Equity Profile

CLSK

CleanSpark, Inc.

Information TechnologyApplication Software$4.0B

Aug6Thu

Pre-Earnings Brief

UpcomingQ3-2026After Close5:00 PM EDT

Company Snapshot

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

Key Metrics to Watch

Revenue Growth

This metric will indicate how well CleanSpark is expanding its market presence and customer base.

N/A

Earnings Per Share (EPS)

EPS is a critical measure of profitability, and investors will be keen to see if the company can improve on its previous losses.

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 application software solutions, particularly in the energy sector. As a player in the growing field of sustainable energy, it aims to provide innovative solutions that can help businesses and consumers reduce their carbon footprint.

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 EPS loss of $-1.52, which was much worse than analysts' expectations. The stock reacted positively the following day, gaining 0.70%.

Management Promises & Guidance

Focus on improving operational efficiency.
Commitment to expanding customer base.
Plans to enhance product offerings.

Expectations

Wall Street Expectations

Overall, expectations are mixed as CleanSpark has struggled with profitability in recent quarters. Investors are looking for signs of recovery and growth.

Bull Case

If CleanSpark can show improved revenue growth and a reduction in losses, it could signal a turnaround that excites investors.

Bear Case

Continued losses and stagnant revenue growth 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 will the EPS be for Q3-2026, and how does it compare to previous quarters?

The EPS figure will be crucial in assessing whether the company is moving towards profitability or continuing its trend of losses.

What is the revenue growth rate for this quarter?

Revenue growth is essential for understanding the company's market traction and overall health, especially in a competitive industry.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street is overly pessimistic about CleanSpark's ability to reduce losses this quarter, underestimating its potential for operational improvements.

Supporting Evidence

The company has previously shown strong recovery patterns after poor quarters.

Options are pricing a larger move than historical averages suggest, indicating potential for a surprise.

Management's commitment to operational efficiency could yield better-than-expected results.

Key Risk

If EPS comes in below $-1.50, it could confirm the bearish outlook.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance is critical for determining CleanSpark's ability to recover from previous losses and grow its business.

Bull Confirmed If

A reduction in EPS losses to below $-1.00 would indicate significant improvement.

Bear Confirmed If

If EPS remains above $-1.50, it would confirm ongoing struggles.

Pre-Earnings Positioning

Options Market

Implied Move

±23.91%

Historical Avg

±6.4%

Pricing rich

The options market is pricing in a significant potential movement in the stock, 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)

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 the stock could rise by around 4.93%, confirming a positive turnaround narrative.

In-Line / Cautious

A cautious but in-line report may lead to a muted reaction, as investors weigh the company's future prospects carefully.

Miss

If the company misses expectations again, history suggests a potential decline of about 4.16%, which would further shake investor confidence.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on customer acquisition strategies.
2Details on cost-cutting measures and their expected impact on profitability.
3Insights into market conditions affecting revenue.
4Management's outlook on future growth opportunities.
5Any commentary on competitive pressures in the application software space.

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Company Snapshot

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

Key Metrics to Watch

Revenue Growth

This metric will indicate how well CleanSpark is expanding its market presence and customer base.

N/A

Earnings Per Share (EPS)

EPS is a critical measure of profitability, and investors will be keen to see if the company can improve on its previous losses.

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 a significant EPS loss of $-1.52, which was much worse than analysts' expectations. The stock reacted positively the following day, gaining 0.70%.

Management Promises & Guidance

Focus on improving operational efficiency.
Commitment to expanding customer base.
Plans to enhance product offerings.

Expectations

Wall Street Expectations

Overall, expectations are mixed as CleanSpark has struggled with profitability in recent quarters. Investors are looking for signs of recovery and growth.

Bull Case

If CleanSpark can show improved revenue growth and a reduction in losses, it could signal a turnaround that excites investors.

Bear Case

Continued losses and stagnant revenue growth 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 will the EPS be for Q3-2026, and how does it compare to previous quarters?

The EPS figure will be crucial in assessing whether the company is moving towards profitability or continuing its trend of losses.

What is the revenue growth rate for this quarter?

Revenue growth is essential for understanding the company's market traction and overall health, especially in a competitive industry.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street is overly pessimistic about CleanSpark's ability to reduce losses this quarter, underestimating its potential for operational improvements.

Supporting Evidence

The company has previously shown strong recovery patterns after poor quarters.

Options are pricing a larger move than historical averages suggest, indicating potential for a surprise.

Management's commitment to operational efficiency could yield better-than-expected results.

Key Risk

If EPS comes in below $-1.50, it could confirm the bearish outlook.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance is critical for determining CleanSpark's ability to recover from previous losses and grow its business.

Bull Confirmed If

A reduction in EPS losses to below $-1.00 would indicate significant improvement.

Bear Confirmed If

If EPS remains above $-1.50, it would confirm ongoing struggles.

Pre-Earnings Positioning

Options Market

Implied Move

±23.91%

Historical Avg

±6.4%

Pricing rich

The options market is pricing in a significant potential movement in the stock, 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)

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 the stock could rise by around 4.93%, confirming a positive turnaround narrative.

In-Line / Cautious

A cautious but in-line report may lead to a muted reaction, as investors weigh the company's future prospects carefully.

Miss

If the company misses expectations again, history suggests a potential decline of about 4.16%, which would further shake investor confidence.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on customer acquisition strategies.
2Details on cost-cutting measures and their expected impact on profitability.
3Insights into market conditions affecting revenue.
4Management's outlook on future growth opportunities.
5Any commentary on competitive pressures in the application software space.