CleanSpark, Inc. (CLSK)

NASDAQ: CLSK · IEX Real-Time Price · USD
2.59
+0.14 (5.71%)
At close: Mar 20, 2023, 4:00 PM
2.56
-0.03 (-1.16%)
Pre-market: Mar 21, 2023, 6:49 AM EDT
5.71%
Market Cap 202.00M
Revenue (ttm) 126.66M
Net Income (ttm) -100.86M
Shares Out 77.99M
EPS (ttm) -2.13
PE Ratio n/a
Forward PE 21.37
Dividend n/a
Ex-Dividend Date n/a
Volume 7,017,893
Open 2.60
Previous Close 2.45
Day's Range 2.50 - 2.71
52-Week Range 1.74 - 13.91
Beta 3.29
Analysts Buy
Price Target 7.65 (+195.37%)
Earnings Date Feb 9, 2023

About CLSK

CleanSpark, Inc. provides bitcoin mining and energy technology solutions worldwide. It operates in two segments, Digital Currency Mining and Energy. The Digital Currency Mining segment engages in mining of bitcoin. The energy segment provides engineering, design and software, custom hardware, open automated demand response, solar, and energy storage solutions for microgrids and distributed energy systems to military, commercial, and residential customers; and develops platforms that enables designing, building, operating, and managing of energy... [Read more]

Sector Technology
CEO Mr. Zachary K. Bradford
Employees 121
Stock Exchange NASDAQ
Ticker Symbol CLSK
Full Company Profile

Financial Performance

In 2022, Cleanspark's revenue was $131.52 million, an increase of 234.78% compared to the previous year's $39.29 million. Losses were -$57.66 million, 162.2% more than in 2021.

Financial Statements

Analyst Forecast

According to 10 analysts, the average rating for CLSK stock is "Buy." The 12-month stock price forecast is $7.65, which is an increase of 195.37% from the latest price.

Price Target
$7.65
(195.37% upside)
Analyst Consensus: Buy
Stock Forecasts

News

CleanSpark Releases February 2023 Bitcoin Mining Update

Company mines 576 bitcoin in the year's shortest month; hits new efficiency milestone of 30.6 watts per terahash Company mines 576 bitcoin in the year's shortest month; hits new efficiency milestone o...

2 weeks ago - GlobeNewsWire

CleanSpark Announces Purchase of 20,000 New Latest Generation Mining Machines

Latest Purchase Expected to Expand Company's Bitcoin Production Capacity by 37%, Adding 2.44 Exahashes per Second (EH/s) Once Installed; Total Number of Machines Purchased During the Bear Market Now E...

1 month ago - GlobeNewsWire

CleanSpark Reports First Quarter FY2023 Financial Results

First quarter revenue of $27.8 million, net GAAP loss of $(29.0) million and Adjusted EBITDA of ($1.4) million; Mined 1,531 Bitcoin, a 132% increase over same prior year period LAS VEGAS , Feb. 9, 202...

1 month ago - PRNewsWire

CleanSpark Releases January 2023 Bitcoin Mining Update

Company mines a record 697 bitcoins for the month, up 50% from prior month and 129% from same prior year period; Company's bitcoin holdings grow 32% Company mines a record 697 bitcoins for the month, ...

1 month ago - GlobeNewsWire

CORRECTION: CleanSpark Executives to Discuss Fiscal First Quarter 2023 Financial Results via Webcast

An earlier version of this press announcement incorrectly listed the day of CleanSpark's upcoming earnings call as Wednesday, February 9; the correct day is Thursday, February 9 An earlier version of ...

1 month ago - GlobeNewsWire

CleanSpark Executives to Discuss Fiscal First Quarter 2023 Financial Results Via Webcast

LAS VEGAS, Jan. 30, 2023 (GLOBE NEWSWIRE) -- CleanSpark, Inc. (Nasdaq: CLSK) (the "Company"), America's Bitcoin Miner™, will discuss fiscal first quarter 2023 financial results via a live webcast begi...

1 month ago - GlobeNewsWire

CleanSpark, Inc. (CLSK) Securities Fraud Class Action Survives Motion to Dismiss

Philadelphia, Pennsylvania--(Newsfile Corp. - January 19, 2023) - A securities fraud class action alleging wrongdoing committed by certain CleanSpark Officers and Directors has survived a motion to di...

2 months ago - Newsfile Corp

CleanSpark Breaks Ground on 50 Megawatt Bitcoin Mining Expansion

The nearly $16M expansion, with projected completion in late spring, will hold up to 16,000 miners and cements CleanSpark's position among North America's top bitcoin miners; Once completed, the Compa...

2 months ago - GlobeNewsWire

Shareholder Alert: CleanSpark, Inc. (CLSK) Securities Fraud Class Action Survives Motion to Dismiss

Philadelphia, Pennsylvania--(Newsfile Corp. - January 12, 2023) - A securities fraud class action alleging wrongdoing committed by certain CleanSpark (NASDAQ: CLSK) Officers and Directors has survived...

