Post-earnings recap
Reported
Thu, Aug 6, 2026
EPS actual
$-0.89
EPS est.
$-0.29
EPS surprise
-201.69%
1-day move
-5.56%
CleanSpark's earnings report shows a mixed performance, with a significant miss on EPS but a slight revenue beat. The stock reacted negatively, likely due to the larger-than-expected loss. However, the secured lease and liquidity position may provide a foundation for future growth.
| Metric | Actual | Expected | Surprise |
|---|---|---|---|
| EPS | $-0.89 | $-0.41 | -201.69% |
| Revenue | $138 million | $134 million | +3.0% |
| GAAP Net Loss | $240 million | N/A | N/A |
| Average Revenue per Bitcoin | $72,000 | N/A | N/A |
| Liquidity | $917 million | N/A | N/A |
Management highlighted a sequential revenue increase and secured a long-term lease that could enhance future revenue. They acknowledged the ongoing challenges reflected in the net loss.
The company secured a 20-year triple net lease at Sandersville, representing significant contracted revenue.
CleanSpark, Inc. is a technology company focused on application software, primarily in the clean energy and cryptocurrency sectors. With a market cap of $3 billion, it plays a significant role in promoting sustainable energy solutions and efficient mining operations.
Last quarter
In Q2 2026, CleanSpark reported an EPS of $-1.52, significantly missing estimates, which raised concerns about its financial health. The stock reacted positively the following day, gaining 0.70%.
Management promises and guidance
EPS beat streak
0Q
EPS beat rate
25%
Avg EPS surprise
-590.49%
Avg 1-day reaction
-2.84%
Analysts expect CleanSpark to report a loss again this quarter, with a consensus EPS of $-0.41 and revenue of $134 million. The company has a mixed earnings history, which adds uncertainty to investor expectations.
Bull case
If CleanSpark manages to exceed revenue expectations, it could signal a turnaround in its business operations, boosting investor confidence and stock performance.
Bear case
A continued trend of missing earnings estimates could lead to further declines in stock price, as investors may lose faith in the company's ability to recover.
Key metrics to watch
EPS
$-0.41Earnings per share is a critical measure of profitability and will indicate how well the company is managing its costs.
Revenue
$134MRevenue figures will provide insight into the company's sales performance and demand for its products and services.
The print will turn on these.
Q1
Will CleanSpark achieve revenue of at least $134 million this quarter?
This figure is crucial as it reflects the company's ability to generate sales and could influence investor sentiment significantly.
Q2
Can the company narrow its EPS loss to $-0.41 or better?
A smaller loss would indicate progress in cost management and operational efficiency, which is vital for restoring investor confidence.
—
Est. EPS
$1.48
Est. Rev
$3.3B
Impl. Move
±16.9%
Why consensus could be wrong
The consensus may underestimate CleanSpark's ability to leverage new product offerings and operational efficiencies, which could lead to better-than-expected revenue.
Supporting evidence
The company has historically shown resilience after earnings misses, often bouncing back in subsequent quarters.
Options pricing indicates a significant move, suggesting that the market is bracing for surprises, either positive or negative.
Management's commitment to improving operational efficiencies could lead to better cost management than analysts anticipate.
Key risk
If revenue exceeds $134 million, it could challenge the current bearish sentiment and shift market expectations.
Pre-commit to what would confirm each case.
This quarter's performance is critical as it follows a series of disappointing results, and the market is closely watching for signs of recovery.
Bull confirmed if
Achieving revenue growth above $134 million with an EPS loss of $-0.41 or better 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.
What the market is pricing for the move.
Implied Move
±23.91%
Historical Avg
±5.5%
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 ±5.5% over the last 8 prints — setup is pricing rich.
ATM IV
1.0%
30d HV
71.6%
Open-market trades by officers, directors, and 10%+ holders over the trailing 90 days.
Bought
$0.00
0 sh
0 insiders
Sold
$41,121.55
3,335 sh
1 insider
Net
$41,121.55
Net selling
Most Active Insiders· 1 open-market trade
$41,121.55
Net selling
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 turnaround.
In line / cautious
If results are in line with expectations, the stock may see a muted reaction as investors await further guidance from management.
Miss
A miss could lead to a decline in stock price, with history suggesting an average drop of -4.16% following such outcomes.
The lines on the call that would change the story.
Recent Transactions
Oct 1, 2026 · @ $12.33
3,335 sh
$41,121.55
Open-market trades only (Form 4 codes P/S). Awards, exercises, and tax-withholding excluded as routine compensation noise.