CleanSpark, Inc. (CLSK)

NASDAQ: CLSK · Real-Time Price · USD
11.14
+0.23 (2.11%)
At close: Dec 20, 2024, 4:00 PM
11.30
+0.16 (1.44%)
After-hours: Dec 20, 2024, 7:59 PM EST
2.11%
Market Cap 3.26B
Revenue (ttm) 378.97M
Net Income (ttm) -149.20M
Shares Out 292.56M
EPS (ttm) -0.69
PE Ratio n/a
Forward PE 5.54
Dividend n/a
Ex-Dividend Date n/a
Volume 26,297,541
Open 10.77
Previous Close 10.91
Day's Range 10.64 - 11.31
52-Week Range 6.41 - 24.72
Beta 4.20
Analysts Strong Buy
Price Target 22.71 (+103.86%)
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 131
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 8 analysts, the average rating for CLSK stock is "Strong Buy." The 12-month stock price forecast is $22.71, which is an increase of 103.86% from the latest price.

Price Target
$22.71
(103.86% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

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...

3 days 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...

8 days 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...

8 days 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
10 days 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.

17 days 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...

17 days 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...

17 days 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 ...

18 days ago - Seeking Alpha

CleanSpark Reports Record-Breaking FY 2024 Results: Outpacing Halving and Difficulty

Revenue grows 125% year over year  Current hashrate surpasses 33.5 EH/s on track for 37 EH/s LAS VEGAS , Dec. 2, 2024 /PRNewswire/ -- CleanSpark, Inc. (Nasdaq: CLSK) (the "Company"), America's Bitcoin...

18 days ago - PRNewsWire

CleanSpark: Bullish Buzz Or Resistance Ahead Before Q4 Reveal?

Wall Street expects Bitcoin miner CleanSpark Inc CLSK to report a loss of 18 cents per share and $88.65 million in revenues when it posts fourth-quarter earnings after market hours on Monday.

18 days ago - Benzinga

CleanSpark Executives to Discuss Fiscal Full Year 2024 Financial Results Via Webcast

LAS VEGAS , Nov. 29, 2024 /PRNewswire/ -- CleanSpark Inc. (Nasdaq: CLSK), America's Bitcoin Miner®, will discuss its fiscal full year 2024 financial results via a live webcast beginning at 4:30 p.m. E...

21 days ago - PRNewsWire

Undercovered Dozen: Arqit Quantum, CleanSpark, Sezzle, STAG Industrial +

The 'Undercovered' Dozen highlights 12 lesser-covered stocks, showcasing diverse investment opportunities and sparking community discussion on their potential. Xinyu Ru sees Argan, Inc. as undervalued...

21 days ago - Seeking Alpha

CleanSpark: Why The Shorts Have Got It Wrong

CleanSpark is a bitcoin mining company that hasn't appreciated at the rate of other bitcoin or crypto-related stocks in the short term, such as MicroStrategy Inc. or Coinbase. The % short float for Cl...

23 days ago - Seeking Alpha

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
4 weeks 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...

5 weeks 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...

5 weeks 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 ...

6 weeks 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...

6 weeks 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
7 weeks 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/ -...

7 weeks 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
2 months 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/...

2 months 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...

2 months 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...

2 months 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...

2 months ago - PRNewsWire