CleanSpark, Inc. (NASDAQ:CLSK), a company that focuses on energy solutions and Bitcoin mining, received a continued "Buy" rating from B. Riley on November 26, 2025. Despite this positive outlook, B. Riley adjusted CleanSpark's price target, lowering it from $25 to $22. At the time of the rating, the stock price was $12.49.
Following the release of its fiscal year 2025 results, CleanSpark's stock experienced a 3.4% decline in extended trading. The company reported earnings of $1.12 per share, missing the Zacks Consensus Estimate of $1.45 but marking a significant improvement from the previous fiscal year's loss of 69 cents per share.
CleanSpark's revenues for fiscal 2025 surged by 102.2% year over year, reaching $766.3 million. This growth was attributed to increased Bitcoin production and higher average revenue per coin. However, the revenue figure fell short of the consensus estimate of $783.9 million, contributing to the stock's decline.
The company achieved an operating income of $318 million and saw its adjusted EBITDA rise to $823.4 million, reflecting improved margins. Despite these positive financial metrics, the results did not meet market expectations, leading to the decline in CleanSpark's stock price.
Currently, CLSK is priced at $12.84, reflecting an increase of approximately 8.59% or $1.02. The stock has fluctuated between a low of $12.10 and a high of $12.98 today. Over the past year, it has reached a high of $23.61 and a low of $6.45. The company's market capitalization is approximately $3.62 billion, with a trading volume of 15.79 million shares on the NASDAQ.
