Filing Risk Score
100A
Regulatory filing quality and event signal from SEC disclosures
Key inputs: Proposed Insider Sale · Proposed Insider Sale
Bitcoin miner
CleanSpark
$CLSKBitcoin miner where fleet growth, power strategy, production efficiency, and BTC holdings drive results.
TechnologyBitcoin miningBitcoin mining operations
Signal summary
Sawse research signals
Scores summarize filing, market, ownership, and exposure records for research prioritization.
BTC Exposure Score
80A
Degree of Bitcoin exposure relative to entity type
Key inputs: Bitcoin mining operations
Insider Activity Signal
50C
Net insider buying/selling pattern and cluster activity
Key inputs: 5 insider transaction clusters · 20 Form 4 transactions
Event Momentum Score
100A
Directional signal from recent SEC event categorizations
Key inputs: 10 recent SEC filings · 6 fresh source updates
Quote & Trading
Delayed quote
$16.17
+$0 (0.00%)
Session timestamp: Jun 12, 2026, 3:00 PM
- Range
- 1M
- Start
- $13.47
- Latest
- $16.17
- Latest date
- Jun 11, 2026
Fundamentals
Showing the latest source-confirmed income statement values. The bar scale compares magnitude within this statement only; it is not a trend line and does not indicate positive or negative quality.
3 metrics · latest period Sep 30, 2025. 2 metrics include a prior-period comparison.
Revenue
766.31M USD
Net income
-757.05M USD
Operating income
-662.23M USD
| Metric | Value | Period | Prior | Change |
|---|---|---|---|---|
| Revenue | 766.31M USD | Sep 30, 2025 | — | — |
| Net income | -757.05M USD | Mar 31, 2026 | -378.71M USD | -378.34M USD (-99.9%) |
| Operating income | -662.23M USD | Mar 31, 2026 | -316.55M USD | -345.68M USD (-109.2%) |
Revenue
Sep 30, 2025
- Value
- 766.31M USD
- Change
- —
- Prior
- —
Net income
Mar 31, 2026
- Value
- -757.05M USD
- Change
- -378.34M USD (-99.9%)
- Prior
- -378.71M USD
Operating income
Mar 31, 2026
- Value
- -662.23M USD
- Change
- -345.68M USD (-109.2%)
- Prior
- -316.55M USD
SEC Filings
Risk Factor Watch
20 source-confirmed changes detected
Compared 10-K 2025-11-25 with 10-K 2024-12-03.
8 Added4 Changed8 Removed
New / expanded language
15 Risks Related to Our Business Our future success is difficult to predict because we operate in emerging and evolving industries that are subject to volatile and unpredictable cycles.
The markets in which we participate are highly competitive, and as we enter new markets, we are competing against companies with greater resources and capitalization.
As we enter the HPC and AI services market, we face significant competition, which may adversely affect the occupancy and rental rates of our data centers.
Materially changed
Any of the foregoing could have a material adverse effect on our business, prospects, financial condition and operating results.
Our ability to achieve profitability is currently dependent on the price of bitcoin, which has historically been volatile.
Our limited operating history makes it difficult to evaluate our business and predict our future results of operations.
8 removed risk-factor candidates
The markets in which we participate are highly competitive, and we may be unable to successfully compete.
Matthew Schultz, our Chief Operating Officer, Scott Garrison, our Chief Technology Officer, Taylor Monnig, and our Chief Accounting Officer, Brian Carson — who are responsible for our management functions and are responsible for strategic development, financing and other critical functions.
Such risks are similar to the risks of purchasing commodities in generally uncertain times, such as the risk of purchasing, holding or selling gold.
Alternatively, global crises and economic downturns may discourage investment in bitcoin and digital assets in general as investors shift their investments towards less volatile asset classes.
Source-extracted Item 1A comparison.
May 14, 2026View on SEC
May 14, 2026View on SEC
May 14, 2026View on SEC
May 14, 2026View on SEC
May 14, 2026View on SEC
Insider Activity
Form 4 context
Recent insider transaction activity
The 30, 90, and 365 day windows are measured backward from the newest Form 4 row loaded for this ticker. “Acquired” and “Disposed” are the Form 4 share-direction fields; they are not a Sawse conclusion about insider intent.
