QuarterHawk — Equity ResearchQuarterHawk — Equity Research

CleanSpark, Inc. (CLSKW)

Financial Services

No action
Fundamental
3
Sentiment
4
Technical
2

Do Nothing: avgDollarVolume20 ~$21K is far below the $5M liquidity floor (recent 3-session regular dollar volume ~$6.5K, below the $1.5M recent-liquidity floor), confirmed earnings on 2026-08-06 (amc) sit inside both the ±3-trading-day blackout and the 15-trading-day holding window, and the chart is in a downtrend (technicalScore 2).

Analysis as of 2026-08-27· more than 2 trading days ago

Company overview

CleanSpark, Inc. operates as a bitcoin miner in the Americas. It owns and operates data centers that primarily run on low-carbon power. Its infrastructure supports Bitcoin, a digital commodity and a tool for financial independence and inclusion. The company was formerly known as Stratean Inc. and changed its name to CleanSpark, Inc. in November 2016. CleanSpark, Inc. was incorporated in 1987 and is headquartered in Henderson, Nevada.

Fundamental

fair
Fundamental3
Mixed fundamentals

CleanSpark shows strong headline profitability but faces high volatility and dependency on Bitcoin prices, with negative cash flow and DCF outputs.

Explosive revenue/profit rebound and apparently cheap earnings/EBITDA multiples, but high BTC/regulatory dependency, very high volatility, and negative cash generation/DCF keep risk high.

Sentiment

good
Sentiment4
Supportive sentiment

Sentiment is positive with a recent price-target increase, but confidence is tempered by tool gaps and routine PR flow.

CleanSpark heads into its scheduled Q3 FY2026 results/webcast on 2026-08-06 (announced) with incremental support from a fresh B. Riley price-target lift to $26 (2026-08-03). News sentiment delta is indeterminate due to news_analyze_sentiment scoring-window timeouts and a 0-item baseline sample; Red-Flag Screen clean.

Technical

weak
Technical2
Downtrend persists

The stock is in a persistent downtrend below key moving averages with low trading volume, indicating no bullish setup.

CLSKW is in a persistent short-term downtrend. The tape (last daily close 0.297, live quote 0.265) trades below every key average — SMA20 0.31, SMA50 0.33, SMA200 0.37, EMA9/EMA21 0.31 — and below daily VWAP 0.302. RSI14 45.74 is falling, Williams %R is -75.45, and MACD has crossed fractionally below its signal near zero, while ADX14 29.05 is rising: a strengthening DOWN trend, not a bullish setup. Volume has collapsed to roughly 9-16K shares/day, and 30-minute regular-session bars carry 1-90 trades. Chart quality is weak/bounce-only at best (score 2), and liquidity and event gates block any entry regardless of chart reading.

You’re looking at 2026-08-27 — more than 2 trading days ago.

Subscribers saw this then, and see today’s score, verdict and trade plan now.

Not financial advice. For informational and educational purposes only.