CLSK, US18452B2097

Cantor cuts target to USD 19.00 for CleanSpark stock

Published on 10/20/2026 at 22:00 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

CleanSpark reported USD 138.00 million revenue in Q3 2026, up 1.00 percent sequentially. CleanSpark stock costs EUR 7.59 on October 20, 2026 at 9:52 p.m. CEST.

Target cut and operating figures

Cantor Fitzgerald lowered its CleanSpark target from USD 26.00 to USD 19.00 on October 16, 2026.
Third-quarter 2026 revenue rose 1.00 percent sequentially to USD 138.00 million.
CleanSpark stock was trading at EUR 7.59 at Lang & Schwarz on October 20, 2026 at 9:52 p.m. CEST.
Market capitalization stood at USD 2.2 billion on October 20, 2026.

CLSK, US18452B2097, Illustration mit AI erstellt.

CleanSpark, Inc. (ISIN US18452B2097) became the subject of a lower analyst valuation after Cantor Fitzgerald cut its price target from USD 26.00 to USD 19.00 while keeping an Overweight rating on October 16, 2026, according to MarketBeat. CleanSpark stock was trading at EUR 7.59 at Lang & Schwarz on October 20, 2026 at 9:52 p.m. CEST.

Revenue edged higher sequentially

CleanSpark reported USD 138.00 million of revenue for the third quarter of fiscal 2026, a 1.00 percent increase from the preceding quarter, while gross margin was 38.00 percent. The company recorded a GAAP net loss of USD 240.00 million, compared with a USD 378.00 million loss in the second quarter, according to Benzinga. The loss included an unfavorable USD 133.00 million mark-to-market adjustment on bitcoin holdings.

Stock sits near its yearly low

The Nasdaq quote was USD 8.43 at 7:59 p.m. UTC on October 20, 2026, with a 52-week range of USD 8.00 to USD 20.87 and volume of 14,990,596 shares. The current USD price was 5.38 percent above the yearly low, calculated from the USD 8.00 low and USD 8.43 quote. The euro quotation gives German investors a separate market view at EUR 7.59.

Target remains above the quote

Cantor Fitzgerald's USD 19.00 target stood 125.45 percent above the USD 8.43 Nasdaq quote on October 20, 2026, using the same-currency prices. The cut from USD 26.00 represents a 26.92 percent reduction. MarketBeat also reported a consensus target of USD 23.35 from sixteen analysts on October 16, 2026, but that broader figure is not used as the headline event.

Operating model is broadening

CleanSpark describes itself as a Nasdaq-listed data center developer combining Bitcoin infrastructure, energy assets and computing capacity, according to CleanSpark. Its third-quarter call said the company had USD 917.00 million of liquidity as of June 30, 2026, including about USD 200.00 million in cash and nearly 14,000 bitcoin. The next reported period is expected to be the fourth quarter of fiscal 2026, with the company also presenting its data-center strategy through investor materials.

What the figures mean

The numbers leave investors weighing two different profiles. Quarterly revenue improved 1.00 percent sequentially, but the USD 240.00 million GAAP loss and the stock's position only 5.38 percent above its yearly low keep execution and capital allocation central to the valuation discussion.

Stock and company facts

CleanSpark was trading at EUR 7.59 at Lang & Schwarz on October 20, 2026 at 9:52 p.m. CEST. Its Nasdaq quote was USD 8.43 on October 20, 2026 at 7:59 p.m. UTC, and its market capitalization was USD 2.2 billion on that date. The further course of trading is shown by the continuously updated real-time quote of CleanSpark stock.