Cleanspark, Inc. (CLSK)

NASDAQ: CLSK · IEX Real-Time Price · USD
3.45
+0.27 (8.49%)
Oct 4, 2022 4:00 PM EDT - Market closed
8.49%
Market Cap 162.48M
Revenue (ttm) 141.05M
Net Income (ttm) -20.73M
Shares Out 47.10M
EPS (ttm) -0.22
PE Ratio n/a
Forward PE 21.37
Dividend n/a
Ex-Dividend Date n/a
Volume 2,726,710
Open 3.30
Previous Close 3.18
Day's Range 3.29 - 3.46
52-Week Range 3.00 - 23.60
Beta 3.41
Analysts Buy
Price Target 10.54 (+205.5%)
Earnings Date Aug 9, 2022

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...]

Industry Software
Employees 86
Stock Exchange NASDAQ
Ticker Symbol CLSK
Full Company Profile

Financial Performance

In 2021, Cleanspark's revenue was $49.44 million, an increase of 392.97% compared to the previous year's $10.03 million. Losses were -$21.82 million, -6.55% less than in 2020.

Financial Statements

Analyst Forecast

According to 9 analysts, the average rating for CLSK stock is "Buy." The 12-month stock price forecast is 10.54, which is an increase of 205.51% from the latest price.

Price Target
$10.54
(205.51% upside)
Analyst Consensus: Buy
Stock Forecasts

News

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 f...

17 hours 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's...

1 week ago - GlobeNewsWire

CleanSpark Announces Participation at Upcoming Investor Conferences this September

Executive team to discuss financial strengths and recent acquisitions at upcoming investor events Executive team to discuss financial strengths and recent acquisitions at upcoming investor events

3 weeks ago - GlobeNewsWire

Mawson Infrastructure Group Inc. to Sell Sandersville, Georgia Bitcoin Mining Facility Including 6468 ASIC Bitcoin Mi...

ATLANTA & SYDNEY--(BUSINESS WIRE)--Mawson Infrastructure Group Inc. (NASDAQ:MIGI) (“Mawson”), a digital infrastructure provider, today announced it has entered into definitive agreements with CleanSpark...

Other symbols: MIGI
3 weeks ago - Business Wire

CleanSpark Announces Agreement with Mawson Infrastructure Group to Acquire Turnkey Bitcoin Mining Facility

The already operational site in Sandersville, Georgia, includes 80 MW of total capacity supporting 2.4 EH/s of bitcoin mining; Total planned capacity is 230 MW, expected to support 7.0 EH/s; Strategic a...

3 weeks ago - GlobeNewsWire

CleanSpark ($CLSK) Purchases 10,000 Additional Latest Generation Mining Machines

CleanSpark has announced the purchase of 10,000 brand-new Bitmain Antminer S19j Pro units, for a total purchase price of $28 million, from Cryptech Solutions. The new servers are expected to be delivere...

3 weeks ago - Green Stock News

CleanSpark Buys 10,000 More Latest Generation Mining Machines, Extending Summer of Acquisitions

The new Antminer S19j Pro units will expand the company's bitcoin mining capacity by 1 EH/s at a significantly discounted price; CleanSpark's hashrate currently exceeds 3.8 EH/s The new Antminer S19j Pr...

3 weeks ago - GlobeNewsWire

CleanSpark Releases August 2022 Bitcoin Mining Update

Company's hashrate exceeds 3.4 EH/s, up 19 percent from July 2022; mines 395 bitcoin for the month Company's hashrate exceeds 3.4 EH/s, up 19 percent from July 2022; mines 395 bitcoin for the month

1 month ago - GlobeNewsWire

CleanSpark's Hashrate Exceeds 3 Exahashes Following Summer of Acquisitions

Bear market strategies accelerated Company growth, tripling hashrate in less than a year Bear market strategies accelerated Company growth, tripling hashrate in less than a year

1 month ago - GlobeNewsWire

CleanSpark Completes Acquisition of Recently Announced 86MW Facility in Georgia

Transaction closes ahead of schedule, paving way for energization of 3,400 on-site machines in coming days; additional 8,283 machines to arrive on site within the week Transaction closes ahead of schedu...

