Stock fact sheet · data as of
CleanSpark, Inc. (CLSK): fair value, margin of safety and Wheel Score
Ticker symbol CLSK · Financial Services · Financial - Capital Markets · United States · Speculative
Is CLSK undervalued?
At 6.80 (close of 5 Nov 2026), CLSK has no GLS fair value: every one of the nine models needs a positive input (the company lost money over the last twelve months, EPS -3.72 and it pays no dividend), so the margin of safety is blank and the Wheel Score cannot be computed. Our scans leave the stock out at the first filter. What can be said from the nightly row is below.
The nightly engine files CLSK under Speculative - it is losing money or its Piotroski health score is 3 or lower - which caps its Wheel Score at 45 and keeps it out of the Sunday Scan.
Nine valuation models for CLSK
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | - | - | Present value of the projected free cash flows, discounted at the cost of capital; no value tonight |
| Graham Number | - | - | The most a defensive investor pays for the earnings and book value per share; no value tonight |
| Graham Growth | - | - | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields; no value tonight |
| Lynch | - | - | EPS × the earnings growth rate (PEG of 1), growth capped at 25%; no value tonight |
| GLS Growth | - | - | EPS compounded ten years at the blended growth rate, discounted back at 15% a year; no value tonight |
| 10 Cap | - | - | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10%; no value tonight |
| Payback Time | - | - | Eight years of compounded free cash flow: the price at which the business pays for itself; no value tonight |
| DDM | - | - | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend; no value tonight |
| EPV | - | - | Earnings power value: current EPS capitalised at 9% with no growth; no value tonight |
| Zombie (liquidation) | 1.21 | -82% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 23.00 | +238% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
CleanSpark, Inc. scores only 3 of 9 on the Piotroski F-score, which fails the "Piotroski 6 or more" Wheel Trade Filter. A reading this low means several of the basic tests - positive earnings, positive operating cash flow, falling debt, no new share issuance - are not met. A GLS Moat score of 2.8/10 is a weak reading: the accounts do not show returns and margins that competitors have been unable to wear down, so the Moat part of the Wheel Score contributes little.
Returns on capital are high - ROIC 12.2%, ROE 16.8%, ROA 11.4% - with debt at 0.38 times equity and negative free cash flow.
CleanSpark, Inc. pays no dividend, so the DDM model does not apply and a covered-call holder earns only the premium and any price gain. Revenue comes mainly from Consolidated Revenues 97%, Other Revenue And Eliminations 3% (fiscal year FY2021).
Institutional ownership scores 10/10, insider activity 1/10 and Congressional trading 5/10 on the GLS smart-money scales; the last recorded insider buy was on 30 Sep 2026.
| Piotroski F-score | 3 / 9 | ROIC | 12.2% |
|---|---|---|---|
| GLS Moat | 2.8 / 10 | ROE | 16.8% |
| Debt / equity | 0.38 | ROA | 11.4% |
| Free-cash-flow yield | -65.6% | Payout ratio | -4% |
| Institutions | 10 / 10 | Insiders · Congress | 1 · 5 / 10 |
Wheel Score 16: Weak
With a Wheel Score of 16 CleanSpark, Inc. sits in the Weak band. It fails filter 2, a real business, not a gamble - speculative (a loss, or a weak Piotroski score); and filter 3, below fair value - trades right at our fair value; and filter 4, financially healthy - Piotroski 3/9 (under 6); and filter 6, no serious red flags - Red Flags score 35 (under 60); and filter 7, a premium worth selling - implied volatility 106% (over 80%); Value (weak) is its weakest part.
Implied volatility is 106%, above the 80% ceiling of the Wheel Trade Filter on premium. The premium looks generous, but moves of that size can blow through any strike. The option chain is deep: 274,545 contracts of open interest across all expiries, which means tight fills at most strikes.
Volume runs at 36.6M shares a day on a market cap of $1.7B, with a beta of 3.66 - a high beta, so the stock tends to move more than the market and a strike can be gapped through; the Stability part of the Wheel Score rates that weak.
