CleanSpark, Inc. (NASDAQ:CLSK) is a company that focuses on energy solutions and Bitcoin mining. On November 26, 2025, Macquarie set a price target of $27 for CLSK, while the stock was trading at $12.09. This suggests a potential upside of about 76.58%. CleanSpark's activities include increasing Bitcoin production, which has significantly contributed to its revenue growth.
Despite the optimistic price target, CleanSpark's stock experienced a 3.4% decline in extended trading after its fiscal year 2025 results fell short of expectations. The company reported earnings of $1.12 per share, missing the Zacks Consensus Estimate of $1.45. However, this was a notable improvement from the previous year's loss of 69 cents per share, indicating progress in its financial performance.
CleanSpark's revenues for fiscal 2025 surged by 102.2% year over year, reaching $766.3 million. This growth was driven by increased Bitcoin production and higher average revenue per coin. However, the revenue still fell short of the consensus estimate of $783.9 million. The company achieved an operating income of $318 million and an adjusted EBITDA of $823.4 million, reflecting improved margins.
The stock is currently priced at $12.07, showing a slight increase of approximately 2.07% or $0.25. Today, the stock has fluctuated between a low of $12.02 and a high of $12.98. Over the past year, CLSK has reached a high of $23.61 and a low of $6.45. The company's market capitalization is around $3.4 billion, with a trading volume of 31.6 million shares on the NASDAQ.
