CleanSpark Inc ($CLSK) Stock Forecast: Down 11.8% Today

What is CleanSpark Inc?

CleanSpark Inc. (NASDAQ: CLSK) is a Bitcoin mining company that focuses on renewable energy and operates large-scale data centers for mining operations. The stock had a strong bearish movement today amidst market turmoil and uncertainty.

Why is CleanSpark Inc going down?

CLSK stock is down 11.8% on Feb 5, 2026 19:17

• CleanSpark's stock price dropped over 10.96% as Bitcoin plunged below $68,000, impacting the company's earnings and investor sentiment.
• Despite strong revenues and operational efficiency, concerns about negative pretax profit margins and liabilities have contributed to the downward trend in the stock price.
• The company's recent expansion in Texas with a large-scale data center and increased Bitcoin production were overshadowed by broader market conditions and investor caution.
• CleanSpark's ability to align its renewable energy focus with market demands and establish strategic partnerships will be crucial in regaining investor confidence and stabilizing its financial performance.

CLSK Price Chart

CLSK Technical Analysis

CLSK News

CleanSpark Drops Ahead Of Earnings As Bitcoin Plunges Below $68,000 - Cleanspark ( NASDAQ:CLSK )

CleanSpark Inc ( NASDAQ:CLSK ) shares tumbled on Thursday, as investors brace for the Bitcoin ( CRYPTO: BTC ) miner's first-quarter fiscal 2026 earnings report scheduled for release after the market close today.

https://www.benzinga.com/markets/equities/26/02/50425302/cleanspark-drops-ahead-of-earnings-as-bitcoin-plunges-below-68000

CleanSpark Stock Faces Downward Trend Amidst Market Turmoil

CleanSpark Inc. (NASDAQ: CLSK) stock is experiencing a significant downward trend, dropping over 10.96% amid rising market uncertainty and investor caution. Despite strong revenues and operational efficiency, negative pretax profit margins and substantial liabilities raise concerns about financial stability. The company's future hinges on its ability to align its renewable energy focus with market demands and implement strategic partnerships to regain investor confidence.

https://stockstotrade.com/news/cleanspark-inc-clsk-news-2026_02_04/

Cleanspark (NASDAQ:CLSK) Trading Down 8.8% - Should You Sell?

Cleanspark (NASDAQ:CLSK) shares dropped 8.8% on Wednesday, closing at $10.3570, significantly below its 50- and 200-day moving averages. Despite a "Moderate Buy" consensus rating from analysts with an average price target of $22.98, some firms have recently cut their targets, and company insiders have sold shares. Conversely, hedge funds and institutional investors have been increasing their positions, now holding over 43% of the company.

https://www.marketbeat.com/instant-alerts/cleanspark-nasdaqclsk-trading-down-88-should-you-sell-2026-02-04/

CleanSpark reports Q1 Bitcoin production 573

CleanSpark (CLSK) has announced its unaudited Bitcoin mining and operations update for the month ended January 31, including a significant acquisition of land in Brazoria County, Texas, to develop a large-scale data center. The company’s total Bitcoin holdings as of January 31 were 13,513, with 158.63 BTC sold for proceeds of over $14.5 million at an average price of $91,752 per Bitcoin. This expansion in Texas positions CleanSpark for substantial growth in its Bitcoin mining capabilities.

https://www.tipranks.com/news/the-fly/cleanspark-reports-q1-bitcoin-production-573-thefly

CleanSpark expands Texas footprint with 600 MW data center agreement

CleanSpark, a Bitcoin mining company, has secured an agreement to acquire up to 447 acres in Brazoria County, Texas, to develop a large-scale data center with an initial 300 MW demand load, expandable to 600 MW. This marks the company's second Texas location and follows recent reports of increased Bitcoin production and significant investments in AI and high-performance computing infrastructure. The transaction is expected to close in Q1 2026.

https://www.investing.com/news/company-news/cleanspark-expands-texas-footprint-with-600-mw-data-center-agreement-93CH-4485010

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CleanSpark Inc Price History

