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CLSK

CleansparkD
Nasdaq / Software & Services
Last Price
Quote time unavailable
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Current thesis
The bullish read is that the Q2 miss was driven heavily by bitcoin-price marks rather than a collapse in operating capacity: management said revenue pressure was tied to a lower average bitcoin price, gross margin stayed above 40%, liquidity remained strong, and the company continued to market a 1.8 GW contracted power portfolio with active tenant discussions. A checked post-print note also indicated KBW maintained an Outperform rating and $14 target on May 12, 2026, which suggests at least some specialist coverage still views the earnings damage as manageable rather than thesis-breaking.
Posture
Defensive
Lead driver
Sentiment
What changed
1 setup hits (3d) with net bullish as of 2026-09-09.
What can break
AI/HPC commercialization still lacks a disclosed signed tenant, lease structure, or monetization start date, so the highest-upside part of the story remains execution-dependent rather than proven.
Momentum
14
Value
45
Sentiment
56
Setup hits (3d)
1 · Net Bullish
AI TargetsBase $12.00 · Bull $17.50 · Bear $8.50Analysis 2026-05-14; returns require an exact persisted reference.
Data freshness
Prices
Unavailable: Price unavailable
Fundamentals
As of 2026-08-17 • Vendor: Data Vendor v1
Scores
As of 2026-09-09 • Model: HYBRID_IC_RP
AI Memo
As of 2026-05-14 • Model: RankAlpha Sentiment Codex
Investment thesis
As of 2026-09-09

Grade is the composite factor band; factor scores use a 0–100 scale. Confidence describes evidence quality, not a probability of return. Score date: 2026-09-09. Definitions

Supporting evidence
What
Grade D · Defensive
Confidence Medium · Net Bullish
Target $23.68
Why
Momentum14 · Δ7d +7.9
Value45 · Δ7d +0.0
Sentiment56 · Δ7d -18.8
So what
Weak posture (Net Bullish). Prioritize risk control and patience.

Confirming evidence

  • • 1 setup hits (3d) with net bullish as of 2026-09-09.
  • • Sentiment remains the lead driver in the composite, 7D delta -18.8.

Contradictions & invalidation

  • • AI/HPC commercialization still lacks a disclosed signed tenant, lease structure, or monetization start date, so the highest-upside part of the story remains execution-dependent rather than proven.
  • • Balance-sheet flexibility is better than many peers, but $1.8 billion of long-term debt still leaves the equity exposed to financing optics and risk appetite if crypto or capital markets weaken [#10-Q-2026-05-11].
  • • The bearish read is that the quarter still reset confidence: revenue fell 24.9% year over year to $136.4 million, net loss widened to $378.3 million, adjusted EBITDA deteriorated sharply, and checked consensus data showed both revenue and EPS misses.

Catalyst clock

2026-05-20

Post-Q2 earnings digestion still hinges on whether the miss is treated as mostly mark-to-market noise or a weaker operating reset

Lead driver: Sentiment · See AI snapshot
Momentum
14
9% active weight
Current posture
7d trendImproving
Δ7d
+7.9
Δ21d
+5.6
Value
45
28% active weight
Current posture
7d trendFlat
Δ7d
+0.0
Δ21d
-4.6
Sentiment
56
62% active weight
Current posture
7d trendSoftening
Δ7d
-18.8
Δ21d
-15.7
Why this grade

Composite grade D. Momentum 14.2 / Value 45.2 / Sentiment 56.3

Scenario snapshot

Scenario probability is memo-authored likelihood, not forecast certainty. Targets belong to the analysis dated 2026-05-14. Scenario method

B+
Bull case
25%
Probability
Target price
$17.50
Analysis reference price unavailable
Analysis 2026-05-14 · RankAlpha Sentiment Codex
Most likely
B
Base case
50%
Probability
Target price
$12.00
Analysis reference price unavailable
Analysis 2026-05-14 · RankAlpha Sentiment Codex
B-
Bear case
25%
Probability
Target price
$8.50
Analysis reference price unavailable
Analysis 2026-05-14 · RankAlpha Sentiment Codex
Fundamentals (TTM)
As of 2026-08-17
Market Cap
$3.18B
Beta
3.47
Shares Out
256.82M
P/E (TTM)
11.1
P/S (TTM)
4.10
P/FCF (TTM) · Derived
-5.20
Rev YoY
-30.5%
EPS YoY
-215.5%
Gross Margin
-36.9%
Op Margin
-51.8%
Net Debt
-$192.13M
Current Ratio
5.91
As of 2026-09-09 • Updated nightlySource: Internal modelMethods & Data