CleanSpark, Inc. (CLSK)

NASDAQ: CLSK · Real-Time Price · USD
9.25
-0.81 (-8.05%)
At close: Feb 21, 2025, 4:00 PM
9.38
+0.13 (1.41%)
After-hours: Feb 21, 2025, 7:59 PM EST
-8.05%
Market Cap 2.60B
Revenue (ttm) 467.49M
Net Income (ttm) 67.12M
Shares Out 280.81M
EPS (ttm) 0.27
PE Ratio 33.86
Forward PE 23.12
Dividend n/a
Ex-Dividend Date n/a
Volume 23,237,834
Open 10.27
Previous Close 10.06
Day's Range 9.22 - 10.31
52-Week Range 8.04 - 24.72
Beta 4.25
Analysts Strong Buy
Price Target 22.38 (+141.95%)
Earnings Date Feb 6, 2025

About CLSK

CleanSpark, Inc. operates as a bitcoin mining company in the Americas. It owns and operates data centers. 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 270
Stock Exchange NASDAQ
Ticker Symbol CLSK
Full Company Profile

Financial Performance

In 2024, CleanSpark's revenue was $378.97 million, an increase of 125.03% compared to the previous year's $168.41 million. Losses were -$149.20 million, 8.00% more than in 2023.

Financial Statements

Analyst Forecast

According to 9 analysts, the average rating for CLSK stock is "Strong Buy." The 12-month stock price forecast is $22.38, which is an increase of 141.95% from the latest price.

Price Target
$22.38
(141.95% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

CleanSpark: Fleet Efficiency Drives Higher Bitcoin Yield

CleanSpark, a bitcoin mining company with a $2.95 billion market cap, transitioned from clean energy to bitcoin mining in December 2020. As of January, CleanSpark owns 10,556 bitcoins and has 873 MW u...

4 days ago - Seeking Alpha

CleanSpark's Attractive Valuation And Bitcoin Stack Makes It A Buy, Analyst Says

Needham analyst John Todaro initiated coverage on CleanSpark Inc CLSK with a Buy rating and announced a Price Forecast of $20.00.

9 days ago - Benzinga

CleanSpark's Q1 Results Strengthen The Bull Case

CleanSpark's Q1 results reinforce the bull case, with strong revenue, low mining costs, and improving efficiency, justifying a Strong Buy rating despite recent stock volatility. The company is scaling...

13 days ago - Seeking Alpha

CleanSpark, Inc. (CLSK) Q1 2025 Earnings Conference Call Transcript

CleanSpark, Inc. (NASDAQ:CLSK) Q1 2025 Earnings Conference Call February 6, 2025 4:30 PM ET Company Participants Barbara Domingo - IR Zach Bradford - CEO Gary Vecchiarelli - CFO Conference Call Parti...

14 days ago - Seeking Alpha

CleanSpark Is A High Conviction Name In Bitcoin Mining Sector: Analyst

H.C. Wainwright analyst Mike Colonnese reiterated the Buy rating on CleanSpark, Inc. CLSK, with a price forecast of $27.

14 days ago - Benzinga

CleanSpark Reports Fiscal Year First Quarter 2025 Results

$162.3M quarterly revenue, up 120% from prior year $241.7M quarterly net income and basic EPS of $0.85 Marginal cost per coin decreases 6% to ~$34,000 at owned facilities LAS VEGAS , Feb. 6, 2025 /PRN...

15 days ago - PRNewsWire

CleanSpark Releases January 2025 Bitcoin Mining Update

626 bitcoin mined and 40 EH/s surpassed in operating hashrate More than 8% fleet efficiency improvement month over month LAS VEGAS , Feb. 4, 2025 /PRNewswire/ -- CleanSpark, Inc. (Nasdaq: CLSK), Ameri...

17 days ago - PRNewsWire

CleanSpark Executives to Discuss Fiscal Q1 2025 Financial Results

LAS VEGAS , Feb. 3, 2025 /PRNewswire/ -- CleanSpark Inc. (Nasdaq: CLSK), America's Bitcoin Miner®, will discuss its fiscal first quarter 2025 financial results via a live webcast beginning at 4:30 p.m...

18 days ago - PRNewsWire

Bitcoin miners try to rebound from choppy market

CNBC's Tanaya Macheel joins 'Closing Bell' to discuss the mixed recovery for bitcoin miners.

Other symbols: BTDRCORZIRENMARA
24 days ago - CNBC Television

CleanSpark: Buy The Dip In This Undervalued Bitcoin Miner

CleanSpark, a major Bitcoin miner, has seen a flat share price over the past year despite a ~2x jump in Bitcoin prices. The company is trading close to book value (assuming current Bitcoin prices hold...

6 weeks ago - Seeking Alpha

CleanSpark Achieves More Than 10,000 Bitcoin Held

10,097 bitcoin held in treasury, all produced from mining activity LAS VEGAS , Jan. 9, 2025 /PRNewswire/ -- CleanSpark Inc. (Nasdaq: CLSK), America's Bitcoin Miner® (the "Company"), today announced a ...