29.00.2026 - CLSK Stock was down 11.0%

• The expectation of Q1 2026 earnings falling below projections, with an estimated EPS of ($0.07) and revenue of $200.3 million, likely influenced the bearish sentiment.
• Director share sales and institutional investors adjusting their positions could have indicated a lack of confidence in the company's performance.
• Despite positive sentiment from Wall Street with a high average brokerage recommendation, the Zacks Rank #5 (Strong Sell) due to decreasing earnings forecasts may have dissuaded investors, contributing to the bearish trend.
• The reduction in price target by Keefe, Bruyette & Woods, coupled with recent significant director share sales, may have increased selling pressure on the stock, leading to the downward movement in the market.

21.00.2026 - CLSK Stock was up 6.3%

• CleanSpark's strategic acquisition and robust financial performance, highlighted by impressive revenue and high profit margins, have bolstered investor confidence, resulting in a rise in the stock price.
• The company's expansion into Bitcoin production and AI infrastructure, evidenced by a substantial land purchase in Texas, has added to market optimism and contributed to the upward movement.
• Optimistic growth projections from analysts, positive ratings, and the company's emphasis on blending sustainable energy with digital infrastructure needs have further boosted investor trust and propelled the stock price.
• Overall, CleanSpark's comprehensive approach in sustainable energy, Bitcoin mining, and high-performance computing infrastructure positions it as a potential industry leader, garnering investor interest and driving the upward trend in the market.

20.00.2026 - CLSK Stock was up 5.1%

• CleanSpark Inc. demonstrated a 10% year-over-year increase in Bitcoin production, mining 622 Bitcoins in December and finishing the year with 7,746 Bitcoins produced. This strong operational performance likely influenced the bullish movement of the stock.
• The company's expansion into AI compute infrastructure, including a significant land acquisition in Texas for data center development, indicates strategic growth and diversification, enhancing investor confidence.
• Initiation of a Buy rating with a $22 price target by analysts, positive market sentiment, and robust financial standing have collectively contributed to the stock's upward momentum.
• The broader industry trend of mining companies shifting towards AI services and expanding their infrastructure to meet digital demands may have positively impacted investor perception and the bullish market movement of CLSK.

30.00.2026 - CLSK Stock was down 5.3%

• The stock price dropped by 6.39% to $12.59, performing worse than the general market indices, showing a bearish outlook among investors.
• Analysts predict negative earnings per share (EPS) and slightly reduced revenue in the upcoming quarterly report, potentially contributing to the stock's decline.
• Insider transactions, including director sales and varied activity from institutional investors, might have fueled the negative sentiment around the stock.
• Although Wall Street's average brokerage recommendation is positive, the Zacks Rank of #5 (Strong Sell) and decreasing earnings estimates point to potential obstacles ahead for CleanSpark, influencing the bearish market trend.

05.01.2026 - CLSK Stock was down 12.1%

• The decline in CleanSpark's stock price is linked to current market uncertainties and investor wariness amid wider market instability.
• The company's robust revenues and operational effectiveness are overshadowed by concerns regarding negative pretax profit margins and significant liabilities, leading to the recent sell-off.
• Though there are reports of increased Bitcoin production and business expansion in Texas, these positive developments were not enough to offset the prevailing negative sentiment. Worries about capital-intensive AI projects and the impact of Bitcoin's volatility on short-term revenue may have contributed to this scenario.

04.01.2026 - CLSK Stock was down 13.9%

• CleanSpark's recent bearish movement may be linked to challenges in its Q1 performance stemming from significant investments in AI projects and fluctuations in bitcoin prices, impacting its immediate revenue outlook.
• Disruptions in Bitcoin mining caused by severe weather conditions in the United States could have also impacted CleanSpark's operations, prompting concerns among investors.
• Market attention towards CleanSpark's approaching earnings release on February 5, especially regarding bitcoin-related revenues and Energy segment margins, may be influencing the stock's downward trajectory.
• Despite CleanSpark's strategic expansion efforts in Texas aimed at establishing a large-scale data center, short-term uncertainties might be overshadowing its long-term growth prospects, potentially dampening investor confidence.