A cluster groups related Form 4 rows with the same transaction direction and code inside a weekly date window. Sawse flags a group as a cluster when it has multiple rows, multiple reporting owners, or at least 100,000 reported shares.
Loaded Form 4 rows20
90-day net activity-11,066Net disposed
90-day net value-$154.71KFrom 20 priced rows
Detected clusters5
Last 30 days
- Rows
- 12
- Acquired
- 25,343
- Disposed
- 36,409
- Net shares
- -11,066
- Net value
- -$154.71K
Last 90 days
- Rows
- 20
- Acquired
- 54,755
- Disposed
- 65,821
- Net shares
- -11,066
- Net value
- -$154.71K
Last 365 days
- Rows
- 20
- Acquired
- 54,755
- Disposed
- 65,821
- Net shares
- -11,066
- Net value
- -$154.71K
Cluster filter
Use clusters to inspect grouped Form 4 activity without scrolling through the full table.
Unclustered single rows remain in the table when All groups is selected.
20 transaction rows match the active filters; 12 rows are shown.
| Insider | Role | Group | Direction | Shares | Dollar value | Date |
|---|---|---|---|---|---|---|
| Vecchiarelli Gary Anthony | President, CFO, officer | Cluster 1 | Disposed | 632 | $8.84K | May 14, 2026 |
| Garrison Scott Eugene | EVP, Chief Development Officer, officer | Cluster 1 | Disposed | 1,192 | $16.66K | May 14, 2026 |
| Schultz S. Matthew | CEO & Chairman, director, officer | Cluster 1 | Disposed | 9,031 | $126.26K | May 14, 2026 |
| Monnig Taylor | CTO, COO, officer | Cluster 1 | Disposed | 211 | $2.95K | May 14, 2026 |
| Schultz S. Matthew | CEO & Chairman, director, officer | Cluster 2 | Disposed | 20,525 | $0 | May 13, 2026 |
| Monnig Taylor | CTO, COO, officer | Cluster 2 | Disposed | 535 | $0 | May 13, 2026 |
| Monnig Taylor | CTO, COO, officer | Cluster 3 | Acquired | 535 | $0 | May 13, 2026 |
| Garrison Scott Eugene | EVP, Chief Development Officer, officer | Cluster 2 | Disposed | 2,677 | $0 | May 13, 2026 |
| Vecchiarelli Gary Anthony | President, CFO, officer | Cluster 2 | Disposed | 1,606 | $0 | May 13, 2026 |
| Schultz S. Matthew | CEO & Chairman, director, officer | Cluster 3 | Acquired | 20,525 | $0 | May 13, 2026 |
| Vecchiarelli Gary Anthony | President, CFO, officer | Cluster 3 | Acquired | 1,606 | $0 | May 13, 2026 |
| Garrison Scott Eugene | EVP, Chief Development Officer, officer | Cluster 3 | Acquired | 2,677 | $0 | May 13, 2026 |
Vecchiarelli Gary Anthony
President, CFO, officer
Cluster 1
- Direction
- Disposed
- Shares
- 632
- Dollar value
- $8.84K
- Date
- May 14, 2026
Garrison Scott Eugene
EVP, Chief Development Officer, officer
Cluster 1
- Direction
- Disposed
- Shares
- 1,192
- Dollar value
- $16.66K
- Date
- May 14, 2026
Schultz S. Matthew
CEO & Chairman, director, officer
Cluster 1
- Direction
- Disposed
- Shares
- 9,031
- Dollar value
- $126.26K
- Date
- May 14, 2026
Monnig Taylor
CTO, COO, officer
Cluster 1
- Direction
- Disposed
- Shares
- 211
- Dollar value
- $2.95K
- Date
- May 14, 2026
Schultz S. Matthew
CEO & Chairman, director, officer
Cluster 2
- Direction
- Disposed
- Shares
- 20,525
- Dollar value
- $0
- Date
- May 13, 2026
Monnig Taylor
CTO, COO, officer
Cluster 2
- Direction
- Disposed
- Shares
- 535
- Dollar value
- $0
- Date
- May 13, 2026
Monnig Taylor
CTO, COO, officer
Cluster 3
- Direction
- Acquired
- Shares
- 535
- Dollar value
- $0
- Date
- May 13, 2026
Garrison Scott Eugene
EVP, Chief Development Officer, officer
