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CleanSpark, Inc (CLSK) Fair Value & Analysis

Financial Services · US · Market cap $3.3B

CI CleanSpark, Inc logo CleanSpark, Inc CLSK · US
Price$12.30
Fair Value$20.53
Upside+66.9%
Quality29/100
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Mixed Growth
Loss-making · -67.7% net margin
Low debt · negative free cash flow
Trails peers (1/9)
Narrow moat 8/100
Evidence: High Range $15.39 – $25.65 Share as image

Fair value as of: Jul 13, 2026

From 9 valuation models · updated 27 days ago

Share price −0.8% over the past month.

Below-average quality, screening 67% undervalued on our models.

What matters now

  • The large discount to fair value meets weak quality (29/100). That raises the risk this is a value trap rather than a bargain.
  • The price is below even our cautious bear case ($15.39). The market is more pessimistic than our downside scenario.
  • For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
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Price vs Fair Value (5 years)

$23.40 $1.78 Fair Value $20.53 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 13, 2026.

How to read this chart

60‑month range $1.78 – $23.40 · fair‑value band $15.39 – $25.65 · the $12.30 price screens below the $20.53 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 13, 2026.

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Analysis

CleanSpark, Inc (CLSK) currently trades at $12.30, while our model-based Fair Value estimate is $20.53, implying the stock looks roughly 66.9% undervalued today. The Quality Score stands at 29/100 (below-average quality), in the Financial Services sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, CleanSpark, Inc generated revenue of $740M at a net margin of -67.7%. Revenue declined 24.9% year over year. It earns a return on equity of -34.8%. Net debt stands at $781M. Fundamentals as of Jul 13, 2026

Our scenario range runs from $15.39 (bear case) to $25.65 (bull case); at $12.30, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 48% below its 52-week high and 54% 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 67%, CLSK screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Residual Income $9.14 $12.84 $52.85 76
Gordon GGM $0.3700 $0.7300 $1.11 70
P/E Multiple $21.30 $28.41 $35.51 63
All 9 models by family
DCF Models
Owner Earnings $6.33 $16.88 $38.22 31
Earnings-Based
Graham-Dodd $9.66 $67.35 $94.52 54
Lynch FV $34.80 $49.71 $64.62 50
Dividend Discount
Gordon GGM $0.3700 $0.7300 $1.11 70
DDM Multi-Stage $0.3700 $0.6300 $0.7700 61
Multiples
P/E Multiple $21.30 $28.41 $35.51 63
P/B Multiple $18.11 $24.15 $30.18 55
Asset-Based
NCAV (Graham) $4.24 $5.68 $8.48 50
Economic Profit
Residual Income $9.14 $12.84 $52.85 76

Widest divergence: Earnings-Based ($49.71) versus Dividend Discount ($0.6300). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) $740M
Revenue growth (YoY) -24.9%
Net margin -67.7%
Return on equity -34.8%
Free cash flow −$1.0B FY2025
Operating margin -246%
More key figures
EPS (TTM) $-2.08
EPS growth (YoY) +492%
Net debt $781M FY2025

Figures from reported company fundamentals · as of Jul 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 29/100

Of which business quality 38 · Market factors (momentum, volatility) 31

Profitability 52
Margins and returns on capital today
Quality Growth 94
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 71
Balance sheet, leverage, solvency risk
Investment 0
Disciplined investing over empire-building
Low Volatility 0
Calm price path (market factor)
Momentum 47
Price trend over the last 3–12 months (market factor)
52W Momentum 39
Distance to the 52-week high (market factor)
Net Issuance 0
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

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. The company was formerly known as Stratean Inc. and changed its name to CleanSpark, Inc. in November 2016. CleanSpark, Inc.

Full company description

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. 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.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

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.

Growth Quality 43/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
$766M
Latest YoY
+102.2%
Avg. growth/yr (3Y)
+79.9%
Avg. growth/yr (5Y)
+138.0%
Avg. growth/yr (11Y)
+214.7%
Revenue +110.2%/yr
FY21 $39.3M
FY22 $132M
FY23 $168M
FY24 $379M
FY25 $766M
Net income
FY21 −$21.8M
FY22 −$57.3M
FY23 −$138M
FY24 −$146M
FY25 $364M

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Cite: Fair Value Calculator (2026). "CleanSpark, Inc Fair Value". https://www.fairvalue-calculator.com/stock/CLSK

Recent news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

Peer Group

Capital Markets · 425 stocks

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.

Quality Score 29 · Bottom 25%
Fair Value upside +67% · Top 25%
Return on assets -18% · Bottom 25%
Net margin (TTM) -68% · Bottom 25%
Revenue growth -25% · Bottom 25%
Debt / equity 0.30× · Higher than median

Valuation Multiples vs Capital Markets median · lower = cheaper

P/B 1.52× · Pricier than median
P/S (TTM) 4.46× · Pricier than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 100 · sector 9
FUTURE 0 · sector 96
PAST 0 · sector 30
HEALTH 85 · sector 93
DIVIDEND 0 · sector 36

Insider activity: 25/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Capital Markets stocks, each showing price versus our Fair Value estimate (as of Jul 13, 2026).

Stock Price Fair Value vs Fair Value
Huatai Securities Co HTSC $0.2700 $0.0400 -85%
Mirae Asset Securities Co 006800 38,750 KRW 31,645 KRW -18%
Meritz Financial Group 138040 117,000 KRW 87,706 KRW -25%
Korea Investment Holdings 071050 239,000 KRW 318,825 KRW +33%
NH Investment & Securities Co 005940 31,000 KRW 37,133 KRW +20%
Samsung Securities Co 016360 107,700 KRW 126,487 KRW +17%
Motilal Oswal Financial Services Limited MOTILALOFS ₹967.00 ₹299.65 -69%
Kiwoom Securities Co 039490 322,000 KRW 358,091 KRW +11%
SSI Securities Corporation SSI 24,250 VND 28,021 VND +16%
Bolsas y Mercados Argentinos S.A BYMA 313.75 ARS 120.22 ARS -62%

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Frequently asked questions

Is CleanSpark, Inc (CLSK) overvalued or undervalued?
As of Jul 13, 2026, our model estimates a fair value of $20.53 versus a price of $12.30, about +67% (undervalued).
What is the fair value of CLSK?
Our model-based fair value for CleanSpark, Inc is $20.53 (as of Jul 13, 2026), built from audited fundamentals. The current price is $12.30.
What is the quality score of CLSK?
CleanSpark, Inc has a Quality Score of 29/100. 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 revenue of CleanSpark, Inc (CLSK)?
CleanSpark, Inc reported trailing-twelve-month revenue of about $740M (latest available figure, as of Jul 13, 2026).
What is the net profit margin of CLSK?
The net profit margin of CleanSpark, Inc is about -67.7%, meaning it is currently running at a net loss. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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