27.00.2026 - CLSK Stock was up 6.3%

• A recent adjustment in the price target by an analyst firm, while maintaining an "outperform" rating, may have prompted investors to seize a buying opportunity, leading to the stock's upward movement.
• Initial concerns stemming from winter storms causing power outages in Tennessee and Nvidia's investment in CoreWeave potentially impacting CleanSpark's competitive stance could have triggered a decline. However, investor confidence appears to have been restored in light of the company's strategic decisions.
• Despite a downgrade to "strong sell" by a research firm, prevailing sentiment from both analysts and investors remains optimistic, likely influenced by CleanSpark's revenue growth and innovative strategies.
• The company's pivot towards AI data centers in Texas is viewed positively as a promising long-term investment narrative, appealing to investors interested in its expansion beyond bitcoin mining activities.

05.01.2026 - CLSK Stock was down 11.8%

• CleanSpark's stock price dropped over 10.96% as Bitcoin plunged below $68,000, impacting the company's earnings and investor sentiment.
• Despite strong revenues and operational efficiency, concerns about negative pretax profit margins and liabilities have contributed to the downward trend in the stock price.
• The company's recent expansion in Texas with a large-scale data center and increased Bitcoin production were overshadowed by broader market conditions and investor caution.
• CleanSpark's ability to align its renewable energy focus with market demands and establish strategic partnerships will be crucial in regaining investor confidence and stabilizing its financial performance.

23.00.2026 - CLSK Stock was up 5.2%

• CLSK stock saw positive movement, likely due to its expansion into AI and HPC opportunities in Texas.
• The recent acquisition of 447 acres in Brazoria County for a large-scale data center with increased power capacity could have positively impacted investor sentiment.
• Analysts' optimistic growth forecasts for CleanSpark, recognizing its move towards AI infrastructure and strong financial performance, may have contributed to the market's positive response.
• The company's dual focus on Bitcoin production and AI infrastructure, noted by Maxim's Buy rating and a $22 price target, likely increased investor confidence in CLSK's future prospects.

28.00.2026 - CLSK Stock was up 7.9%

• The stock experienced a 4.26% increase primarily due to positive mid-day trading activities.
• Concerns related to winter storm-induced power outages in Tennessee and Nvidia's investment in CoreWeave have not dampened investor sentiment, as the company's strategic decisions like acquisitions and data center expansions are enhancing the stock's prospects.
• CleanSpark's pivot towards AI data centers in Texas has altered its investment narrative, attracting investors' interest and potentially fueling the recent bullish movement.
• Analysts' positive outlook on CleanSpark's adept management and innovative strategies, despite market fluctuations, is further driving the upward trend in the stock.

03.01.2026 - CLSK Stock was down 5.8%

• CLSK stock experienced a bearish movement, possibly due to the 6.76% drop in pre-market trading ahead of its upcoming earnings report on February 5, 2026.
• The disruption in Bitcoin mining caused by the US winter storm in January might have impacted CLSK's operations and revenue, contributing to the negative market sentiment.
• Investors may be cautious about CLSK's financial performance and Bitcoin-mining revenue, as highlighted by the market's focus on Energy segment margins and operational metrics in the upcoming earnings report.
• The live webcast scheduled to discuss Q1 2026 financial results could provide insights into CLSK's strategies for optimizing infrastructure and delivering shareholder returns, potentially influencing future market movements.

22.00.2026 - CLSK Stock was up 8.5%

• CleanSpark's strategic shift from Bitcoin mining to AI and high-performance computing infrastructure has garnered positive investor reactions, resulting in a bullish market trend.
• The company's intention to acquire a substantial acreage in Texas for a data center with significant power capacity is generating optimism among analysts and investors.
• Despite sustainability concerns and market fluctuations, CleanSpark's impressive financial performance and growth forecasts are instilling confidence in its future prospects.
• The company's combination of robust Bitcoin production performance and expansion into AI infrastructure is positioning CleanSpark favorably in the market, drawing favorable attention from analysts and market participants.