CleanSpark, Inc. (CLSK)

NASDAQ: CLSK · Real-Time Price · USD
14.00
-0.12 (-0.85%)
At close: Nov 20, 2024, 4:00 PM
14.55
+0.55 (3.93%)
Pre-market: Nov 21, 2024, 5:14 AM EST
-0.85%
Market Cap 3.61B
Revenue (ttm) 342.21M
Net Income (ttm) -161.90M
Shares Out 258.17M
EPS (ttm) -0.85
PE Ratio n/a
Forward PE 22.17
Dividend n/a
Ex-Dividend Date n/a
Volume 46,416,730
Open 14.56
Previous Close 14.12
Day's Range 13.32 - 14.98
52-Week Range 4.39 - 24.72
Beta 4.19
Analysts Strong Buy
Price Target 21.21 (+51.5%)
Earnings Date Dec 3, 2024

About CLSK

CleanSpark, Inc. operates as a bitcoin miner in the Americas. It owns and operates data centers that primarily run on low-carbon power. Its infrastructure supports Bitcoin, a digital commodity and a tool for financial independence and inclusion. The company was formerly known as Stratean Inc. and changed its name to CleanSpark, Inc. in November 2016. CleanSpark, Inc. was incorporated in 1987 and is headquartered in Henderson, Nevada. [Read more]

Industry Capital Markets
Sector Financials
Founded 1987
Employees 131
Stock Exchange NASDAQ
Ticker Symbol CLSK
Full Company Profile

Financial Performance

In 2023, CleanSpark's revenue was $168.41 million, an increase of 28.04% compared to the previous year's $131.53 million. Losses were -$136.59 million, 136.9% more than in 2022.

Financial Statements

Analyst Forecast

According to 7 analysts, the average rating for CLSK stock is "Strong Buy." The 12-month stock price forecast is $21.21, which is an increase of 51.50% from the latest price.

Price Target
$21.21
(51.50% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

Top 2 crypto mining stocks to buy as analyst forecasts Bitcoin hitting $200,000

Bitcoin has celebrated the return of Donald Trump to the White House in recent weeks and the momentum is unlikely to fade anytime soon, as per BCA Research analyst Dhaval Joshi. Joshi expects BTC to e...

Other symbols: RIOT
3 days ago - Invezz

CleanSpark: A Deep Dive Into Strategic Growth, Geographic Expansion And How To Capitalize On A BTC Mining Opportunity

CleanSpark Inc. (CLSK) demonstrates strong growth in Bitcoin mining, with significant hashrate expansion, energy efficiency, and strategic geographic diversification. CLSK's Bitcoin accumulation strat...

6 days ago - Seeking Alpha

CleanSpark Announces Resumed Trading on Nasdaq of Common Stock

LAS VEGAS , Nov. 11, 2024 /PRNewswire/ -- CleanSpark, Inc. (Nasdaq: CLSK), America's Bitcoin Miner® (the "Company"), today announced that trading of the Company's common stock on Nasdaq has resumed at...

9 days ago - PRNewsWire

CleanSpark Comments on Trading Halt Related to Clerical Warrant Conversion Error

No Change to Company's Business, Operations or Financial Statements LAS VEGAS , Nov. 8, 2024 /PRNewswire/ -- CleanSpark, Inc. (Nasdaq: CLSK), America's Bitcoin Miner® (the "Company"), today addressed ...

12 days ago - PRNewsWire

CleanSpark Releases October 2024 Bitcoin Mining Update

Mines 655 bitcoin, a 32% increase from the prior month Completes acquisition of GRIID Infrastructure Inc. LAS VEGAS , Nov. 4, 2024 /PRNewswire/ -- CleanSpark Inc. (Nasdaq: CLSK), America's Bitcoin Min...

16 days ago - PRNewsWire

The Big 3: AVGO, LULU, CLSK

Charles Moon with @ProsperTradingAcademy sees potential in all of today's Big 3. The question lies in whether investors should make a short-term or long-term investment.

Other symbols: AVGOLULU
19 days ago - Schwab Network

CleanSpark Completes Acquisition of GRIID Infrastructure Inc.

Action comes following approval of merger by GRIID shareholders in October 28th vote CleanSpark expects to grow to over 400 MW of mining capacity in Tennessee  LAS VEGAS , Oct. 31, 2024 /PRNewswire/ -...

20 days ago - PRNewsWire

Top 3 Cryptocurrency Stocks Poised for Major Gains

Investors in the financial markets need to understand that interest rates tend to drive most money shifts and activity in asset classes, especially ones with differing risk profiles. When it comes to ...

Other symbols: COINMSTR
5 weeks ago - Benzinga

CleanSpark Achieves 30 EH/s

Expects to continue growth to 50 EH/s in 2025 LAS VEGAS , Oct. 10, 2024 /PRNewswire/ -- CleanSpark Inc. (Nasdaq: CLSK), America's Bitcoin Miner® (the "Company"), today announced it has achieved 30 EH/...