| Filter | Wheel Trade Filter | Result | Detail |
|---|---|---|---|
| 1 | Options that actually trade | Passes | Listed options with 1,000+ contracts of open interest and 100+ traded a day |
| 2 | A real business, not a gamble | Fails | speculative (a loss, or a weak Piotroski score) |
| 3 | Below fair value | Fails | trades right at our fair value |
| 4 | Financially healthy | Fails | Piotroski 3/9 (under 6) |
| 5 | Can repay its debt | Passes | Long-term debt repaid from 3 years of operating cash flow or less (6 for real estate and utilities; banks and insurers are not judged on it) |
| 6 | No serious red flags | Fails | Red Flags score 35 (under 60) |
| 7 | A premium worth selling | Fails | implied volatility 106% (over 80%) |
| 8 | Big enough | Passes | Market cap $1 billion or more |
| 9 | Not a penny stock | Passes | Share price $5 or more |
| How it ranks | Rating | From | |
|---|---|---|---|
| Value | Weak | 0% below fair value | |
| Premium | Weak | implied volatility 106% | |
| Moat | Weak | moat 2.8/10 | |
| Health | Weak | Piotroski 3/9 | |
| Red Flags | Weak | Red Flags score 35/100 | |
| Option trading | Strong | 72,201 contracts a day, 274,545 open interest | |
| Stability | Weak | beta 3.66, $1.7B company |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls: a stock must pass all 9 Wheel Trade Filters to score 70, and the score then ranks the ones that pass; the Sunday Scan is the top 10. It is updated nightly and is not a recommendation. How the Wheel Score works · the walkthrough lesson shows how it fits into a trade, start to finish.
Upcoming events
The next earnings report is due on 24 Nov 2026 (after the close), 19 days away; a 30-45-day put sold today would expire after it, which is worth weighing against the premium.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Financial - Capital Markets
The 12 companies below are the closest to CleanSpark, Inc. by market cap within the Financial - Capital Markets industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| SFB Stifel Financial Corporation 5.20% Senior Notes due 2047 | 17.97 | 51.07 | +65% | 25No options | $1.8B |
| PWP Perella Weinberg Partners | 14.49 | 17.95 | +19% | 35Weak | $1.6B |
| ETOR eToro Group Ltd. | 23.72 | 59.08 | +60% | 77Good | $1.9B |
| SBET Sharplink, Inc. | 7.15 | - | - | 21Weak | $1.4B |
| TOP TOP Financial Group Limited | 10.83 | - | - | 15No options | $1.3B |
| PURR Hyperliquid Strategies Inc Common Stock | 9.69 | 40.13 | +76% | 42Weak | $1.3B |
| GOLD Gold.com, Inc. | 41.43 | 218.02 | +81% | 80Good | $1.2B |
| MARA MARA Holdings, Inc. | 6.87 | - | - | 17Weak | $2.7B |
| OPY Oppenheimer Holdings Inc. | 91.86 | 201.33 | +54% | 44Weak | $975M |
| LCLN Lincoln International Inc. | 27.25 | 33.86 | +20% | 27No options | $950M |
| LTSAP Osaic Financial Services, Inc. | 18.70 | 49.53 | +62% | 31No options | $3.3B |
| MIAX Miami International Holdings, Inc. | 34.97 | 63.05 | +45% | 48Weak | $3.5B |
⚖ Compare CLSK with 7 of them All Financial Services stocks →
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Start free See the Sunday ScanQuestions about CLSK
Is CLSK undervalued right now?
The GLS models could not value CLSK (the company lost money over the last twelve months, EPS -3.72 and it pays no dividend), so there is no fair value or margin of safety to compare the price of 6.80 against.
What is the Wheel Score of CLSK and what does it mean?
CLSK scores 16 out of 100 (Weak) - it fails Wheel Trade Filters 2, 3, 4, 6, 7. The Wheel Score ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned - in two parts: the 9 pass/fail Wheel Trade Filters (busy options, a real business, below fair value, Piotroski 6 or more, debt it can repay, a Red Flags score of 60 or more, implied volatility of 25-80%, a $1 billion company, $5 a share) and a ranking of how strongly a stock passes on value, premium, moat, health, red flags, option trading and stability. A stock that fails any filter stays under 70; 70-84 is Good, 85 and above is Prime. The Sunday Scan is the top 10 that pass, sorted by Wheel Score.
What is the GLS fair value for CLSK?
None of the nine GLS models produced a positive value for CLSK (the company lost money over the last twelve months, EPS -3.72 and it pays no dividend), so there is no GLS fair value tonight.
When does CleanSpark, Inc. report earnings next?
The next earnings report is due on 24 Nov 2026 (after the close), 19 days from the data date of 5 Nov 2026. The Calendars page lists every upcoming report with its time of day.
Does CLSK have listed options, and how liquid are they?
Yes. The nightly snapshot found 176 listed contracts with 274,545 open interest across all expiries and implied volatility of 106% on the near-the-money contracts. The Options scanner lists the cash-secured put and covered call set-ups with premium and annualised yield worked out.