers | $2.9B | 17.9× | 14.9× | +18.26% | +30.81% | +56.07% | 60.16% | 4.73% |
Cleanspark, Inc. (CLSK) key facts
- Strength: Cleanspark, Inc.’s revenue for fiscal 2025 (year ended September 2025) was $766.3 million, up 102.2% from fiscal 2024.
- Cleanspark, Inc. (CLSK) is a Capital Markets company in the Financial sector, listed on Nasdaq.
- As of October 16, 2026, CLSK traded at $8.40, a market capitalization of $2.4 billion.
- Return on equity was 17.9% and debt-to-equity 2.34.
- Its Piotroski F-score is 4 out of 9 for fiscal 2025.