Equity Profile

CLSK

CleanSpark, Inc.

Information TechnologyApplication Software$3.0B

Aug6Thu

Pre-Earnings Brief

UpcomingQ3-2026After Close5:00 PM EDT

Company Snapshot

CleanSpark, Inc. is a technology company focused on providing software solutions, particularly in the energy sector....

Key Metrics to Watch

EPS

Earnings per share is crucial as it indicates the company's profitability and financial health.

-0.41

Revenue

Revenue figures are essential for understanding the company's sales performance and market demand.

134M

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

CLSK Q3-2026 Earnings Preview

Context

Company Snapshot

CleanSpark, Inc. is a technology company focused on providing software solutions, particularly in the energy sector. With a market cap of $3 billion, it plays a significant role in the growing demand for sustainable energy solutions and efficient energy management.

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 Q2 2026, CleanSpark reported a significant earnings miss with an EPS of -$1.52, far below expectations. The stock reacted positively the next day, increasing by 0.70%.

Management Promises & Guidance

Focus on improving operational efficiency.
Commitment to expanding market share in the software sector.
Plans to enhance customer engagement and satisfaction.

Expectations

Wall Street Expectations

Analysts are expecting a challenging quarter with a consensus EPS of -$0.41 and revenue of $134 million. The market is watching closely for any signs of recovery or continued struggles.

Bull Case

If CleanSpark can exceed revenue expectations and show signs of narrowing losses, it could signal a turnaround, boosting investor confidence.

Bear Case

Continued losses and lower-than-expected revenue could lead to further declines in stock price, as investors may lose faith in the company's recovery prospects.

Key Metrics to Watch

EPS

-0.41

Earnings per share is crucial as it indicates the company's profitability and financial health.

Revenue

134M

Revenue figures are essential for understanding the company's sales performance and market demand.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will CleanSpark's revenue meet or exceed the consensus estimate of $134 million?

Revenue performance will be a key indicator of the company's market demand and operational effectiveness.

Can the company narrow its EPS loss from -$1.52 last quarter to -$0.41 this quarter?

A smaller loss would suggest improvements in cost management and operational efficiency, which are critical for investor confidence.

Edge

What the Street Is Missing

Why consensus could be wrong

The consensus may underestimate CleanSpark's potential for revenue recovery given recent operational improvements and market conditions.

Supporting Evidence

Options are pricing a 23.91% move, indicating the market expects significant volatility.

The company's historical performance suggests a tendency to recover from earnings misses.

Recent operational changes may not yet be reflected in analyst expectations.

Key Risk

If revenue exceeds $134 million, it could challenge the current bearish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating whether CleanSpark can recover from its recent earnings misses and improve its financial performance.

Bull Confirmed If

Revenue growth exceeding $134 million and an EPS loss of less than -$0.41 would confirm the bull case.

Bear Confirmed If

An EPS loss greater than -$0.41 and revenue below $106 million would confirm the bear case.

Pre-Earnings Positioning

Options Market

Implied Move

±23.91%

Historical Avg

±6.4%

Pricing rich

The options market is pricing in a significant potential move, indicating heightened uncertainty around the earnings report.

Options are pricing ±23.9% while CLSK has averaged ±6.4% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

1.0%

30d HV

71.6%

Calls (3.2M)P/C Ratio: 0.48Puts (689K)

Edge

Historical Setup Match

Cross-company pattern from 28 similar setups.

Prior-quarter miss + options pricing rich in Information Technology

n=28

Fade rate: 8 of 28 (29%)

This setup has occurred 28 times across Information Technology in the last 2 years. 20 of 28 (71%) held or extended their move within 5 days — this setup typically holds direction. The average absolute 1-day move is 8.5%, with a raw directional average of +3.6% (modestly positive historical bias).

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If CleanSpark beats expectations, history suggests a potential stock increase of around 4.93%, confirming a positive outlook.

In-Line / Cautious

If results are in line with expectations, the stock may see a muted reaction as investors await further guidance.

