CleanSpark, Inc. (CLSKW) stock analysis

In our weekly check, CleanSpark, Inc. is graded F (A to F). Of 23 checks on debt, profit, cash flow and trend: 3 pass, warnings: 4, red flags: 16.

About CleanSpark, Inc.

CleanSpark, Inc. is a Financial Services company (Financial - Capital Markets) based in the United States, listed on NASDAQ as CLSKW.

What our checks show for CLSKW

Red flags

• The net margin fell by 91.4 points over 5 years, to -147%: the company keeps less of each sale as profit.
• The gross margin fell by 38 points, to -5.3%: costs are rising faster than prices.
• Weak EPS forecast
• Weak EPS growth
• The company is losing money: the net margin is -147%.
• Free cash flow is negative (-169% of revenue): the business spends more cash than it brings in.
• CleanSpark, Inc. pays a dividend while losing money: it is funded from reserves or debt.
• The price swings a lot: 124% annual volatility. Expect large ups and downs.
• The stock has fallen as much as 87% from a peak. Would you have held through that?
• Beta 3.89: the stock usually moves more than the market, both up and down.
• The share count grew by 175% in 2 years: each shareholder owns a smaller slice.
• Thinly traded (about 56 thousand shares a day): buying and selling can move the price.
• Return on capital (ROCE) is zero or negative: the business does not earn on the money put into it.
• Pay in shares equals 0% of free cash flow: it dilutes shareholders.

Warning signs

• Operating cash flow is negative while the company reports a profit: the profit does not arrive as cash.
• Analysts expect only about 2.6% a year of growth in revenue.
• A small company (market value $1.94 billion): usually riskier and followed by fewer analysts.
• The stock is still below its previous peak.

Strengths

• Analysts expect the net margin to improve by 95.5 points from today's -147%.
• Revenue grew 72.9% a year over the last 3 years.

Next earnings report: 2026-12-16

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Questions

What grade does CleanSpark, Inc. (CLSKW) have?

In our weekly check, CleanSpark, Inc. is graded F (A to F). Of 23 checks on debt, profit, cash flow and trend: 3 pass, warnings: 4, red flags: 16. The grade is a risk check, not a buy or sell recommendation.

What are the main risks of CLSKW stock?

This week's biggest flags for CleanSpark, Inc.: Margins falling, Gross margin falling, Weak EPS forecast. In total 20 of 23 checks show a warning or a red flag.

What does CleanSpark, Inc. do?

CleanSpark, Inc. is a Financial Services company (Financial - Capital Markets) based in the United States, listed on NASDAQ as CLSKW.

When does CleanSpark, Inc. report earnings next?

The next earnings report is expected on 2026-12-16. We re-run the checks every week, so the grade can change after it.

The grade is a risk check, not a price forecast, and not investment advice. In our 10-year test (S&P 500, 2016-2026), stocks we graded A or B fell more than 30% 2-3 times less often than D or F, without a lower average return.

Updated 2026-10-31

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