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 in the application software industry....

Key Metrics to Watch

EPS

Earnings per share is a critical measure of profitability and will indicate how well the company is managing its costs.

$-0.41

Revenue

Revenue growth is essential for assessing the company's ability to expand and capture market share.

$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 in the application software industry. With a market cap of $3 billion, it plays a role in the growing sectors of clean energy and digital infrastructure, which are increasingly important in today's economy.

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 an EPS of $-1.52, significantly missing expectations. The stock reacted positively, gaining 0.70% the following day despite the disappointing results.

Management Promises & Guidance

Focus on improving operational efficiency.
Commitment to enhancing software offerings.
Plans to explore new market opportunities.

Expectations

Wall Street Expectations

Analysts are expecting a challenging quarter for CleanSpark, with a consensus EPS of $-0.41 and revenue of $134 million. The company has struggled with profitability in recent quarters, leading to cautious sentiment.

Bull Case

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

Bear Case

Continued losses and revenue below expectations could further erode investor confidence, resulting in a negative stock performance.

Key Metrics to Watch

EPS

$-0.41

Earnings per share is a critical measure of profitability and will indicate how well the company is managing its costs.

Revenue

$134M

Revenue growth is essential for assessing the company's ability to expand and capture market share.

Expectations

Two Questions That Matter

The print will turn on these two things.

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

Revenue growth is crucial for demonstrating the company's ability to expand and recover from recent losses.

Can the company reduce its EPS loss to meet or exceed the consensus of $-0.41?

A smaller loss could indicate improved operational efficiency and may boost investor confidence.

Edge

What the Street Is Missing

Why consensus could be wrong

The consensus may underestimate CleanSpark's potential for revenue growth, as recent investments in software development could yield better-than-expected results.

Supporting Evidence

The company's focus on operational efficiency may lead to cost reductions not reflected in current estimates.

Options pricing indicates a significant expected move, suggesting traders anticipate a surprise.

Key Risk

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

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is watching for signs of recovery in both revenue and profitability after a series of disappointing quarters.

Bull Confirmed If

Revenue growth exceeding $134 million with a reduced EPS loss of less than $-0.41.

Bear Confirmed If

Revenue falling below $106 million or an EPS loss greater than $-0.45.

Pre-Earnings Positioning

Options Market

Implied Move

±23.9%

Historical Avg

±6.4%

Pricing rich

The options market is pricing in a significant potential move, indicating that traders expect volatility 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)

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 remain stable, reflecting ongoing investor caution.

Miss

A miss could lead to a decline in stock value, with historical patterns suggesting an average drop of 4.16%.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on operational efficiency improvements.
2Details on new software offerings and market opportunities.
3Any commentary on customer acquisition and retention rates.
4Insights into cost management strategies.
5Management's outlook on future revenue growth.

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Company Snapshot

CleanSpark, Inc. is a technology company focused on providing software solutions in the application software industry....

Key Metrics to Watch

EPS

Earnings per share is a critical measure of profitability and will indicate how well the company is managing its costs.

$-0.41

Revenue

Revenue growth is essential for assessing the company's ability to expand and capture market share.

$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 an EPS of $-1.52, significantly missing expectations. The stock reacted positively, gaining 0.70% the following day despite the disappointing results.

Management Promises & Guidance

Focus on improving operational efficiency.
Commitment to enhancing software offerings.
Plans to explore new market opportunities.

Expectations

Wall Street Expectations

Bull Case

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

Bear Case

Continued losses and revenue below expectations could further erode investor confidence, resulting in a negative stock performance.

Key Metrics to Watch

EPS

$-0.41

Earnings per share is a critical measure of profitability and will indicate how well the company is managing its costs.

Revenue

$134M

Revenue growth is essential for assessing the company's ability to expand and capture market share.

Expectations

Two Questions That Matter

The print will turn on these two things.

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

Revenue growth is crucial for demonstrating the company's ability to expand and recover from recent losses.

Can the company reduce its EPS loss to meet or exceed the consensus of $-0.41?

A smaller loss could indicate improved operational efficiency and may boost investor confidence.

Edge

What the Street Is Missing

Why consensus could be wrong

The consensus may underestimate CleanSpark's potential for revenue growth, as recent investments in software development could yield better-than-expected results.

Supporting Evidence

The company's focus on operational efficiency may lead to cost reductions not reflected in current estimates.

Options pricing indicates a significant expected move, suggesting traders anticipate a surprise.

Key Risk

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

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is watching for signs of recovery in both revenue and profitability after a series of disappointing quarters.

Bull Confirmed If

Revenue growth exceeding $134 million with a reduced EPS loss of less than $-0.41.

Bear Confirmed If

Revenue falling below $106 million or an EPS loss greater than $-0.45.

Pre-Earnings Positioning

Options Market

Implied Move

±23.9%

Historical Avg

±6.4%

Pricing rich

The options market is pricing in a significant potential move, indicating that traders expect volatility 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)

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 remain stable, reflecting ongoing investor caution.

Miss

A miss could lead to a decline in stock value, with historical patterns suggesting an average drop of 4.16%.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on operational efficiency improvements.
2Details on new software offerings and market opportunities.
3Any commentary on customer acquisition and retention rates.
4Insights into cost management strategies.
5Management's outlook on future revenue growth.