Cluster 2
- Direction
- Disposed
- Shares
- 2,677
- Dollar value
- $0
- Date
- May 13, 2026
Vecchiarelli Gary Anthony
President, CFO, officer
Cluster 2
- Direction
- Disposed
- Shares
- 1,606
- Dollar value
- $0
- Date
- May 13, 2026
Schultz S. Matthew
CEO & Chairman, director, officer
Cluster 3
- Direction
- Acquired
- Shares
- 20,525
- Dollar value
- $0
- Date
- May 13, 2026
Vecchiarelli Gary Anthony
President, CFO, officer
Cluster 3
- Direction
- Acquired
- Shares
- 1,606
- Dollar value
- $0
- Date
- May 13, 2026
Garrison Scott Eugene
EVP, Chief Development Officer, officer
Cluster 3
- Direction
- Acquired
- Shares
- 2,677
- Dollar value
- $0
- Date
- May 13, 2026
Institutional Ownership
This is a partial 13F manager view, not a full shareholder register. Concentration percentages describe the manager positions currently loaded in this table. The shares-outstanding percentage divides each manager's reported shares by the latest public share-count record when available.
Observed 13F managers8
Loaded filings
Largest loaded manager0.5%
Of loaded 13F shares
Top 10 loaded share—
Only 8 loaded
Top 25 loaded share—
Only 8 loaded
Rows with movement8
Position or value
Source: SEC 13F filings. 13F reports can arrive up to 45 days after quarter end and do not represent every shareholder. Position change is the reported share-count change versus the prior available filing. Value change is the reported market-value change and can move even when the share count is unchanged.
| Manager | Period | Shares | % Shares out. | Value | Movement |
|---|---|---|---|---|---|
| AQR Capital Management, LLCLarge position move | Mar 2026 | 429 | 0.00% | $3.65M | Position+259Value+$1.93M |
| AQR Capital Management, LLCLarge position move | Mar 2026 | 16 | 0.00% | $136K | Position-154Value-$1.58M |
| AQR Capital Management, LLCLarge position move | Mar 2026 | 2 | 0.00% | $17K | Position-168Value-$1.7M |
| AQR Capital Management, LLCLarge position move | Mar 2026 | 134 | 0.00% | $1.14M | Position-36Value-$580K |
| AQR Capital Management, LLCPosition and value moved | Mar 2026 | 6.7K | 0.00% | $57.02M | Position+6.53KValue+$55.3M |
| AQR Capital Management, LLCLarge position move | Mar 2026 | 38 | 0.00% | $323K | Position-132Value-$1.4M |
| AQR Capital Management, LLCLarge position move | Mar 2026 | 218 | 0.00% | $1.85M | Position+48Value+$135K |
| AQR Capital Management, LLCPosition and value moved | Mar 2026 | 86.39K | 0.03% | $735.14M | Position+86.22KValue+$733.42M |
AQR Capital Management, LLCLarge position move
Mar 2026
- Shares
- 429
- % Shares out.
- 0.00%
- Value
- $3.65M
- Movement
- Position+259Value+$1.93M
AQR Capital Management, LLCLarge position move
Mar 2026
- Shares
- 16
- % Shares out.
- 0.00%
- Value
- $136K
- Movement
- Position-154Value-$1.58M
AQR Capital Management, LLCLarge position move
Mar 2026
- Shares
- 2
- % Shares out.
- 0.00%
- Value
- $17K
- Movement
- Position-168Value-$1.7M
AQR Capital Management, LLCLarge position move
Mar 2026
- Shares
- 134
- % Shares out.
- 0.00%
- Value
- $1.14M
- Movement
- Position-36Value-$580K
AQR Capital Management, LLCPosition and value moved
Mar 2026
- Shares
- 6.7K
- % Shares out.
- 0.00%
- Value
- $57.02M
- Movement
- Position+6.53KValue+$55.3M
AQR Capital Management, LLCLarge position move
Mar 2026
- Shares
- 38
- % Shares out.
