Equity Profile

CLSK

CleanSpark, Inc.

Information TechnologyApplication Software$4.0B

May11Mon

Post-Earnings Recap

ReportedQ2-2026After Close4:15 PM EDT

CleanSpark Misses on EPS, Stock Up 0.7%

Metric	Actual	Expected	Surprise
EPS	$-1.52	$-0.23	-515.38%
Revenue	N/A	$148M	N/A

management commentary, guidance changes, and full analysis available with Pro.

CleanSpark Misses on EPS, Stock Up 0.7%

Key Numbers

Metric	Actual	Expected	Surprise
EPS	$-1.52	$-0.23	-515.38%
Revenue	N/A	$148M	N/A

Management Commentary

Tone: Unknown

No transcript is on record for this earnings call, and the analysis is based solely on numerical results.

What It Means

CleanSpark's earnings report showed a significant miss on EPS, which could raise concerns among investors. However, the stock reacted positively, increasing by 0.7%. This reaction may indicate that investors are looking beyond the EPS miss, possibly focusing on other aspects of the company's performance or future potential.

Company Snapshot

CleanSpark, Inc. is a technology company focused on providing software solutions that enhance the efficiency of energy consumption....

Key Metrics to Watch

EPS

Earnings per share is a key indicator of profitability and will show how well the company is managing its costs.

$-0.23

Revenue

Total revenue gives insight into the company's sales performance and market demand for its products.

$148M

Wall Street expectations, options signals, track record, and call prep available with Pro.

Original Pre-Earnings Preview

Context

Company Snapshot

CleanSpark, Inc. is a technology company focused on providing software solutions that enhance the efficiency of energy consumption. As a player in the application software industry, it is positioned within the growing sectors of renewable energy and sustainability, which are increasingly important in today's market.

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

38%

Avg EPS Surprise

-546.53%

Avg Stock Reaction

-0.55%

Last Quarter Recap

In Q1-2026, CleanSpark reported an EPS of $-1.35, significantly missing expectations. The stock reacted negatively, dropping 19.13% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Analysts are expecting a challenging quarter with a consensus EPS of $-0.23 and revenue of $148M. Given the previous quarter's significant miss, investors are cautious.

Bull Case

If CleanSpark can show improved cost management and better-than-expected revenue, it could signal a turnaround, leading to a positive market reaction.

Bear Case

Continued losses and failure to meet revenue expectations could further erode investor confidence, leading to a sharp decline in stock price.

Key Metrics to Watch

EPS

$-0.23

Earnings per share is a key indicator of profitability and will show how well the company is managing its costs.

Revenue

$148M

Total revenue gives insight into the company's sales performance and market demand for its products.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will CleanSpark's revenue meet or exceed the $148M consensus?

Revenue performance is critical for assessing the company's market demand and growth potential, especially after a significant miss last quarter.

Can the company reduce its EPS loss from $-1.35 to $-0.23 or better?

Improving EPS is essential for restoring investor confidence and demonstrating effective cost management.

Edge

What the Street Is Missing

Why consensus could be wrong

The consensus may underestimate CleanSpark's potential for revenue growth, especially if recent investments in software solutions begin to pay off.

Supporting Evidence

The options market is pricing a larger move than historical averages, indicating potential for unexpected results.

CleanSpark's previous earnings history shows significant volatility, suggesting that the market may be overly cautious this quarter.

Key Risk

If revenue comes in above $148M, it could shift the narrative significantly, challenging the current bearish outlook.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter is pivotal as it follows a substantial earnings miss, and the market is closely watching for signs of recovery.

Bull Confirmed If

Revenue exceeding $148M with a significant reduction in EPS loss would confirm a positive outlook.

Bear Confirmed If

An EPS loss greater than $-0.23 and revenue below $148M would reinforce bearish sentiment.

Pre-Earnings Positioning

Options Market

Implied Move

±14.55%

Historical Avg

±6.4%

Pricing rich

The options market is pricing in a significant move, suggesting that investors anticipate volatility around the earnings report.

