“Interest expense in the nine months ended June 30, 2026 increased by $1,510 to $7,790 from $6,280 for the nine months ended June 30, 2025 due to the amortization of deferred issuance costs from the convertible notes and the lines of credit which the company h…”10-Q · Aug 6, 2026 ↗
CleanSpark, Inc.
CLSK
Market read
CleanSpark, Inc.'s current read is isolated; its market group is not confirming.
No new filing conclusion is available. 0 of 26 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 10 directly disclosed connections are confirming.
- CLSK's market-adjusted activity becomes unusual and at least one connected name confirms.
Invalidation: The isolated read changes if CLSK's group or a disclosed connection begins moving with it.
Research brief
The story so far
No new filing conclusion is available. 0 of 26 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 10 directly disclosed connections are confirming.
No thresholded supportive filing evidence is available yet.
No thresholded adverse filing evidence is available yet.
- CLSK's market-adjusted activity becomes unusual and at least one connected name confirms.
Company research
Understand the business, not just the ticker
For brokers and capital-markets platforms, the key question is how client activity, interest rates, customer balances, margin lending and market conditions translate into earnings and capital needs.
- Can client and activity growth offset pressure from lower rates or weaker trading volumes?
- Are customer balances, margin lending and credit conditions changing the risk profile?
- Does the valuation reflect a durable earnings model or unusually favorable market conditions?
- Latest annual revenue changed +102.2% year over year.
- Operating margin changed +80.9 percentage points in the latest annual period.
- Net margin changed +86.0 percentage points in the latest annual period.
- Credit and interest rates has repeated favorable evidence across 5 filings.
- Diluted shares increased 46.5% in the latest annual period.
- Operating cash flow was only -1.265x net income in the latest annual period.
- EV/sales is 71% below the available filing-peer median; determine whether growth and quality justify the difference.
Price as of Sep 11, 2026
13.67Reported annual revenue and per-share history. This is accounting history, not a forecast.
What management says matters
Persistent and emerging business drivers
Valuation discipline
Descriptive valuation snapshot
Price/sales 5.7× · EV/sales 6.5×. Comparisons use only industry-matched filing peers.
Scenarios are withheld for Financial Services until sector-specific earnings and capital metrics are available; generic revenue/P/S scaffolds would be misleading.
Price action
How the market is pricing the story
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 11 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
No sourced recent-development timeline yet
Jodie has not returned a relevant primary source or news item for CLSK. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Reported financial figures are not available yet
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Filing analysis
No comparable filing assessment is available yet
Jodie has not yet found a suitable current-versus-prior filing comparison for CLSK. This does not mean the latest filing was neutral or immaterial.
Business ecosystem
The relationships behind CLSK
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depends on
RIOTRiot Platforms, Inc.competitorNov 25, 2025 ▾
“Within North America, our major competitors include: • MARA Holdings, Inc.; • Riot Platforms, Inc.; • Core Scientific, Inc.;”
TRINTrinity Capital Inc.partnerAug 7, 2025 ▾
“Trinity Master Equipment Financing Agreement On April 22, 2022, the Company entered into a Master Equipment Financing Agreement (the “Master Equipment Financing Agreement”) with Trinity Capital Inc.”
Depended on by
IRENIREN LimitedpartnerAug 28, 2025 ▾
“Our self-constructed Peer Group Index consists of members of our peer group with available publicly traded market data as of, and subsequent to, November 16, 2021, and consists of: Bitdeer Technologies Group (BTDR), Bitfarms Ltd.”
Filing peers
Companies whose filings use similar operating language.
Open the three relationships above to see Jodie’s filing proof. Pro unlocks 14 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →
What is moving around it
Live connections
CLSK is currently a Follower in the organic co-movement group High-Beta Risk-On. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.
Context history
Theme membership history
No durable theme membership has been observed for this name yet.