CleanSpark, Inc. (CLSK)

NASDAQ: CLSK · IEX Real-Time Price · USD
16.93
-0.99 (-5.52%)
At close: Jul 2, 2024, 4:00 PM
17.12
+0.19 (1.12%)
After-hours: Jul 2, 2024, 7:59 PM EDT
-5.52%
Market Cap 3.86B
Revenue (ttm) 283.63M
Net Income (ttm) 60.13M
Shares Out 227.87M
EPS (ttm) -0.02
PE Ratio n/a
Forward PE n/a
Dividend n/a
Ex-Dividend Date n/a
Volume 26,334,743
Open 17.94
Previous Close 17.92
Day's Range 16.92 - 18.14
52-Week Range 3.38 - 24.72
Beta 4.12
Analysts Strong Buy
Price Target 19.97 (+17.96%)
Earnings Date Aug 7, 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
CEO Zachary K. Bradford
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 $19.97, which is an increase of 17.96% from the latest price.

Price Target
$19.97
(17.96% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

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...

Other symbols: GRDI
6 hours ago - Business Wire

CleanSpark Releases June 2024 Bitcoin Mining Update

Company mined 445 bitcoin; Exceeds 20 EH/s, doubling operating hashrate since December LAS VEGAS , July 2, 2024 /PRNewswire/ -- CleanSpark Inc. (Nasdaq: CLSK), America's Bitcoin Miner™, today released...

Other symbols: GRDI
14 hours ago - PRNewsWire

ALERT: Rowley Law PLLC is Investigating Proposed Acquisition of GRIID Infrastructure Inc.

NEW YORK , June 27, 2024 /PRNewswire/ -- Rowley Law PLLC is investigating potential securities law violations by GRIID Infrastructure Inc. (NASDAQ: GRDI) and its board of directors concerning the prop...

Other symbols: GRDI
5 days ago - PRNewsWire

Bitcoin miner CleanSpark to acquire GRIID in a $155M all-stock deal

In a strategic move to bolster its infrastructure and expand its capacity, Bitcoin miner CleanSpark Inc. (NASDAQ: CLSK) has announced that it will acquire GRIID Infrastructure Inc. (NASDAQ: GRDI) in a...

5 days ago - Invezz

CleanSpark Announces Agreement to Acquire GRIID Infrastructure Based on an enterprise value of $155 Million and Expansion Plans of over 400 MW in Tennessee

As a result of the transaction Cleanspark expects to add over 400 MW in Tennessee over the next 2 years CleanSpark's total announced, planned, and owned capacity now sits at over 1 GW of premium infra...

Other symbols: GRDI
5 days ago - PRNewsWire

MARA, CLSK, RIOT stocks at risk as Bitcoin forms a risky pattern

Bitcoin mining stocks are under intense pressure as the BTC price continues its remarkable collapse. Marathon Digital (MARA) stock price dropped by more than 2.7% on Monday while Riot Platforms (RIOT)...

Other symbols: MARARIOT
7 days ago - Invezz

CleanSpark Announces Acquisition of Five New Bitcoin Mining Facilities in Georgia, Adding 60 MW of Infrastructure

The newest additions to the CleanSpark portfolio represent the leading edge of nearly 1 GW of new opportunities currently being analyzed Acquisitions are expected to increase Company's operating hashr...

14 days ago - PRNewsWire

CleanSpark Releases May 2024 Bitcoin Mining Update

Company mined 417 bitcoin; total bitcoin holdings now at 6,154 LAS VEGAS , June 4, 2024 /PRNewswire/ -- CleanSpark Inc. (Nasdaq: CLSK), America's Bitcoin Miner™, today released its unaudited bitcoin m...

4 weeks ago - PRNewsWire

Should you buy CleanSpark's stock instead of Bitcoin?

In the realm of cryptocurrency investments, CleanSpark Inc (NASDAQ:CLSK) has emerged as a compelling contender. Specializing in Bitcoin mining across the Americas, CleanSpark distinguishes itself by o...

5 weeks ago - Invezz

Crypto Corner: COIN, CLSK & "Mr. Wonderful"

Kevin Green details some significant technical levels to watch for Bitcoin, and recaps some moves in Coinbase (COIN) and Cleanspark (CLSK). #investing #crypto #cryptocurrency #bitcoin #bitcoinmining #...

Other symbols: COIN
7 weeks ago - Schwab Network

Crypto miner CleanSpark expands with acquisition of two Wyoming locations: CNBC Crypto World

CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and un...