6 weeks ago - PRNewsWire

CleanSpark Names Chief Accounting Officer

Brian Carson was promoted from his previous role, director of financial reporting LAS VEGAS , Oct. 7, 2024 /PRNewswire/ -- CleanSpark Inc. (Nasdaq: CLSK), America's Bitcoin Miner® (the "Company"), has...

6 weeks ago - PRNewsWire

CleanSpark Reaches 28.7 EH/s in Hashrate

Full operations have been materially restored from Hurricane Helene LAS VEGAS , Oct. 7, 2024 /PRNewswire/ -- CleanSpark Inc. (Nasdaq: CLSK), America's Bitcoin Miner® (the "Company"), today announced n...

6 weeks ago - PRNewsWire

CleanSpark Releases September 2024 Bitcoin Mining Update

Company finishes FY2024 with over 8,000 bitcoin in treasury, reaching 27.6 EH/s in hashrate and 552 MW of operational capacity at wholly-owned sites, increases of 258%, 187% and 132% from FY2023 respe...

6 weeks ago - PRNewsWire

CleanSpark: Extremely Compelling Valuation Drives Bull Case

CleanSpark's stock has broken down significantly, but its valuation and scale in Bitcoin mining present a compelling buying opportunity despite high short interest. CleanSpark's capacity expansion and...

6 weeks ago - Seeking Alpha

CleanSpark Provides Update on Hurricane Helene

Employees and infrastructure are safe LAS VEGAS , Sept. 30, 2024 /PRNewswire/ -- CleanSpark Inc. (Nasdaq: CLSK), America's Bitcoin Miner® (the "Company") today provided comments and updates on the imp...

7 weeks ago - PRNewsWire

GRIID INFRASTRUCTURE INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of GRIID Infrastructure Inc- GRDI

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of GRIID Infrastruc...

7 weeks ago - Business Wire

US-listed crypto stocks jump after bumper rate cut from Fed

U.S.-listed crypto shares jumped on Thursday after a half-percentage point interest rate cut boosted risk appetite, adding to the momentum of an industry that has already secured some big wins this ye...

Other symbols: COINMARAMSTRRIOT
2 months ago - Reuters

CleanSpark Acquires Two Additional Sites in Mississippi and Closes Second Site in Wyoming

LAS VEGAS , Sept. 17, 2024 /PRNewswire/ -- CleanSpark Inc. (Nasdaq: CLSK), America's Bitcoin Miner® (the "Company") today announced it has acquired two Bitcoin mining sites and associated land near Cl...

2 months ago - PRNewsWire

CleanSpark Hashrate Exceeds 26 EH/s

Recent expansions totaling 65 MW of capacity increase Company hashrate by 3.2 EH/s LAS VEGAS , Sept. 12, 2024 /PRNewswire/ -- CleanSpark Inc. (Nasdaq: CLSK), America's Bitcoin Miner® (the "Company") t...

2 months ago - PRNewsWire

CleanSpark to Add 5 EH/s and Increase 2024 Guidance With Acquisition of Seven Additional Bitcoin Mining Facilities in Tennessee

Expected to add over 85 MW of immediately available capacity LAS VEGAS , Sept. 11, 2024 /PRNewswire/ -- CleanSpark Inc. (Nasdaq: CLSK), America's Bitcoin Miner® (the "Company") today announced it has ...

2 months ago - PRNewsWire

Crypto stocks stage comeback

MacKenzie Sigalos joins CNBC's 'Squawk on the Street' to report on the latest details from the crypto sector.

Other symbols: COINMARASQ
2 months ago - CNBC Television

CleanSpark Nears Death Cross As Bitcoin Production Slows: More Pain Ahead?

Cleanspark Inc. CLSK, a well-known Bitcoin BTC/USD miner, has had a roller coaster of a year. While the stock is still up 87% over the last year, it's taken a sharp nosedive recently — down 22.1% year...

2 months ago - Benzinga

CleanSpark Releases August 2024 Bitcoin Mining Update

Mined 478 bitcoin and increased total operating hashrate by 1.4 EH/s during August 65 MW of data center capacity expected to come online in September LAS VEGAS , Sept. 3, 2024 /PRNewswire/ -- CleanSpa...

2 months ago - PRNewsWire

Iris Energy Joins CleanSpark, Marathon, Riot In Race For Bitcoin Mining Capacity Milestone By 2025: JPMorgan

Iris Energy IREN is charging ahead in the Bitcoin BTC/USD mining arena, setting its sights on a substantial leap in computational power.

Other symbols: IREN
2 months ago - Benzinga

Bitcoin Halving Squeezes Miners, But Marathon, CleanSpark Stand Out: JPMorgan

Bitcoin miners faced a challenging second quarter of 2024, navigating the fourth Bitcoin BTC/USD halving event that slashed their daily coin yields in half.

3 months ago - Benzinga

Eli Lilly To Rally Around 15%? Here Are 10 Top Analyst Forecasts For Monday

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page.

Other symbols: LLYCARGHHIHOODPCTPLUG
3 months ago - Benzinga