6 weeks ago - PRNewsWire

CleanSpark: Stacking 'Digital Gold' The 'Old Way'

CleanSpark mined 7,024 BTC in 2024, maintaining a pure play on Bitcoin while competitors diversify into high-performance computing. The company used convertible note proceeds for share repurchases and...

6 weeks ago - Seeking Alpha

All crypto miners are not 'created equal': Analyst

As cryptocurrency regulation is expected to ease under the incoming Trump administration, Clear Street senior research analyst Brian Dobson joins Market Domination to analyze crypto mining prospects f...

Other symbols: WGMI
6 weeks ago - Yahoo Finance

Green Stock News for January 6, 2025: $NVDA $ARBE $XPEV $CLSK $SUUN

Welcome to the Green Stock News brief for Monday January 6th. Here are today's top headlines: Arbe Robotics (NASDAQ: ARBE), in collaboration with NVIDIA (NASDAQ: NVDA), is advancing free space mapping...

Other symbols: NVDAXPEVARBESUUN
6 weeks ago - Green Stock News

CleanSpark Releases December 2024 Bitcoin Mining Update

Mines 668 bitcoin in December and 7,024 bitcoin in 2024 287.9% hashrate growth with 33.3% efficiency improvement year over year LAS VEGAS , Jan. 6, 2025 /PRNewswire/ -- CleanSpark Inc. (Nasdaq: CLSK),...

6 weeks ago - PRNewsWire

Bitcoin, crypto stocks slide after post-election rally

CNBC's Tanaya Macheel joins 'Closing Bell' to discuss the slide in crypto and bitcoin.

Other symbols: COINIRENMSTR
2 months ago - CNBC Television

CleanSpark Exceeds 2024 Year-End Guidance of 37 EH/s and Accelerates 2025 Guidance

CleanSpark has achieved 37.5 EH/s in operating hashrate with a fleet efficiency of 17.7 J/Th Accelerates guidance for 50 EH/s, expected in first half of 2025 LAS VEGAS , Dec. 23, 2024 /PRNewswire/ -- ...

2 months ago - PRNewsWire

CleanSpark, Inc. Announces Closing of Offering of $650 Million Zero-Coupon Convertible Notes

LAS VEGAS , Dec. 17, 2024 /PRNewswire/ -- CleanSpark, Inc. (Nasdaq: CLSK), America's Bitcoin Miner® ("CleanSpark" or the "Company"), today announced that it completed its previously announced offering...

2 months ago - PRNewsWire

CleanSpark, Inc. Announces Pricing of $550 Million Convertible Notes Offering

LAS VEGAS , Dec. 13, 2024 /PRNewswire/ -- CleanSpark, Inc. (Nasdaq: CLSK), America's Bitcoin Miner® ("CleanSpark" or the "Company"), today announced the pricing of its offering of $550 million aggrega...

2 months ago - PRNewsWire

CleanSpark, Inc. Announces Proposed Private Offering of $550 Million of Convertible Notes

LAS VEGAS , Dec. 12, 2024 /PRNewswire/ -- CleanSpark, Inc. (Nasdaq: CLSK), America's Bitcoin Miner® ("CleanSpark" or the "Company"), today announced that it intends to offer, subject to market conditi...

2 months ago - PRNewsWire

Bitcoin Miners CleanSpark, Cipher Mining Win JPMorgan Support For Growth, Efficiency Edge

JPMorgan doesn't often issue upgrades to two bitcoin miners at once, but that's exactly what happened on Tuesday with CleanSpark Inc CLSK and Cipher Mining Inc CIFR.

Other symbols: CIFR
2 months ago - Benzinga

Bitcoin Miner CleanSpark Has 'Solid, Albeit Relatively Quiet' Quarter, Ready For Growth, Says Analyst

CleanSpark Inc CLSK shares were down on Tuesday, even after the company reported upbeat fourth-quarter results.

2 months ago - Benzinga

CleanSpark Releases November 2024 Bitcoin Mining Update

Mines 622 bitcoin and achieves daily production high of over 21 bitcoin Increases hashrate and efficiency month over month by over 7% and 6% respectively LAS VEGAS , Dec. 3, 2024 /PRNewswire/ -- Clean...

2 months ago - PRNewsWire

CleanSpark Stock: Still Way Too Cheap After Q4 Earnings Results

CleanSpark stock is up 68% since October, showing strong potential despite a 6% pre-market drop after Q4 results, maintaining a bullish outlook. CLSK stock valuation remains attractive, with significa...

2 months ago - Seeking Alpha

CleanSpark, Inc. (CLSK) Q4 2024 Earnings Call Transcript

CleanSpark, Inc. (NASDAQ:CLSK) Q4 2024 Earnings Conference Call December 2, 2024 4:30 PM ET Company Participants Brittany Moore - Director, Investor Relations Zach Bradford - Chief Executive Officer ...

2 months ago - Seeking Alpha