CleanSpark

CLSK

Asset Management - Cryptocurrency · Financial Services

Price

$11.98

-0.62 (-4.92%)

Market Cap

$3.07B

Exchange

NASDAQ

Winston Score

Winston is worried

Weak fundamentals across most pillars.

Data as of Aug 23, 2026 · filings through Jun 30, 2026

How the score breaks down

Quality

Weak

Growth

Mixed

Cash Flow

Weak

Stability

Good

Valuation

Data not available

Track this stock — start free trial

Share count rising — dilution

+979.3% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 29.4M (2021) → 317.8M (2025)

Winston Score History

The full picture

CleanSpark is a Bitcoin mining company. It uses large warehouses full of specialized computers to solve complex math problems, which earns the company newly created Bitcoin as a reward. It operates entirely in the United States, with mining facilities spread across states like Georgia, Wyoming, and Mississippi.

CleanSpark makes money by accumulating Bitcoin through mining and then selling it on the open market. The company has grown quickly by acquiring and building out data centers, making it one of the larger publicly traded Bitcoin miners in the US. Its financial performance is closely tied to the price of Bitcoin and the cost of electricity — when Bitcoin prices fall or energy costs rise, profits shrink fast. The main risk the business faces is that Bitcoin mining gets harder over time as more miners compete, and the periodic "halving" events cut the Bitcoin reward in half, squeezing margins unless Bitcoin's price rises enough to compensate.

Politician Trades

1 trades / 12mo

0 Congressional buys and 1 sell on CLSK in the last 12 months.

Unlock the full Smart Money Map — every trade plotted on the price chart with politicians, amounts and returns since each trade. Founder's Deal is $57/mo locked for life.

Unlock politician trades

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-30.5% YoY

YoY Growth Rate

Revenue declining

EPS Growth

-100.0% YoY

YoY Growth Rate

Earnings declining

R&D Spend

$0/ year

0.0% of revenue

Below sector average (7%)

Research and development spending

Insider Activity

4.0%ownership

→ Flat

Insider ownership roughly steady over the past year

Cash Runway

~1 months

$203M cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Short runway — potential dilution ahead through share issuance

Cash watch

CleanSpark has less than a year of cash at its current burn rate. Growth investors should watch for potential share dilution from future fundraising — that directly reduces your ownership.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale

Gross Margin

38.1%

Modest — 38.1% gross margin

Profit after running costs

Operating Margin

-168.4%

Losing money on operations — -168.4%

Return on the money invested

ROCE

-86.4%

Weak — -86.4% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Growth

Sales growth

Sales YoY

+7.5%

Steady sales growth (+7.5% YoY)

Profit growth

EPS YoY

-382.6%

Earnings shrinking (-382.6% YoY)

Earnings per share down more than 10%. Either a bad year, or a real decline.

How steady the profit is

EPS Consistency

3/8 quarters

Earnings rarely grow — volatile business

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Cash Flow

Profit that turns into cash

Cash Conversion

N/A

Data not available

Spare cash per sale

FCF Margin

-212.3%

Burning cash (-212.3%)

Free cash flow is negative. They are burning cash, not generating it.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Stability

What it owes vs what it owns

Debt / Equity

0.00

Conservative — low debt load (0.00)

Covers its interest

Interest Cover

N/A

Data not available

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Valuation

Price vs profit

P/E Ratio (TTM)

N/M

Negative earnings — P/E not meaningful

Cheaper or dearer next year

P/E vs Forward

N/A

not available

Data not available

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Dividends

Not applicable for this business.

🔒 See full fundamentals and if they are improving or declining — click here for your free trial now.

Start free trial