Equity Profile

CLSK

CleanSpark, Inc.

Information TechnologyApplication Software$3.2B

Aug6Thu

Pre-Earnings Brief

UpcomingQ3-2026After Close5:00 PM EDT

Company Snapshot

CleanSpark, Inc. is a technology company focused on providing software solutions for the cryptocurrency mining industry....

Key Metrics to Watch

EPS (Earnings Per Share)

EPS is a key indicator of profitability, and investors will be looking for signs of improvement after recent losses.

N/A

Revenue Growth

Revenue growth will indicate how well the company is expanding its market share and managing operational costs.

N/A

1 more metrics, 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 for the cryptocurrency mining industry. With a market cap of $3 billion, it plays a significant role in the growing intersection of technology and renewable energy, as it aims to optimize mining operations using sustainable practices.

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 the following day, gaining 0.70%, despite the disappointing results.

Management Promises & Guidance

Focus on improving mining efficiency and reducing operational costs.
Commitment to sustainable energy practices in mining operations.
Plans to explore new software solutions to enhance profitability.

Expectations

Wall Street Expectations

Overall, expectations are mixed as CleanSpark has struggled with profitability but has potential for recovery through improved mining practices. Investors are cautious given the company's recent earnings history.

Bull Case

If CleanSpark can demonstrate significant improvements in EPS and revenue growth, it could signal a turnaround, attracting more investor interest.

Bear Case

Continued losses and failure to improve mining efficiency could lead to further declines in stock price, as investor confidence wanes.

Expectations

Two Questions That Matter

The print will turn on these two things.

What is the expected EPS for this quarter, and how does it compare to previous quarters?

Given the company's recent history of significant EPS misses, any improvement could indicate a positive trend.

How has mining efficiency changed in the last quarter?

Improved mining efficiency is crucial for profitability, especially in a volatile market.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating CleanSpark's potential for operational improvements and cost reductions, which could lead to a faster recovery than anticipated.

Supporting Evidence

The options market is pricing a significant move, indicating that investors are uncertain about the company's direction.

Despite recent losses, CleanSpark's focus on sustainability could attract long-term investors looking for green technology opportunities.

Key Risk

If the company shows a marked improvement in mining efficiency, it could challenge the current negative sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance is critical as it will reveal whether CleanSpark can recover from its recent losses and improve operational efficiency.

Bull Confirmed If

An EPS improvement to -$0.50 or better would confirm the bull case.

Bear Confirmed If

An EPS worse than -$1.50 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 uncertainty about the upcoming 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 average stock move of +4.93%, confirming a positive outlook.

In-Line / Cautious

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

Miss

A miss could lead to a decline of around -4.16%, reflecting ongoing concerns about profitability.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on mining efficiency improvements and their impact on costs.
2Details on revenue growth and any new software solutions being implemented.
3Management's outlook on the cryptocurrency market and its effects on operations.
4Insights into operational cost management and sustainability initiatives.
5Any guidance on future earnings expectations or strategic shifts.

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Company Snapshot

CleanSpark, Inc. is a technology company focused on providing software solutions for the cryptocurrency mining industry....

Key Metrics to Watch

EPS (Earnings Per Share)

EPS is a key indicator of profitability, and investors will be looking for signs of improvement after recent losses.

N/A

Revenue Growth

Revenue growth will indicate how well the company is expanding its market share and managing operational costs.

N/A

1 more metrics, 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 the following day, gaining 0.70%, despite the disappointing results.

Management Promises & Guidance

Focus on improving mining efficiency and reducing operational costs.
Commitment to sustainable energy practices in mining operations.
Plans to explore new software solutions to enhance profitability.

Expectations

Wall Street Expectations

Bull Case

If CleanSpark can demonstrate significant improvements in EPS and revenue growth, it could signal a turnaround, attracting more investor interest.

Bear Case

Continued losses and failure to improve mining efficiency could lead to further declines in stock price, as investor confidence wanes.

Expectations

Two Questions That Matter

The print will turn on these two things.

What is the expected EPS for this quarter, and how does it compare to previous quarters?

Given the company's recent history of significant EPS misses, any improvement could indicate a positive trend.

How has mining efficiency changed in the last quarter?

Improved mining efficiency is crucial for profitability, especially in a volatile market.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating CleanSpark's potential for operational improvements and cost reductions, which could lead to a faster recovery than anticipated.

Supporting Evidence

The options market is pricing a significant move, indicating that investors are uncertain about the company's direction.

Despite recent losses, CleanSpark's focus on sustainability could attract long-term investors looking for green technology opportunities.

Key Risk

If the company shows a marked improvement in mining efficiency, it could challenge the current negative sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance is critical as it will reveal whether CleanSpark can recover from its recent losses and improve operational efficiency.

Bull Confirmed If

An EPS improvement to -$0.50 or better would confirm the bull case.

Bear Confirmed If

An EPS worse than -$1.50 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 uncertainty about the upcoming 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 average stock move of +4.93%, confirming a positive outlook.

In-Line / Cautious

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

Miss

A miss could lead to a decline of around -4.16%, reflecting ongoing concerns about profitability.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on mining efficiency improvements and their impact on costs.
2Details on revenue growth and any new software solutions being implemented.
3Management's outlook on the cryptocurrency market and its effects on operations.
4Insights into operational cost management and sustainability initiatives.
5Any guidance on future earnings expectations or strategic shifts.