CleanSpark slides today: Key reasons behind the decline

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Cleanspark slides 3.16% to $9.51 today

Highlights

CleanSpark reported a Q1 net loss of $378.71 million for the period ended December 31, 2025, reversing from net income a year earlier due to lower bitcoin prices and operational uncertainty.
Tradr ETFs launched the CLSZ (2x short) ETF on CleanSpark on February 19, 2026, offering expanded leveraged trading strategies for market participants.
CLSK trades at $9.51, below all major moving averages, with bearish momentum dominant and immediate resistance at the Ichimoku Kijun of $11.35.

Earnings swing and leveraged ETF launch drive sentiment shift

CleanSpark reported a net loss of $378.71 million for the first quarter ended December 31, 2025, reversing from net income of $246.79 million a year earlier. The company attributed the earnings swing to lower bitcoin prices and operational uncertainty. On February 19, 2026, Tradr ETFs launched the CLSZ (2x short) ETF on CleanSpark, expanding traders’ options with leveraged long and short strategies.

Anton Kharitonov, expert at Traders Union, sees CleanSpark in a technically fragile state. He notes the price trades well below all major moving averages and highlights defined bearish momentum across indicators. The deep net loss and introduction of a 2x short ETF further weaken sentiment, emphasizing operational uncertainty. Kharitonov believes sellers dominate price action, and short-term support is unconvincing in the current setup. He states, "Sustained weakness and poor fundamentals leave CleanSpark exposed to further downside in both momentum and sentiment."

Viktoras Karapetjanc, expert at Traders Union, views recent CleanSpark volatility as an active opportunity for traders. He finds the ETF launch a sign of growing market interest and sees scope for dynamic, leveraged trading strategies. Despite recent losses, the analyst notes that sideways action and technical reversals remain possible if the price holds above support. Karapetjanc remains confident that, "Market developments like the new ETF offer traders multiple setups and the chance to capitalize as long as volatility persists."

Bearish momentum persists as indicators diverge on direction

MACD and ADX on the daily chart signal weak and bearish momentum, with the MACD’s negative reading reinforced by similar weakness on the weekly chart. RSI and CCI both point to further downside, but Stoch RSI shows sharply overbought conditions. The Bull/Bear Power indicator suggests sellers control the intraday action, consistent with a daily drop of 3.16% and the price now trading close to the session’s low. There was almost no gap between the previous close ($9.82) and today’s open ($9.73). Today’s trading has seen moderate volatility, and the tone remains under pressure after the open. Diverging signals from oscillators highlight uncertainty, but overall, bearish momentum remains dominant so far.

Previously it was reported that CleanSpark Inc. remained under pressure as shares traded well below key moving averages, with technical indicators such as MACD, RSI, and CCI maintaining bearish readings while the stock attempted a modest rebound from oversold levels. Despite intraday buying and the Stoch RSI turning positive, overall trend and medium-term momentum remain weak amid persistent selling and lack of strong directional signals.

Source of Data: CLSK Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

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