- 0.00%
- Value
- $323K
- Movement
- Position-132Value-$1.4M
AQR Capital Management, LLCLarge position move
Mar 2026
- Shares
- 218
- % Shares out.
- 0.00%
- Value
- $1.85M
- Movement
- Position+48Value+$135K
AQR Capital Management, LLCPosition and value moved
Mar 2026
- Shares
- 86.39K
- % Shares out.
- 0.03%
- Value
- $735.14M
- Movement
- Position+86.22KValue+$733.42M
Crypto Context
Bitcoin mining operations
CLSK crypto exposure readout
Latest filing10-Q · May 11, 2026
Filed Bitcoin value$813.22MFiling reference: Mar 31, 2026
Filed BTC price$68,222 / BTCFiling reference: Mar 31, 2026
Installed hashrate47.3 EH/s10-Q filed May 10, 2026
BTC produced128 BTC10-Q filed Feb 4, 2026
BTC held8.9K BTC10-Q filed May 10, 2026
Mining cost per BTC$55.1K10-Q filed May 10, 2026
CLSK's crypto exposure should be read alongside its equity valuation, financing choices, dilution risk, taxes, and operating business.
Editorial Coverage
Peer Comparison
| Ticker | Category | Latest revenue | Filing Risk0-100 | BTC Exposure0-100 | Insider Signal0-100 | Event Momentum0-100 |
|---|---|---|---|---|---|---|
| $CLSKCleanSpark | Bitcoin miner | 766.31M | 100 | 80 | 50 | 100 |
| $MARAMARA Holdings | Bitcoin miner | 174.61M | 100 | 80 | 30 | 100 |
| $RIOTRiot Platforms | Bitcoin miner | 167.22M | 100 | 80 | 25 | 100 |
| $IRENIREN | Bitcoin miner | 501.02M | 100 | 80 | 50 | 100 |
| $HUTHUT | Bitcoin miner | 71.02M | 84 | 80 | 47 | 100 |
| $BITFBITF | Bitcoin miner | 36.99M | 100 | 80 | 100 | 100 |
| $WULFWULF | Bitcoin miner | 34.01M | 100 | 80 | 0 | 100 |
| $CORZCORZ | Bitcoin miner | 115.24M | 96 | 80 | 53 | 100 |
$CLSKCleanSpark
Bitcoin miner
766.31M
- Filing Risk
- 100
- BTC Exposure
- 80
- Insider Signal
- 50
- Event Momentum
- 100
$MARAMARA Holdings
Bitcoin miner
174.61M
- Filing Risk
- 100
- BTC Exposure
- 80
- Insider Signal
- 30
- Event Momentum
- 100
$RIOTRiot Platforms
Bitcoin miner
167.22M
- Filing Risk
- 100
- BTC Exposure
- 80
- Insider Signal
- 25
- Event Momentum
- 100
$IRENIREN
Bitcoin miner
501.02M
- Filing Risk
- 100
- BTC Exposure
- 80
- Insider Signal
- 50
- Event Momentum
- 100
$HUTHUT
Bitcoin miner
71.02M
- Filing Risk
- 84
- BTC Exposure
- 80
- Insider Signal
- 47
- Event Momentum
- 100
$BITFBITF
Bitcoin miner
36.99M
- Filing Risk
- 100
- BTC Exposure
- 80
- Insider Signal
- 100
- Event Momentum
- 100
$WULFWULF
Bitcoin miner
34.01M
- Filing Risk
- 100
- BTC Exposure
- 80
- Insider Signal
- 0
- Event Momentum
- 100
$CORZCORZ
Bitcoin miner
115.24M
- Filing Risk
- 96
- BTC Exposure
- 80
- Insider Signal
- 53
- Event Momentum
- 100
- Filing Risk
- Measures the intensity of SEC filing patterns.
- BTC Exposure
- Measures direct and operating exposure to bitcoin.
- Insider Signal
- Measures unusual Form 4 activity patterns.
- Event Momentum
- Measures recent material disclosure activity.
Scores run 0-100: higher means a stronger signal for that dimension, not a buy/sell rating. Market cap, YTD return, and P/E appear when quote history and share-count data are complete.