CleanSpark

CleanSpark, Inc. is a Bitcoin mining and energy technology company, which engages in the provision of solutions to modern energy challenge and an advanced energy software and control technology. The company was founded by S. Matthew Schultz on October 15, 1987 and is headquartered in Henderson, NV.

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CleanSpark reports record bitcoin production but faces net loss

CleanSpark demonstrated strong bitcoin production growth but faced a net loss due to market conditions. The company's focus on proprietary mining, energy management, and efficiency positions it well for future growth. By exploring strategic expansion, technology adoption, and potential acquisitions, CleanSpark aims to enhance its competitive edge.

CleanSpark reports strong Q2 earnings, poised for growth and efficiency

CleanSpark's Q2 2023 earnings call showcased robust financial performance, operational advancements, and strategic positioning for growth in the cryptocurrency mining sector.
While facing challenges in sustaining growth momentum and managing operational complexities, the company's strong balance sheet and focus on efficiency offer a solid foundation.
Opportunities lie in expanding hash rate capacity, optimizing infrastructure, and leveraging financial strength for strategic initiatives and market diversification.
Overall, CleanSpark's performance, strengths, and proactive approach to challenges position them well to capitalize on opportunities and navigate the evolving cryptocurrency landscape.

CleanSpark excels in Q3 with strong revenue growth and Bitcoin strategy

CleanSpark's Q3 performance reflects strong revenue growth, improved margins, and enhanced EBITDA, driven by strategic Bitcoin management and operational efficiency.
The company's strengths lie in its financial stability, mining capacity expansion, and commitment to innovation through data center expansions and immersion cooling technology.
While facing challenges in risk management, efficiency optimization, and regulatory uncertainties, CleanSpark is well-positioned to leverage opportunities in market dynamics and technology advancements.

CleanSpark reports record revenue and efficiency gains, eyes strategic growth

CleanSpark's strong financial performance, strategic acquisitions, and focus on efficiency position them well for future growth and expansion.
Challenges lie in improving energy efficiency, executing expansion plans, and navigating potential mergers and acquisitions.
Opportunities abound in enhancing efficiency, exploring M&A for market value maximization, and expanding mining capacity to reach targets.

CleanSpark reports stellar Q1 results, eyes Bitcoin halving opportunities

CleanSpark delivered impressive financial performance, operational achievements, and strategic initiatives in Q1 2024, reflecting strong growth momentum
The company's strengths lie in its robust financial position, operational resilience, and technological capabilities, positioning it well for future success
While facing challenges such as post-halving price impact and market uncertainties, CleanSpark can leverage opportunities in Bitcoin adoption and mining industry growth for sustained growth

CleanSpark achieves record revenue and EBITDA, poised for growth

CleanSpark's Q2 2024 performance reflects robust growth in revenue and EBITDA, driven by bitcoin production and strategic initiatives. The company's strong financial position, expansion into Wyoming, and M&A strategy position it well for future growth and industry consolidation.

CleanSpark exceeds $100M revenue, strengthens mining capabilities with acquisitions

CleanSpark delivered strong financial performance in Q3 2024, surpassing $100 million in revenue and showcasing operational efficiency and market leadership.
While facing a net loss driven by non-cash items, the company's balance sheet remains robust, supported by a significant Bitcoin holding and strategic partnerships.
To sustain profitability, CleanSpark needs to address challenges related to the net loss and focus on optimizing operational costs and mining efficiency while capitalizing on growth opportunities.

CleanSpark reports stellar FY 2024 results, eyes sustainable Bitcoin growth

CleanSpark's fiscal year 2024 showcased remarkable financial performance, marked by substantial revenue growth and improved operational efficiency.
The company's strategic focus on Bitcoin mining and infrastructure expansion, coupled with a strong balance sheet, positions it for sustainable growth.
While challenges exist in balancing priorities and managing growth, CleanSpark's commitment to innovation and exploration of new opportunities presents a promising outlook.

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CleanSpark, Inc. is a bitcoin mining technology company, which engages in the management of data centers. Its operations include College Park, Norcross, Washington, Sandersville, Dalton, and Massena. The company was founded by S. Matthew Schultz and Bryan Huber on October 15, 1987 and is headquartered in Henderson, NV.

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 Exceeds 46,500 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 Exceeds 46,500

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

CleanSpark, Inc. (NASDAQ:CLSK ) Q1 2023 Earnings Conference Call February 9, 2023 4:30 PM ET Company Participants Isaac Holyoak - Chief Communications Officer Zach Bradford - CEO Gary Vecchiarelli - CFO Conference Call Participants Mike Colonnese - H.C. Wainwright Josh Siegler - Cantor Fitzgerald Greg Lewis - BTIG Brian Dobson - Chardan Capital Markets Operator Good afternoon.

