CleanSpark Inc (CLSK) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of CleanSpark Inc stock $11.36, price $6.16, upside +84.4%, quality 41 out of 100. Rating: strongly undervalued. Calculated from audited financials with 9 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 7, 2026.
How to read this chart
60‑month range $1.78 – $23.40 · fair‑value band $7.71 – $23.31 · the $6.16 price screens below the $11.36 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.
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CleanSpark, Inc. operates as a bitcoin mining company in the Americas. The company owns, leases, and operates data centers and power assets. Its infrastructure supports Bitcoin, a digital commodity.
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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.
Stock analysis
CleanSpark Inc (CLSK) currently trades at $6.16, while our model-based Fair Value estimate is $11.36, implying the stock looks roughly 46% undervalued today.
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Valuation
Bull case: the Earnings-Based group reads highest at a median of $58.49 per share, and 6 of the 9 models we run sit above the $6.16 price.
Bear case: the Asset-Based group reads lowest at $1.21, and 3 of the 9 models stay below the price. Data coverage for this calculation is low.
Scenario range: $7.71 (bear) to $23.31 (bull), the price of $6.16 sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 41/100 (below-average quality), in the Financial Services sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
CleanSpark Inc reported revenue of $766M in FY2025 versus $39.3M in FY2021, a compound +110.2%/yr. Reported net income was $364M in FY2025.
Key figures
Market cap $1.6B Small · P/S ratio 3.08 · EPS (TTM) $−3.78 · Dividend yield 0.5% · Net margin −147% · Return on equity −68.6% · Return on assets (EBIT) −5.4% (5-year average) · Operating margin −165%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 18 out of 100 (low confidence).
What moves the price
The share trades about 67% below its 52-week high and 8% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −11% fair-value upside, at 84%, CLSK screens cheaper than that median.
Fair Value models
Bear$7.71Fair Value $11.36Bull$23.31
Price $6.16 · Upside +84.4%
Capped: our models arrive at a very high value here. We deliberately show a more cautious Fair Value.
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
In the last 6 months, one officer or director sold shares worth $435,474 and none bought.
SaleTaylor MonnigCTO, COO3× since Aug 14, 2026: 33,151 shares, avg. $13.14$435,474Oct 1, 202610b5-1 plan
SaleThomas Leigh WoodDirector85,315 shares at $11.69$997,332Dec 23, 2025
SaleAmanda CavaleriDirector33,000 shares at $15.02$495,660Dec 4, 2025
Plus 23 other filings such as grants, option exercises or tax withholding. They are not market purchases or sales.
Sales are often planned (taxes, diversification, 10b5-1 plans). Purchases with their own money are seen as the stronger sign. For information only: not part of the quality score or Fair Value.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.43/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+102.2%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+79.9%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+138.0%
Start year 2020 (pandemic)
Revenue growth 11 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+214.7%
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Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
−151.0% (2020) → 41.6% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: no profitable base year
News mood ⓘNews mood, the average tone of recent news (95 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Neutral
Recent news coverage is roughly neutral, about typical for how stocks are covered.
AI conclusion: Limited moat in bitcoin mining leaves the firm exposed to commodity price swings and hardware commoditization, while negative cash flows signal weak earnings conversion despite reported profits.
Main risk: Concentration on a single tenant for data center leases poses the main risk to stable rental income and could strain debt servicing capacity.
CleanSpark’s bitcoin mining no longer produces enough gross profit to cover depreciation on its machines. The firm is using more than two billion dollars of new debt to build out data centers, starting with a large lease to a Meta subsidiary. Will the move toward contracted landlord income offset the added leverage and concentration risk around that single tenant?
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Capital Markets · 384 stocks
Beats the industry median on 4/10 measures
A mixed picture versus its industry peers.
Valuation
Quality Score41 · Bottom 25%
Fair Value upside+84.4% · Top 25%
Profitability
Return on assets11.5% · Top 25%
Net margin (12 months)−146.9% · Bottom 25%
Operating margin (12 months)−165.2% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)−30.5% · Bottom 25%
Dividend yield (12 months)0.5% · Bottom 25%
Balance sheet
Debt / equity0.30× · Above median
Valuation Multiplesvs Capital Markets median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "CleanSpark Inc Fair Value". https://www.fairvalue-calculator.com/stock/CLSK
Frequently asked questions
Is CleanSpark Inc (CLSK) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of $11.36 versus a price of $6.16, about +84% upside (undervalued).
What is the fair value of CLSK?
Our model-based fair value for CleanSpark Inc is $11.36 (as of Nov 7, 2026), built from audited fundamentals. The current price: $6.16.
What is the quality score of CLSK?
CleanSpark Inc has a Quality Score of 41/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for CleanSpark Inc (CLSK)?
