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.

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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.

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Company mined 417 bitcoin; total bitcoin holdings now at 6,154 LAS VEGAS , June 4, 2024 /PRNewswire/ -- CleanSpark Inc. (Nasdaq: CLSK), America's Bitcoin Miner™, today released its unaudited bitcoin mining and operations update for the month ending May 31, 2024. "We have outperformed industry expectations as well as our peers in our first full month of production after the block reward halving," said Zach Bradford, CEO.

CleanSpark Releases May 2024 Bitcoin Mining Update

The consensus price target hints at a 26.3% upside potential for CleanSpark (CLSK). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.

Does CleanSpark (CLSK) Have the Potential to Rally 26.3% as Wall Street Analysts Expect?

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Is It Worth Investing in CleanSpark (CLSK) Based on Wall Street's Bullish Views?

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CleanSpark (CLSK) is a Great Momentum Stock: Should You Buy?

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Should you buy CleanSpark's stock instead of Bitcoin?

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CleanSpark (CLSK) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Will CleanSpark (CLSK) Gain on Rising Earnings Estimates?

The mean of analysts' price targets for CleanSpark (CLSK) points to a 33.1% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.

Wall Street Analysts Predict a 33.12% Upside in CleanSpark (CLSK): Here's What You Should Know

CleanSpark, Inc. (NASDAQ:CLSK ) Q2 2024 Earnings Call Transcript May 9, 2024 4:30 PM ET Company Participants Isaac Holyoak - Chief Communications Officer Zachary Bradford - President and Chief Executive Officer Gary Vecchiarelli - Chief Financial Officer Conference Call Participants Michael Colonnese - H.C. Wainwright Brian Dobson - Chardan Capital Markets Operator Ladies and gentlemen, good afternoon.

CleanSpark, Inc. (CLSK) Q2 2024 Earnings Call Transcript

Bitcoin miner CleanSpark swung to a profit, easily cleared quarterly forecasts as bitcoin prices rally. Bitcoin snaps four-day losing streak.

Bitcoin Miner Rallies On Revenue Spike, Wyoming Expansion

The agreement includes the potential to expand the sites by an additional 55 MW Wyoming now third state in Company's portfolio of owned-and-operated bitcoin mining facilities LAS VEGAS , May 9, 2024 /PRNewswire/ -- CleanSpark Inc. (Nasdaq: CLSK), America's Bitcoin Miner™, today announced it has entered into definitive agreements to acquire two bitcoin mining locations in Wyoming, with 75 MW of available power, for a cash payment of $18.75 million. The agreement is anticipated to close in 45 days and the sites are expected to add over four exahashes per second (EH/s) once fully operational.

CleanSpark to Acquire 75 MW of Bitcoin Mining Sites in Wyoming for $18.75 Million

FY2024 Second Quarter Revenue of $111.8 million, net income of $126.7 million and Adjusted EBITDA of $181.8 million Revenue grows 163% YoY  Current hashrate surpasses 17 EH/s  LAS VEGAS , May 9, 2024 /PRNewswire/ -- CleanSpark, Inc. (Nasdaq: CLSK) (the "Company"), America's Bitcoin Miner™, today reported financial results for the three months ended March 31, 2024. The Company will hold its earnings call today at 1:30 p.m.

CleanSpark Reports Second Quarter FY2024 Financial Results

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Scott Garrison and Taylor Monnig promoted to new C-suite positions LAS VEGAS , May 8, 2024 /PRNewswire/ -- CleanSpark Inc. (Nasdaq: CLSK), America's Bitcoin Miner™, today announced the appointments of Scott Garrison as chief operating officer and Taylor Monnig as chief technology officer. Garrison, previously SVP of growth, and Monnig, previously SVP of mining technology, have been critical in CleanSpark's remarkable growth.

CleanSpark Names Chief Operating Officer and Chief Technology Officer

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News for CleanSpark Stock (CLSK)