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.

Bitcoin holdings continue to grow, now at 1,677 BTC Monthly production among industry leaders at 659 bitcoin mined for August Achieves operating hashrate of 9.3 EH/s LAS VEGAS , Sept. 5, 2023 /PRNewswire/ -- CleanSpark, Inc. (Nasdaq: CLSK), America's Bitcoin Miner™, today released its unaudited bitcoin mining and operations update for the month ending August 31, 2023.

CleanSpark Releases August 2023 Bitcoin Mining Update

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

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Stronghold Digital (SDIG), Hive Digital (HIVE) and Cleanspark (CLSK) are three bitcoin-exposed stocks that must be tracked as the premiere cryptocurrency faces its most dreaded month.

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CleanSpark (CLSK), Stronghold (SDIG) and HIVE Digital (HIVE) are three crypto mining stocks that are steadily growing in the 2023 crypto rebound.

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In 2023, Bitcoin mining stocks have skyrocketed in value, due to the rise in the cryptocurrency's price. The next Bitcoin halving in 2024 could change the dynamic of the mining industry, putting an emphasis on efficiency and cost reduction.

Better Buy: Riot Platforms or CleanSpark?

“This takes uncertainty off the table.” Profit exceeded third-quarter expectations.

CleanSpark Stock Jumps 16% After Revealing Funding For Expansion Is Complete

Achieved record revenue for the quarter of $45.5 million, net loss of $(14.2) million and Adjusted EBITDA of $13.3 million Reports current cash and bitcoin holdings of $125 million; 16 EH/s target now fully funded Reports operating hashrate over 9 EH/s, tripling hashrate year over year LAS VEGAS , Aug. 9, 2023 /PRNewswire/ -- CleanSpark, Inc. (Nasdaq: CLSK) (the "Company"), America's Bitcoin Miner™, today reported financial results for the three and nine months ended June 30, 2023. "We have fully funded our growth to 16 EH/s," said Zach Bradford, CEO.

CleanSpark Reports Third Quarter FY2023 Financial Results; Announces 16 EH/s Expansion Fully Funded

ATLANTA, GA / ACCESSWIRE / August, 9, 2023 / BitMine Immersion Technologies, Inc. (OTC PINK:BMNR) ("BitMine," the "Company"), a technology company specializing in immersion technology for Bitcoin mining, is pleased to announce the appointment of Lori Love to its board of directors. Lori has vast experience in both Bitcoin mining as well as helping to grow an important public company miner into a substantial organization.

BitMine Immersion Technologies Appoints former Cleanspark CFO Lori Love to Its Board of Directors

Drive for efficiency and capacity aims to make crypto miner profitable after new bitcoin supply is halved next year.

CleanSpark's Computing Power Push Likely To Keep It In The Red

CleanSpark (CLSK) is likely to witness a year-over-year increase in revenues in the third quarter of 2023.

CleanSpark (CLSK) to Report Q3 Earnings: What's in the Offing?

Bitcoin holdings doubled to 1,061 BTC, hashrate hit all time high of 9 exahashes per second (EH/s), and production increased 17% month over month LAS VEGAS , Aug. 2, 2023 /PRNewswire/ -- CleanSpark, Inc. (Nasdaq: CLSK), America's Bitcoin Miner™, today released its unaudited bitcoin mining and operations update for the month ending July 31, 2023. "In less than one month we brought 2.3 EH/s of capacity online and doubled our bitcoin holdings," said CleanSpark CEO Zach Bradford.

CleanSpark Releases July 2023 Bitcoin Mining Update

LAS VEGAS , July 25, 2023 /PRNewswire/ -- CleanSpark Inc. (Nasdaq: CLSK), America's Bitcoin Miner™, announced today it has reached an all-time hashrate high of 8.5 exahashes per second (EH/s) as its Washington and Dalton, Georgia, campuses continue to come fully online. "We have nearly tripled our hashrate in just a year," said Zach Bradford, CEO.

CleanSpark Announces Fiscal Third Quarter 2023 Webcast; Reaches New Hashrate High of 8.5 EH/s

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The Washington, GA, expansion is expected to increase CleanSpark's operating capacity by nearly 30% upon full deployment LAS VEGAS , July 13, 2023 /PRNewswire/ -- CleanSpark Inc. (Nasdaq: CLSK), America's Bitcoin Miner™, today announced that phase two of its mining campus in Washington, Georgia, is live. The site is expected to increase the Company's bitcoin mining compute power (or hashrate) by 1.8 exahashes per second (EH/s) to 8.5 EH/s, or over half of its 16 EH/s target for year-end.

CleanSpark's Bitcoin Production Achieves 8 EH/s as $55M Expansion Goes Live

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Hut 8 Mining (HUT), Riot Platforms (RIOT) & Cleanspark (CLSK) are increasing their hash rate, and positioning themselves to buy more machines in the long run.

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CleanSpark (CLSK) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.

CleanSpark (CLSK) Soars 8.6%: Is Further Upside Left in the Stock?

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Bitcoin had been moving higher this week until ADP's June jobs data and the Federal Reserve's June meeting minutes came out recently. CleanSpark announced this week that it mined 491 Bitcoin tokens in June.

Why CleanSpark, Riot Platforms, and BIT Mining Limited Are Rising This Week

Crypto mining stocks are up again, as the price of Bitcoin ( BTC-USD ) hit a 12-month high of over $31,000 before pulling back. Bitcoin was selling for $30,790 early on July 6.

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The Bitcoin miner benefited from some good news announced by a crypto exchange operator. It also published an encouraging business update.

Why CleanSpark Stock Rocketed 14% on Monday

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Company mined 1,624 bitcoins during the quarter, while the Company's bitcoin holdings grew 170% quarter over quarter LAS VEGAS , July 3, 2023 /PRNewswire/ -- CleanSpark, Inc. (Nasdaq: CLSK), America's Bitcoin Miner™, today released its unaudited bitcoin mining and operations update for the month ending June 30, 2023. CleanSpark mined 1,624 bitcoins during the quarter, while its bitcoin holdings grew 170% quarter over quarter "We made substantial progress growing our bitcoin holdings this quarter, while continuing to advance our growth plans," said Zach Bradford, CEO.

CleanSpark Releases June 2023 Bitcoin Mining Update

CleanSpark acquired nearly 1 EH/s of Bitcoin mining power for $9.3 million, significantly increasing their total hashrate and positioning them for potential growth. The company generated $42.5 million in revenue in Q2 2023, with Bitcoin mining revenue making up the majority of their earnings. CleanSpark is on track to achieve 16 EH/s of Bitcoin mining hash power by the end of 2023, potentially generating annual revenue of $320-400 million.

News for CleanSpark Stock (CLSK)