Miss

A miss could lead to a decline in stock price, with historical averages suggesting a drop of around 4.16%.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on operational efficiency improvements.
2Details on customer acquisition and retention strategies.
3Insights into market demand for CleanSpark's software solutions.
4Management's outlook on future revenue growth.
5Responses to analyst questions regarding cost management.

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Company Snapshot

CleanSpark, Inc. is a technology company focused on providing software solutions, particularly in the energy sector....

Key Metrics to Watch

EPS

Earnings per share is crucial as it indicates the company's profitability and financial health.

-0.41

Revenue

Revenue figures are essential for understanding the company's sales performance and market demand.

134M

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

CLSK Q3-2026 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 Q2 2026, CleanSpark reported a significant earnings miss with an EPS of -$1.52, far below expectations. The stock reacted positively the next day, increasing by 0.70%.

Management Promises & Guidance

Focus on improving operational efficiency.
Commitment to expanding market share in the software sector.
Plans to enhance customer engagement and satisfaction.

Expectations

Wall Street Expectations

Analysts are expecting a challenging quarter with a consensus EPS of -$0.41 and revenue of $134 million. The market is watching closely for any signs of recovery or continued struggles.

Bull Case

If CleanSpark can exceed revenue expectations and show signs of narrowing losses, it could signal a turnaround, boosting investor confidence.

Bear Case

Continued losses and lower-than-expected revenue could lead to further declines in stock price, as investors may lose faith in the company's recovery prospects.

Key Metrics to Watch

EPS

-0.41

Earnings per share is crucial as it indicates the company's profitability and financial health.

Revenue

134M

Revenue figures are essential for understanding the company's sales performance and market demand.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will CleanSpark's revenue meet or exceed the consensus estimate of $134 million?

Revenue performance will be a key indicator of the company's market demand and operational effectiveness.

Can the company narrow its EPS loss from -$1.52 last quarter to -$0.41 this quarter?

A smaller loss would suggest improvements in cost management and operational efficiency, which are critical for investor confidence.

Edge

What the Street Is Missing

Why consensus could be wrong

The consensus may underestimate CleanSpark's potential for revenue recovery given recent operational improvements and market conditions.

Supporting Evidence

Options are pricing a 23.91% move, indicating the market expects significant volatility.

The company's historical performance suggests a tendency to recover from earnings misses.

Recent operational changes may not yet be reflected in analyst expectations.

Key Risk

If revenue exceeds $134 million, it could challenge the current bearish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating whether CleanSpark can recover from its recent earnings misses and improve its financial performance.

Bull Confirmed If

Revenue growth exceeding $134 million and an EPS loss of less than -$0.41 would confirm the bull case.

Bear Confirmed If

An EPS loss greater than -$0.41 and revenue below $106 million would confirm the bear case.

Pre-Earnings Positioning

Options Market

Implied Move

±23.91%

Historical Avg

±6.4%

Pricing rich

The options market is pricing in a significant potential move, indicating heightened uncertainty around the earnings report.

Options are pricing ±23.9% while CLSK has averaged ±6.4% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

1.0%

30d HV

71.6%

Calls (3.2M)P/C Ratio: 0.48Puts (689K)

Edge

Historical Setup Match

Cross-company pattern from 28 similar setups.

Prior-quarter miss + options pricing rich in Information Technology

n=28

Fade rate: 8 of 28 (29%)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If CleanSpark beats expectations, history suggests a potential stock increase of around 4.93%, confirming a positive outlook.

In-Line / Cautious

If results are in line with expectations, the stock may see a muted reaction as investors await further guidance.

Miss

A miss could lead to a decline in stock price, with historical averages suggesting a drop of around 4.16%.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on operational efficiency improvements.
2Details on customer acquisition and retention strategies.
3Insights into market demand for CleanSpark's software solutions.
4Management's outlook on future revenue growth.
5Responses to analyst questions regarding cost management.