1 month ago - GlobeNewsWire

CleanSpark (CLSK) Reports Q3 Loss, Lags Revenue Estimates

CleanSpark (CLSK) delivered earnings and revenue surprises of -700% and 13.33%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

1 month ago - Zacks Investment Research

CleanSpark Reports Third Quarter FY2022 Financial Results

Third quarter revenue of $ 31.0 million, net GAAP loss of $(29.3) million and Adjusted EBITDA of $15.2 million; Mined 964 Bitcoin and Increased Hashrate by 22%; Increases 2023 Year-end Hashrate Guidance...

1 month ago - PRNewsWire

CleanSpark ($CLSK) Acquires Plug-in Ready Bitcoin Mining Facility Scalable to 86 Megawatts

CleanSpark has announced a definitive agreement to acquire an active bitcoin mining facility located in the state of Georgia for $16.2 million. The Company says that it has also purchased approximately ...

1 month ago - Green Stock News

CleanSpark (CLSK) Reports Next Week: Wall Street Expects Earnings Growth

CleanSpark (CLSK) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

2 months ago - Zacks Investment Research

CleanSpark Executives to Discuss Fiscal Third Quarter 2022 Financial Results Via Webcast

LAS VEGAS, July 29, 2022 (GLOBE NEWSWIRE) -- CleanSpark Inc. (Nasdaq: CLSK), America's bitcoin miner, will discuss fiscal third quarter 2022 financial results via a live webcast beginning 4:30 p.m. ET /...

2 months ago - GlobeNewsWire

CleanSpark stock pulls back after reporting June bitcoin sales, production data

Shares of CleanSpark Inc. CLSK, -5.56% dropped 5.7% in afternoon trading Wednesday, after the company said it sold more than 300 bitcoin BTCUSD, -0.83% during June at an average price that was 21.4% bel...

2 months ago - Market Watch

CleanSpark Acquires Contract for Best-in-class Mining Machines, Partners with TMGcore to Expand Immersion-cooled Oper...

CleanSpark has secured the fastest and most power-efficient bitcoin mining machines at a significantly discounted price—along with immersion-cooling infrastructure CleanSpark has secured the fastest and...

3 months ago - GlobeNewsWire

Why Shares of CleanSpark, Riot Blockchain, and Hut 8 Mining Are Rising Today

Bitcoin mining companies are rebounding today, along with the price of Bitcoin.

Other symbols: HUTRIOT
4 months ago - The Motley Fool

CleanSpark (CLSK) Q2 Earnings Lag Estimates

CleanSpark (CLSK) delivered earnings and revenue surprises of -83.33% and 2.56%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

4 months ago - Zacks Investment Research

CleanSpark Reports Second Quarter FY2022 Financial Results

Second quarter revenue of $41.6 million, net loss of $(0.17) million and Adjusted EBITDA of $22.5 million; Company continues to execute its strategic plan and make significant headway in mining operatio...

4 months ago - PRNewsWire

CleanSpark Announces Timing of Second Quarter FY2022 Earnings Release

LAS VEGAS, May 03, 2022 (GLOBE NEWSWIRE) -- CleanSpark Inc. (Nasdaq: CLSK) (the "Company" or "CleanSpark"), a sustainable bitcoin mining and energy technology company, today announced it will release it...

5 months ago - GlobeNewsWire

Why CleanSpark Stock Dived by Nearly 11% Today

The company takes out what's effectively an expensive loan.

5 months ago - The Motley Fool

CleanSpark Finalizes $35 Million in Financing from Trinity Capital

The move delivers on CleanSpark's commitment to rightsizing its capital structure The move delivers on CleanSpark's commitment to rightsizing its capital structure

5 months ago - GlobeNewsWire

CleanSpark Among Top 50 Fastest Growing Companies

The Company Earned a Top Spot on the Financial Times' List of the 500 Fastest Growing Companies in the Americas The Company Earned a Top Spot on the Financial Times' List of the 500 Fastest Growing Comp...

5 months ago - GlobeNewsWire

Is CleanSpark (CLSK) Stock Outpacing Its Business Services Peers This Year?

Here is how CleanSpark (CLSK) and First Advantage (FA) have performed compared to their sector so far this year.

6 months ago - Zacks Investment Research