CleanSpark (CLSK) Reports June Bitcoin Output, Is The 42% Undervalued View Still Credible?

CleanSpark (CLSK) recently reported unaudited June 2026 operating results, highlighting monthly Bitcoin production of 614 and giving investors fresh data on how the mining business is performing ahead of the next earnings release. See our latest analysis for CleanSpark. CleanSpark’s recent June production update landed against a weaker share price backdrop, with the stock down 25% on a 30 day share price return, yet still showing a positive 90 day share price return of 9.67% and a three year...

Find winning stocks in any market cycle. Join 7 million investors using Simply Wall St's investing ideas for FREE. CleanSpark (CLSK) recently reported unaudited June 2026 operating results, highlighting monthly Bitcoin production of 614 and giving investors fresh data on how the mining business is performing ahead of the next earnings release.

CleanSpark's recent June production update landed against a weaker share price backdrop, with the stock down 25% on a 30 day share price return, yet still showing a positive 90 day share price return of 9.67% and a three year total shareholder return of 80.97%. This suggests longer term investors have experienced a very different journey than those focused on the latest pullback. If you are weighing up CleanSpark's latest move and want to see what else is moving around crypto related infrastructure, it could be a good time to scan 19 cryptocurrency and blockchain stocks After a sharp 30 day pullback but a still positive three year return, the question around CleanSpark now shifts to pricing: has the recent slide set up more potential upside ahead, or was most of the opportunity already captured earlier?

Most Popular Narrative: 42% Undervalued Compared with CleanSpark's last close of $12.36, the most followed narrative points to a fair value of about $21.12. This frames the current pullback as a sizable discount built on specific growth and profitability assumptions rather than short term sentiment. The analysts have a consensus price target of $21.12 for CleanSpark based on their expectations of its future earnings growth, profit margins and other risk factors.

However, there is a degree of disagreement amongst analysts, with the most bullish reporting a price target of $27.0, and the most bearish reporting a price target of just $16.0. Read the complete narrative. Read the complete narrative.

Want to understand why some analysts think CleanSpark can support a much higher valuation? The narrative focuses on projected revenue expansion, margin repair, and a richer future earnings multiple. Curious which assumptions need to hold for that fair value to make sense?

The full story sets out the path in detail. Result: Fair Value of $21.12 (UNDERVALUED) However, this CleanSpark narrative still carries clear risks, including heavy dependence on Bitcoin prices and the need for successful execution of the high performance compute pivot without major contract setbacks.