
CleanSpark (CLSK) Stock Forecast & Price Target
CleanSpark (CLSK) Analyst Ratings
Bulls say
Cleanspark Inc. demonstrated significant financial growth in F1Q, reporting revenues of $162.3 million, an impressive 82% increase quarter-over-quarter, primarily driven by a 37% rise in average BTC prices and a 33% uptick in BTC production. The company's adjusted EBITDA rose substantially to $61.0 million, reflecting an adjusted EBITDA margin of 37.6%, markedly higher than the prior quarter's figures and outperforming estimates. Additionally, Cleanspark achieved a gross profit of $92.0 million with 56.7% margins, supported by improved fleet efficiency and reduced direct costs per BTC mined, positioning the company favorably within the bitcoin mining sector.
Bears say
Cleanspark Inc. is facing significant financial challenges, primarily due to its reliance on the volatile bitcoin market and the increasing global hash rate, which can adversely affect profitability. The company has experienced substantial shareholder dilution from past equity sales, contributing to its valuation discount compared to peers and raising concerns over long-term financial stability. Additionally, operational risks related to tariffs, regulatory pressures, and higher power costs may further hinder Cleanspark's ability to maintain competitive advantage in the bitcoin mining industry.
This aggregate rating is based on analysts' research of CleanSpark and is not a guaranteed prediction by Public.com or investment advice.
CleanSpark (CLSK) Analyst Forecast & Price Prediction
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