CleanSpark (CLSK) Reports June Bitcoin Output, Is It Still 41% Below Fair Value?

June Production Update Puts CleanSpark’s Bitcoin Output in Focus

CleanSpark (CLSK) drew investor attention after reporting unaudited June 2026 operating results, including production of 614 bitcoin and an update on its holdings and Sandersville facility progress.

The company closed June with 13,924 bitcoin in its treasury, compared with 13,470 at the end of May, reflecting activity from mining and derivative linked trading during a month of market volatility.

See our latest analysis for CleanSpark.

CleanSpark’s update landed after a sharp pullback, with the share price down 19.95% over the past month but still showing a 26.32% 90 day share price return and a 94.39% three year total shareholder return. This suggests that longer term momentum has not completely faded.

If the recent volatility in bitcoin miners has you reassessing your options, this could be a useful moment to see what else is moving in related areas and check out 20 cryptocurrency and blockchain stocks.

CleanSpark’s share price has slipped while analyst targets sit much higher, leaving a wide gap between the current US$12.48 level and the US$21.12 consensus. Where does a reasonable view of fair value actually fall?

Most Popular Narrative: 40.9% Undervalued

Analysts following CleanSpark see fair value around $21.12 per share versus the last close at $12.48, and they link that gap to changing economics for high performance compute capacity and Bitcoin driven cash flows.

CleanSpark’s fully self-operated, scalable, and power-efficient infrastructure enables it to mine Bitcoin at a significantly lower cost than the market price, with further capacity expansion (additional 10 exahash and over 200 megawatts of contracted power ready for rapid deployment) poised to drive sustained increases in Bitcoin production, improving revenue and supporting higher net margins.

Read the complete narrative. Read the complete narrative.

Want to understand why this fair value sits so far above the current share price? The narrative leans on steady revenue gains, margin repair, and a richer future earnings multiple tied to that high performance compute pivot. Curious which specific growth and profitability assumptions have to line up to support that $21.12 figure and keep the story intact?

Result: Fair Value of $21.12 (UNDERVALUED)

Have a read of the narrative in full and understand what’s behind the forecasts.

However, that story for CleanSpark could be challenged if Bitcoin enters a prolonged weak patch or if high performance compute contracts are slower to materialize.

Find out about the key risks to this CleanSpark narrative.

Next Steps

With all this in mind, do you feel the CleanSpark story looks compelling or concerning, and are you ready to act on fresh information? Take a moment to review the issues investors are watching and weigh those alongside your own thesis through these 2 important warning signs, starting with the 2 important warning signs.

Looking For More Investment Ideas Beyond CleanSpark?

If CleanSpark has you thinking more broadly about where to put fresh capital to work, do not stop here; there are other opportunities worth lining up.

This article by Simply Wall St is general in nature. We provide commentary based on historical data
and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your
financial situation. We aim to bring you long-term focused analysis driven by fundamental data.
Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.
Simply Wall St has no position in any stocks mentioned.

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