CleanSpark's Stock Crashes 19% Ahead of Q1 Earnings Amid Crypto Turmoil
CleanSpark Inc. has witnessed its stock price plummet ahead of its fiscal Q1 2026 earnings report. Shares fell by over 19% on Monday, reaching around $8 at publication time. The decline comes amidst broader volatility in the cryptocurrency market, which is impacting mining stocks, including the apple stock and stock market today. The company's stock has struggled since the start of the fiscal year, with the share price near $11.02 by early February 2026, marking a 7% decline in recent days. Over the past 30 days, losses have reached 27.19%, while the stock is down 20.60% over the last year and 59.26% from its 52-week peak. Technical indicators suggest a short-term downturn, with the Relative Strength Index (RSI) at 38.28, indicating weakening momentum. Despite this, analysts still hold a Buy Rating for CleanSpark, with price targets ranging from $18 to $30. The average target remains at $23. Investors are now anticipating the upcoming earnings report, where the company is expected to post earnings per share (EPS) of $0.09. However, ongoing volatility in Bitcoin and the wider crypto market, including the gold price, is dampening confidence. Many mining stocks are facing similar pressure as digital asset prices fluctuate. CleanSpark's stock has taken a sharp hit, falling to around $8 ahead of its earnings release. While analysts maintain optimism with a Buy Rating, the broader crypto market's instability continues to influence sentiment. The company's next financial update will be closely watched for signs of recovery or further challenges in the stock market.
