CleanSpark, Inc. (CLSK)
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]
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 StatementsAnalyst 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.
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...
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...
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...
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 ...
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...
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.
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/ -...
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 ...
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/...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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 ...
Crypto stocks stage comeback
MacKenzie Sigalos joins CNBC's 'Squawk on the Street' to report on the latest details from the crypto sector.
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...
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...
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.
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.
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