CleanSpark, Inc. (CLSK): one to watch?

Speculative pivot story — big AI data-center deal is real but unproven, while the core bitcoin mining business is shrinking and losing money.

👀 WATCH Fundamentals34/100

Down 80% from its all-time high of $59.00 — now $11.73

Why CLSK dropped

CleanSpark just missed Q3 earnings and revenue estimates (loss of $0.89/share vs. $0.33 expected, revenue $138M vs $142M expected), with revenue down 30.5% year-over-year as bitcoin mining economics weakened, but the stock is being supported by a newly announced $6.6B, 20-year AI data-center lease deal that diversifies the company away from pure bitcoin mining.

Fwd P/E -8.3Op margin -165.2%Rev growth -30.5%Debt/equity 234.7%Analyst upside 103.0%

How this scored 34/100 ❌ fails 1 hard check

❌ Fails 1 hard check — these are pass/fail and override the score entirely.

❌ Makes money not profitable (and no credible path to profit)

✅ Generates cash Free cash flow $49M

✅ Not drowning in debt Debt/equity 234.7% — exempt (banks run on leverage by design)

✅ Can pay its bills Exempt (financials)

Bar length shows how much each metric is worth — a 10-point metric is twice as wide as a 5-point one. Hover any row for what it means.

Profitability Does it actually make money? 0/25

Operating margin -165.2% 0/9

Net profit margin -146.9% 0/8

Return on equity -68.6% 0/8

Growth Is it getting bigger, or dying? 10/25

Revenue growth -30.5% 0/9

Earnings growth unknown 2/8

Expected profit change 60.4% 8/8

Value Is it cheap right now? 9/25

Forward P/E -8.3 0/10

PEG ratio unknown 2/8

Analyst target upside 103.0% 7/7

Balance sheet Will it survive? 15/25

Debt / equity 234.7% 0/10

Current ratio 5.9 8/8

Free cash flow $49M 7/7

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Analysis generated by SmartStonks's AI from public fundamentals and news, first flagged 2026-08-19. Research only — not financial advice.