Options are pricing ±14.5% while CLSK has averaged ±6.4% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

1.8%

30d HV

63.2%

Calls (4.8M)P/C Ratio: 0.62Puts (2.0M)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If CleanSpark beats expectations, history suggests a potential average one-day move of +2.37%, confirming a positive turnaround narrative.

In-Line / Cautious

If results are in line with expectations, the stock may experience a muted reaction as investors await further clarity from management.

Miss

Should the company miss expectations again, history suggests an average one-day move of -5.78%, potentially leading to further declines.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on new software contracts or partnerships that could drive revenue.
2Management's commentary on cost-cutting measures and their impact on EPS.
3Insights into market demand for CleanSpark's products and services.
4Details on any changes in operational strategy following the last quarter's performance.

See the full picture

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Company Snapshot

CleanSpark, Inc. is a technology company focused on providing software solutions that enhance the efficiency of energy consumption....

Key Metrics to Watch

EPS

Earnings per share is a key indicator of profitability and will show how well the company is managing its costs.

$-0.23

Revenue

Total revenue gives insight into the company's sales performance and market demand for its products.

$148M

Wall Street expectations, options signals, track record, and call prep available with Pro.

Original Pre-Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

38%

Avg EPS Surprise

-546.53%

Avg Stock Reaction

-0.55%

Last Quarter Recap

In Q1-2026, CleanSpark reported an EPS of $-1.35, significantly missing expectations. The stock reacted negatively, dropping 19.13% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Analysts are expecting a challenging quarter with a consensus EPS of $-0.23 and revenue of $148M. Given the previous quarter's significant miss, investors are cautious.

Bull Case

If CleanSpark can show improved cost management and better-than-expected revenue, it could signal a turnaround, leading to a positive market reaction.

Bear Case

Continued losses and failure to meet revenue expectations could further erode investor confidence, leading to a sharp decline in stock price.

Key Metrics to Watch

EPS

$-0.23

Earnings per share is a key indicator of profitability and will show how well the company is managing its costs.

Revenue

$148M

Total revenue gives insight into the company's sales performance and market demand for its products.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will CleanSpark's revenue meet or exceed the $148M consensus?

Revenue performance is critical for assessing the company's market demand and growth potential, especially after a significant miss last quarter.

Can the company reduce its EPS loss from $-1.35 to $-0.23 or better?

Improving EPS is essential for restoring investor confidence and demonstrating effective cost management.

Edge

What the Street Is Missing

Why consensus could be wrong

The consensus may underestimate CleanSpark's potential for revenue growth, especially if recent investments in software solutions begin to pay off.

Supporting Evidence

The options market is pricing a larger move than historical averages, indicating potential for unexpected results.

CleanSpark's previous earnings history shows significant volatility, suggesting that the market may be overly cautious this quarter.

Key Risk

If revenue comes in above $148M, it could shift the narrative significantly, challenging the current bearish outlook.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter is pivotal as it follows a substantial earnings miss, and the market is closely watching for signs of recovery.

Bull Confirmed If

Revenue exceeding $148M with a significant reduction in EPS loss would confirm a positive outlook.

Bear Confirmed If

An EPS loss greater than $-0.23 and revenue below $148M would reinforce bearish sentiment.

Pre-Earnings Positioning

Options Market

Implied Move

±14.55%

Historical Avg

±6.4%

Pricing rich

The options market is pricing in a significant move, suggesting that investors anticipate volatility around the earnings report.

Options are pricing ±14.5% while CLSK has averaged ±6.4% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

1.8%

30d HV

63.2%

Calls (4.8M)P/C Ratio: 0.62Puts (2.0M)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If CleanSpark beats expectations, history suggests a potential average one-day move of +2.37%, confirming a positive turnaround narrative.

In-Line / Cautious

If results are in line with expectations, the stock may experience a muted reaction as investors await further clarity from management.

Miss

Should the company miss expectations again, history suggests an average one-day move of -5.78%, potentially leading to further declines.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on new software contracts or partnerships that could drive revenue.
2Management's commentary on cost-cutting measures and their impact on EPS.
3Insights into market demand for CleanSpark's products and services.
4Details on any changes in operational strategy following the last quarter's performance.