CleanSpark's stock plunges 19% ahead of critical Q1 earnings report
CleanSpark Inc. faces a turbulent period as its stock price tumbles ahead of its fiscal Q1 2026 earnings report. Shares have plunged more than 19% in recent trading, reflecting broader instability in the cryptocurrency market. Investors are now watching closely to see if the company's performance will meet expectations amid ongoing volatility in the stock market today.
The company's stock has struggled since the start of the fiscal year on September 1, 2025. As of February 5, 2026, shares were trading at around $8.26, marking a steep decline from earlier highs. Over the past year, the apple stock has dropped by 20.60%, with a 30-day loss of 27.19% and a recent daily fall of 19%. At publication, shares were down 19.13%, hovering near $8.
Technical indicators paint a cautious picture. The stock sits 25.9% below its 20-day simple moving average (SMA) and 34.9% below its 100-day SMA, signalling a short-term downturn in the stock market. The Relative Strength Index (RSI) stands at 38.28, placing it in neutral territory, while the Moving Average Convergence Divergence (MACD) remains below its signal line, reinforcing a bearish trend.
Despite the current slump, analysts maintain a largely optimistic long-term view. Firms like Keefe, Bruyette & Woods, Maxim Group, and Chardan Capital have kept a Buy rating on the stock, with price targets ranging from $18 to $30. However, Bitcoin's volatility continues to weigh on CleanSpark and other mining stocks, creating uncertainty for investors in the stock market.
The company's expected earnings per share (EPS) for the quarter is $0.09. Yet, with crypto market turbulence persisting, many are preparing for potential disappointment when the results are released.
CleanSpark's stock performance remains under pressure due to broader crypto market instability. While analysts still see long-term potential, the immediate outlook is clouded by technical weakness and falling share prices in the stock market. The upcoming earnings report will be critical in determining whether the company can regain investor confidence in a challenging sector.