CleanSpark, Inc. (CLSK) Q1 2023 Earnings Call Transcript

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, 2023 /PRNewswire/ -- CleanSpark, Inc. (Nasdaq: CLSK) (the "Company"), America's Bitcoin Miner™, today reported financial results for the three months ended December 31, 2022. We believe we are one of the most reliable, efficient, and fastest growing public bitcoin miners in North America.

CleanSpark Reports First Quarter FY2023 Financial Results

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, up 50% from prior month and 129% from same prior year period; Company's bitcoin holdings grow 32%

CleanSpark Releases January 2023 Bitcoin Mining Update

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

CORRECTION: 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 beginning 4:30 p.m. EST / 1:30 p.m. PST on Wednesday, February 9, 2023. Results will be released after the close of regular trading on February 9, 2023.

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

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 dismiss the complaint. The underlying complaint alleged that during the Class Period, Defendants shifted CleanSpark's business model from alternative energy and software to mining Bitcoin.

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

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 Company's hashrate is expected to reach as high as 8.7 EH/s 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 Company's hashrate is expected to reach as high as 8.7 EH/s

CleanSpark Breaks Ground on 50 Megawatt Bitcoin Mining Expansion

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 a motion to dismiss the complaint.CleanSpark shareholders who have continuously held company stock since before December 10, 2020, can seek corporate reforms, the return of funds spent defending litigation back to the company, and a court approved incentive award, if appropriate, at no cost to them whatsoever.

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

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

CleanSpark Earns 2022 Great Place to Work Certification

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. (NASDAQ: CLSK) breached their fiduciary duties to shareholders.

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

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; Mines a record 4,621 bitcoin for calendar year 2022, up 200% from the prior calendar year

CleanSpark Releases December 2022 Bitcoin Mining Update

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 its updated 2022 guidance

CleanSpark Surpasses Revised Year End Hashrate of 6 EH/s

CleanSpark, Inc. (NASDAQ:CLSK ) Q4 2022 Results Conference Call December 14, 2022 4:30 PM ET Company Participants Isaac Holyoak - Chief Communications Officer Zach Bradford - CEO Gary Vecchiarelli - CFO Conference Call Participants Mike Colonnese - H.C. Wainwright Josh Siegler - Cantor Fitzgerald Brian Dobson - Jardine Capital Markets Greg Lewis - BTIG Operator Good afternoon.

CleanSpark, Inc. (CLSK) Q4 2022 Earnings Call Transcript

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 hashrate surpasses 5.8 EH/s and daily mining high reaches 21.7 BTC LAS VEGAS , Dec. 14, 2022 /PRNewswire/ -- CleanSpark, Inc. (Nasdaq: CLSK) (the "Company"), America's Bitcoin Miner™, today reported financial results for the three and twelve months ended September 30, 2022. CleanSpark surpasses 5.8EH/s and 21.7 bitcoin per day.

CleanSpark Reports Fourth Quarter and Year End FY2022 Financial Results

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 320% from this time last year (November 2021)

CleanSpark Releases November 2022 Bitcoin Mining Update

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 Today Coalition, brings extensive advocacy and policy experience to CleanSpark's board of directors

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

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 beginning 4:30 p.m. EST / 1:30 p.m. PST on Wednesday, December 14, 2022. Results will be released after the close of regular trading on December 14, 2022.

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

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

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

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

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

Shares of bitcoin miner CleanSpark (US:CLSK) has risen 27.6% in trading on this week as the company announced that it had achieved its 2022 year-end hash rate target of 5 EH/s more than two months ahead of schedule.

CleanSpark Bounces More Than 27% This Week as The Miner Upgrades Guidance After Hitting Target Early

CleanSpark Inc (NASDAQ:CLSK), the bitcoin miner, said it has raised its year-end hashrate guidance by 10% to 5.5 exahashes per second (EH/s) after the company surpassed its year-end guidance more than 60 days ahead of schedule. A firm's hashrate is one of the most critical metrics for evaluating public bitcoin mining companies as it determines how much bitcoin a company can mine.

CleanSpark raises year-end hashrate guidance by 10% as it smashes previous guidance 60 days ahead of schedule

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 its 2022 year-end hashrate guidance to 5.5 EH/s

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

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CleanSpark Inc (NASDAQ:CLSK) said it has completed the acquisition of Mawson Infrastructure Group Inc (NASDAQ:MIGI, OTC:MIGI)'s bitcoin mining facility in Sandersville, Georgia, including 6,500 miners or about 560 petahashes per second (PH/s) and the transition of Mawson's former staff to the CleanSpark team, effective October 8.   The company said the Sandersville site is its fourth campus in Georgia, with other locations in College Park, Norcross, and Washington.

News for CleanSpark Stock (CLSK)