2 months ago - Newsfile Corp

CleanSpark Earns 2022 Great Place to Work Certification

The recognition comes on the heels of an anonymous companywide employee survey The recognition comes on the heels of an anonymous companywide employee survey

2 months ago - GlobeNewsWire

Moore Kuehn, PLLC Encourages Investors of CleanSpark, Inc. to Contact Law Firm

New York, New York--(Newsfile Corp. - January 9, 2023) - Moore Kuehn, PLLC, a securities law firm located on Wall Street, is investigating whether certain officers and directors of CleanSpark, Inc. (N...

2 months ago - Newsfile Corp

CleanSpark Releases December 2022 Bitcoin Mining Update

Company hits new daily production high of 22 bitcoin; Mines a record 4,621 bitcoin for calendar year 2022, up 200% from the prior calendar year Company hits new daily production high of 22 bitcoin; Mi...

2 months ago - GlobeNewsWire

CleanSpark Surpasses Revised Year End Hashrate of 6 EH/s

The Company's hashrate has tripled this year; this latest achievement means it has met its updated 2022 guidance The Company's hashrate has tripled this year; this latest achievement means it has met ...

3 months ago - GlobeNewsWire

CleanSpark Reports Fourth Quarter and Year End FY2022 Financial Results

2022 Revenue of $131.5 million, net loss of $(57.3) million and Adjusted EBITDA of $65.7 million Q4 revenue of $26.2 million, net loss of $(42.3) million and Adjusted EBITDA of $2.9 million Current ha...

3 months ago - PRNewsWire

CleanSpark Releases November 2022 Bitcoin Mining Update

Company meets yearend hashrate guidance early with high of 5.5 EH/s, up over 320% from this time last year (November 2021) Company meets yearend hashrate guidance early with high of 5.5 EH/s, up over ...

3 months ago - GlobeNewsWire

CleanSpark Expands Board of Directors with Appointment of Bitcoin Policy Expert Amanda Cavaleri

Cavaleri, board chair of the non-profit Bitcoin Today Coalition, brings extensive advocacy and policy experience to CleanSpark's board of directors Cavaleri, board chair of the non-profit Bitcoin Toda...

3 months ago - GlobeNewsWire

CleanSpark Executives to Discuss Fiscal Full Year and Fourth Quarter 2022 Financial Results Via Webcast

LAS VEGAS, Nov. 30, 2022 (GLOBE NEWSWIRE) -- CleanSpark Inc. (Nasdaq: CLSK), America's Bitcoin Miner™, will discuss fiscal full year and fourth quarter 2022 financial results via a live webcast beginn...

3 months ago - GlobeNewsWire

CleanSpark Earns Top Spot on Deloitte's 2022 Technology Fast 500 List

Award recognizes fastest-growing public and private technology companies in North America Award recognizes fastest-growing public and private technology companies in North America

4 months ago - GlobeNewsWire

CleanSpark Expands Bitcoin Mining Fleet with Purchase of 3,853 Latest Generation Machines

Total Machines Purchased Since Bear Market Conditions Began in June Now Exceeds 26,500 Total Machines Purchased Since Bear Market Conditions Began in June Now Exceeds 26,500

4 months ago - GlobeNewsWire

CleanSpark Exceeds 2022 Guidance Two Months Early, Achieving 5 EH/s; Raises Year-end Hashrate Guidance by 10%

The Company's hashrate has grown 150% since January; CleanSpark is updating its 2022 year-end hashrate guidance to 5.5 EH/s The Company's hashrate has grown 150% since January; CleanSpark is updating ...

5 months ago - GlobeNewsWire

7 Hypergrowth Stocks to Buy if You Are Feeling Greedy

I'm going to let you in on a not-so-well-kept secret about hypergrowth stocks to buy. It's not a great time to consider growth names of any variety, let alone those geared toward extreme speculation.

Other symbols: LIPOWWROVRSIRISNAP
5 months ago - InvestorPlace

Mawson Infrastructure Group Inc. Announces Completion of the Previously Announced Sale of Its Sandersville, Georgia Facility and 6,468 ASIC's to CleanSpark, Inc. for up to Approximately $40 Million1

ATLANTA & SYDNEY--(BUSINESS WIRE)--Mawson Infrastructure Group Inc. (NASDAQ:MIGI) (“Mawson”), a digital infrastructure provider, today announced it has closed on the previously announced transaction w...

Other symbols: MIGI
5 months ago - Business Wire

CleanSpark Completes Acquisition of Mawson's Sandersville Facility

The acquisition has already added 560 PH/s of low-carbon bitcoin mining to CleanSpark's hashrate, bringing its total hashrate to over 4.7 EH/s; The site is expected to bring an additional 1 EH/s by ye...

5 months ago - GlobeNewsWire

CleanSpark Releases September 2022 Bitcoin Mining Update

Company tops 4.16 EH/s, up 21% from August 2022; mines 448 bitcoin for the month, a 132% YoY increase; HODL grows 13% to 594 bitcoins Company tops 4.16 EH/s, up 21% from August 2022; mines 448 bitcoin...

5 months ago - GlobeNewsWire

CleanSpark Exceeds Hashrate Guidance with Over 4 EH/s of Low-Carbon Network Strength

The Company's hashrate, the majority of which is drawn from low-carbon sources, has grown over 30% in less than a month; CleanSpark is on track to meet its 2022 year-end guidance of 5 EH/s The Company...

6 months ago - GlobeNewsWire