7 weeks ago - CNBC Television

CleanSpark to Acquire 75 MW of Bitcoin Mining Sites in Wyoming for $18.75 Million

The agreement includes the potential to expand the sites by an additional 55 MW Wyoming now third state in Company's portfolio of owned-and-operated bitcoin mining facilities LAS VEGAS , May 9, 2024 /...

7 weeks ago - PRNewsWire

CleanSpark Reports Second Quarter FY2024 Financial Results

FY2024 Second Quarter Revenue of $111.8 million, net income of $126.7 million and Adjusted EBITDA of $181.8 million Revenue grows 163% YoY  Current hashrate surpasses 17 EH/s  LAS VEGAS , May 9, 2024 ...

7 weeks ago - PRNewsWire

CleanSpark Names Chief Operating Officer and Chief Technology Officer

Scott Garrison and Taylor Monnig promoted to new C-suite positions LAS VEGAS , May 8, 2024 /PRNewswire/ -- CleanSpark Inc. (Nasdaq: CLSK), America's Bitcoin Miner™, today announced the appointments of...

7 weeks ago - PRNewsWire

CleanSpark Releases April 2024 Bitcoin Mining Update

Company exceeds 17 EH/s; mines 721 bitcoin with a record daily high of over 48 bitcoin LAS VEGAS , May 2, 2024 /PRNewswire/ -- CleanSpark Inc. (Nasdaq: CLSK), America's Bitcoin Miner™, today released ...

2 months ago - PRNewsWire

CleanSpark Executives to Discuss Fiscal Second Quarter 2024 Financial Results

LAS VEGAS , April 24, 2024 /PRNewswire/ -- CleanSpark Inc. (Nasdaq: CLSK), America's Bitcoin Miner™, will discuss its fiscal second quarter 2024 financial results via a live webcast beginning at 4:30 ...

2 months ago - PRNewsWire

Bitcoin halving 2024: here's what it may mean for CleanSpark

Rewards associated with mining Bitcoin are expected to halve in the coming days. Ahead of it, CleanSpark Inc (NASDAQ: CLSK) is down close to 30% versus its year-to-date high.

2 months ago - Invezz

CleanSpark Exceeds 17 EH/s, Exercises and Upgrades Previously Announced Option for 100,000 Bitcoin Mining Machines

Company negotiates option upgrade to new S21 Pros, increasing the total purchased hashrate by 17%, to 23.4 EH/s The Company reached its new hashrate high as its recently acquired data center in Dalton...

2 months ago - PRNewsWire

CleanSpark Releases March 2024 Bitcoin Mining Update

The Company mined 806 bitcoin in March, up 24% from February; total bitcoin holdings now at 5,021 LAS VEGAS , April 1, 2024 /PRNewswire/ -- CleanSpark Inc. (Nasdaq: CLSK), America's Bitcoin Miner™, to...

3 months ago - PRNewsWire

Cleanspark & Crypto Rally to Begin the Week

Bitcoin and crypto-related stocks rallied to begin the week as world's biggest digital currency passed $70k again. #crypto #bitcoin #cleanspark #stocks #investing

3 months ago - Schwab Network

CleanSpark stock: Elliot Wave analysis points to more CLSK upside

CleanSpark (NASDAQ: CLSK) stock price surged hard on Wednesday as Bitcoin bounced back as investors focused on the upcoming Bitcoin halving. The CLSK shares surged by more than 20% to $20.25 and is ne...

3 months ago - Invezz

CleanSpark stock: technicals suggest it could rip higher from here

CleanSpark Inc (NASDAQ: CLSK) has close to tripled already since its year-to-date low in January but technicals suggest the stock could push further up from here. Technical indicators that suggest buy...

4 months ago - Invezz

CleanSpark Releases February 2024 Bitcoin Mining Update

Hashrate grows 60% in a single month to exceed 16 EH/s with over 131,000 operational miners Monthly bitcoin production increased 12%; Treasury increased to 4,218 bitcoin LAS VEGAS , March 1, 2024 /PRN...

4 months ago - PRNewsWire

CleanSpark Exceeds 15 EH/s, Completes Acquisition of Mississippi Bitcoin Mining Data Centers

Operations have already commenced at the three facilities, with an expected hashrate of 2.4 EH/s once fully loaded with S21s LAS VEGAS , Feb. 27, 2024 /PRNewswire/ -- CleanSpark, Inc., America's Bitco...

4 months ago - PRNewsWire

Are MARA, CLSK, BITF, and RIOT stocks good buys ahead of halving?

Bitcoin mining stocks are having a great week as the coin's price has gone parabolic. Marathon Digital (MARA) shares jumped by more than 20% on Monday and is slowly nearing its highest point in Decemb...

Other symbols: BITFMARARIOT
4 months ago - Invezz