JP Morgan downgraded CleanSpark Inc (CLSK) to Neutral from Overweight on September 25, 2025. The stock currently trades at $9.21.
This move underscores increased caution regarding CleanSpark's outlook, potentially reflecting concerns about competitive pressures, market conditions, or execution risks that could impact the company's performance.
CleanSpark, headquartered in Henderson, Nevada, is a bitcoin mining technology company that manages data centers across the United States. The firm operates approximately 188,500 bitcoin mining machines, with a hashrate capacity of about 27.6 exahashes per second (EH/s) and a fleetwide efficiency of 21.94 joules per terahash (J/TH). The company has a market cap of $3.0 billion and a price-to-earnings ratio of 9.93.
Upcoming earnings reports are scheduled for August 5, 2026, with an estimated EPS of $0.20 and revenue of $283.1 million. Analyst consensus remains a Buy, with 5 Strong Buy, 11 Buy, and 3 Hold ratings as of November 1, 2025.
Analyst ratings and price targets are based on research and financial models. They provide insights but should not be the sole basis for investment decisions. Investors should consider company fundamentals, competitive positioning, and industry trends alongside analyst views.