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CleanSpark Drops Ahead Of Earnings As Bitcoin Plunges Below $68,000 - Cleanspark (NASDAQ:CLSK)
Shares dropped 10.7% as Bitcoin fell over 7% in 24 hours, increasing market fear ahead of CleanSpark’s Q1 earnings with an expected EPS of $0.09.
- On Thursday, CleanSpark Inc shares dropped 10.71% to $9.68 as traders braced for first-quarter fiscal 2026 earnings scheduled after the market close.
- Crypto-Market volatility has pressured bitcoin miners and CleanSpark shares as Bitcoin traded at $67,015.29, down 7.49% in 24 hours and over 20.93% over a week, with the Fear and Greed Index at 11.
- Technical indicators show the RSI at 38.28 with the MACD below its signal line, while CleanSpark trades 25.9% below its 20-day SMA and 34.9% below its 100-day SMA, reflecting short-term weakness.
- Investors face a 10.81% 12-month decline with shares near 52-week lows, underperforming the broader market and creating valuation tension for CleanSpark shareholders and traders.
- Recent broker moves show Keefe, Bruyette & Woods lowered its target to $18 on Jan. 27, while other firms like Chardan Capital and Maxim Group maintained higher targets, despite the market trading below key resistance at $10.00.
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26 Articles
CleanSpark Drops Ahead Of Earnings As Bitcoin Plunges Below $68,000 - Cleanspark (NASDAQ:CLSK)
CleanSpark Inc (NASDAQ:CLSK) shares tumbled on Thursday, as investors brace for the Bitcoin (CRYPTO: BTC) miner’s first-quarter fiscal 2026 earnings report scheduled for release after the market close today. Analyst Expectations For Q1 Results Analysts estimate that CleanSpark will report earnings per share (EPS) of $0.09 for the quarter, according to consensus forecasts. The company’s performance comes amid heightened volatility in cryptocurren…
·New York, United States
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Coverage Details
Total News Sources26
Leaning Left2Leaning Right0Center9Last UpdatedBias Distribution82% Center
Bias Distribution
- 82% of the sources are Center
82% Center
L 18%
C 82%
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