Our model-based price target is the fair value of $11.36 (as of Nov 7, 2026) from 9 valuation models. Cautious scenario $7.71, optimistic scenario $23.31. It is a calculation from audited fundamentals, not an analyst target.
What is the CleanSpark Inc stock forecast for 2026?
Our models put fair value at $11.36, about +84% upside versus a price of $6.16 (undervalued). Cautious scenario $7.71, optimistic scenario $23.31. The calculation is refreshed regularly with new filings.
What is the revenue of CleanSpark Inc (CLSK)?
CleanSpark Inc reported trailing-twelve-month revenue of about $679M (latest available figure, as of Nov 7, 2026).
Does CleanSpark Inc pay a dividend?
CleanSpark Inc currently shows a dividend yield of 0.51% relative to its recent price (as of Nov 7, 2026).
How much is the dividend of CleanSpark Inc (CLSK)?
CleanSpark Inc has a dividend yield of 0.5%.
What is the intrinsic value of CleanSpark Inc (CLSK)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For CleanSpark Inc it is $11.36 per share (as of Nov 7, 2026), against a price of $6.16. It is the blended result of 9 valuation models in 6 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit).
Is CleanSpark Inc stock overvalued or undervalued in 2026?
As of Nov 7, 2026, CLSK trades below its calculated fair value: price $6.16, fair value $11.36, a gap of about +84% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of CLSK?
No. The price is what the market pays today ($6.16); the fair value is what the company's own numbers justify ($11.36). For CleanSpark Inc the two are $5.20 per share apart. That gap is exactly why we show both numbers side by side.
How much is CleanSpark Inc worth?
The market values CleanSpark Inc at about $1.6B (market capitalisation, as of Nov 7, 2026). Per share that is $6.16; our models calculate a fair value of $11.36 per share.
What do the bullish and bearish scenarios say about CLSK?
Our models span a range for CleanSpark Inc: cautious scenario $7.71, base $11.36, optimistic $23.31 per share (as of Nov 7, 2026, price $6.16). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of CleanSpark Inc (CLSK)?
Balance-sheet figures for CleanSpark Inc (as of Nov 7, 2026): return on equity −68.6%, debt of 0.30 per unit of equity. They feed the Quality Score of 41/100, which measures business quality independently of the share price.
How far is CLSK from its 52-week high?
CleanSpark Inc trades at $6.16, about 67% below its 52-week high of $18.81 and 8% above the low of $5.68 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of $11.36 is for.
Which stocks are comparable to CleanSpark Inc?
From the same area (Financial Services) we also value Morgan Stanley, The Goldman Sachs Group, The Charles Schwab Corporation, Interactive Brokers Group, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is CleanSpark Inc stock attractive at the current price?
The data as of Nov 7, 2026: price $6.16, calculated fair value $11.36 (+84%), Quality Score 41/100, from 9 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of CLSK calculated?
We run CleanSpark Inc through 9 models from 6 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit. Every model gets the same audited fundamentals; the fair value of $11.36 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.0% above its aggregate fair value. CleanSpark Inc currently trades 46% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of CleanSpark Inc (CLSK)?
The closing price on Nov 6, 2026 was $6.16. Our model-based fair value is $11.36, about +84% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with CleanSpark Inc right now?
The large discount to fair value meets weak quality (41/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case ($7.71). The market is more pessimistic than our downside scenario. The model range is unusually wide ($7.71 to $23.31). The outcome hinges heavily on assumptions, so read the point estimate with caution. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
Key figures of CleanSpark Inc
How large is the market capitalisation of CleanSpark Inc (CLSK)?
The market capitalisation of CleanSpark Inc is $1.6B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of CleanSpark Inc (CLSK)?
The price-to-sales ratio of CleanSpark Inc is 3.08 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of CleanSpark Inc (CLSK)?
Earnings per share at CleanSpark Inc are $−3.78. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of CleanSpark Inc (CLSK)?
The dividend yield of CleanSpark Inc is 0.5%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of CleanSpark Inc (CLSK)?
The net margin of CleanSpark Inc is −147% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of CleanSpark Inc (CLSK)?
The return on equity (ROE) of CleanSpark Inc is −68.6% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of CleanSpark Inc (CLSK)?
On an EBIT basis the return on assets of CleanSpark Inc is −5.4% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of CleanSpark Inc (CLSK)?
The operating margin of CleanSpark Inc is −165% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at CleanSpark Inc (CLSK)?
Revenue at CleanSpark Inc is growing −30.5% versus a year earlier (3y avg +79.9%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at CleanSpark Inc (CLSK)?
Earnings per share at CleanSpark Inc are growing +492% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does CleanSpark Inc (CLSK) generate?
The free cash flow of CleanSpark Inc is −$1.0B (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does CleanSpark Inc (CLSK) carry?
The net debt of CleanSpark Inc is $781M (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Thin data
Nov 7, 2026