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.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

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.

LAS VEGAS , Sept. 17, 2024 /PRNewswire/ -- CleanSpark Inc. (Nasdaq: CLSK), America's Bitcoin Miner® (the "Company") today announced it has acquired two Bitcoin mining sites and associated land near Clinton, Mississippi, and closed on its second site in Wyoming.

CleanSpark Acquires Two Additional Sites in Mississippi and Closes Second Site in Wyoming

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?

Wall Street Analysts Think CleanSpark (CLSK) Is a Good Investment: Is It?

Recent expansions totaling 65 MW of capacity increase Company hashrate by 3.2 EH/s LAS VEGAS , Sept. 12, 2024 /PRNewswire/ -- CleanSpark Inc. (Nasdaq: CLSK), America's Bitcoin Miner® (the "Company") today announced it has energized the 50 MW final phase of its 150 MW expansion in Sandersville, GA.

CleanSpark Hashrate Exceeds 26 EH/s

Amazon

Bitfarms Ltd

Bit Digital, Inc

Bitdeer Technologies Group

Cipher Mining

Core Scientific Inc

Equinix

Alphabet

Hive Blockchain Technologies Ltd

Hewlett Packard

Hut 8 Mining Corp

Iris Energy Ltd

Marathon Digital Holdings

Microsoft

NVIDIA

Oracle

Riot Blockchain

Terawulf

Bitcoin miners are consolidating as crypto prices drop, but have something that deep-pocket AI developers need badly. Here's what's up.

Bitcoin Miners Diversify, Chase Lucrative AI Deals

Expected to add over 85 MW of immediately available capacity LAS VEGAS , Sept. 11, 2024 /PRNewswire/ -- CleanSpark Inc. (Nasdaq: CLSK), America's Bitcoin Miner® (the "Company") today announced it has entered into definitive agreements to acquire seven bitcoin mining facilities and certain associated land in the Knoxville, Tennessee, area for total cash payments of $27.5 million, or approximately $324,000 per megawatt.

CleanSpark to Add 5 EH/s and Increase 2024 Guidance With Acquisition of Seven Additional Bitcoin Mining Facilities in Tennessee

Cleanspark Inc. CLSK, a well-known Bitcoin BTC/USD miner, has had a roller coaster of a year. While the stock is still up 87% over the last year, it's taken a sharp nosedive recently — down 22.1% year-to-date and a staggering 30.48% in just the last month.

CleanSpark Nears Death Cross As Bitcoin Production Slows: More Pain Ahead?

Mined 478 bitcoin and increased total operating hashrate by 1.4 EH/s during August 65 MW of data center capacity expected to come online in September LAS VEGAS , Sept. 3, 2024 /PRNewswire/ -- CleanSpark Inc. (Nasdaq: CLSK), America's Bitcoin Miner®, today released its unaudited bitcoin mining and operations update for the month ending August 31, 2024.

CleanSpark Releases August 2024 Bitcoin Mining Update

Iris Energy IREN is charging ahead in the Bitcoin BTC/USD mining arena, setting its sights on a substantial leap in computational power.

Iris Energy Joins CleanSpark, Marathon, Riot In Race For Bitcoin Mining Capacity Milestone By 2025: JPMorgan

Bitcoin miners faced a challenging second quarter of 2024, navigating the fourth Bitcoin BTC/USD halving event that slashed their daily coin yields in half.

Bitcoin Halving Squeezes Miners, But Marathon, CleanSpark Stand Out: JPMorgan

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.

CleanSpark (CLSK) Is Considered a Good Investment by Brokers: Is That True?

CleanSpark (CLSK) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

All You Need to Know About CleanSpark (CLSK) Rating Upgrade to Buy

August 2024 was supposed to be a period of great optimism for the cryptocurrency and blockchain landscape. Although the vast use cases of blockchain technology are growing way beyond the confines of crypto, the price of Bitcoin ( BTC-USD ) will invariably have a major impact on the performance of stocks in the industry in the short term.

3 Blockchain Stocks to Sell in August Before They Crash & Burn

CleanSpark's stock slumped after its latest earnings miss. But it looks undervalued relative to its long-term growth potential.

CleanSpark Stock: Buy, Sell, or Hold?

Eli Lilly

CarGurus

Hyatt Hotels

Hillenbrand

Robinhood

PureCycle Technologies

Plug Power

Triumph Group

Trade Desk

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page.

Eli Lilly To Rally Around 15%? Here Are 10 Top Analyst Forecasts For Monday

FY2024 Third Quarter Revenue of $104.1 million, net loss of ($236.2) million and Adjusted EBITDA of ($12.7) million   Revenue grows 129% year over year  Current hashrate surpasses 22 EH/s  Partners with Coinbase on $50 million line of credit LAS VEGAS , Aug. 9, 2024 /PRNewswire/ -- CleanSpark, Inc. (Nasdaq: CLSK) (the "Company"), America's Bitcoin Miner®, today reported financial results for the three months ended June 30, 2024. "We had a tremendous quarter with a 24% increase in hashrate during the quarter and an 21% increase in efficiency year to date.

CleanSpark Reports Third Quarter FY2024 Financial Results

LAS VEGAS , Aug. 9, 2024 /PRNewswire/ -- CleanSpark Inc. (Nasdaq: CLSK), America's Bitcoin Miner® announced the new date and time for its fiscal third quarter 2024 financial results, now scheduled for today, August 9, 2024, at 4:30 PM ET / 1:30 PM PT. Webcast Information: To view the webcast, please click here.

CleanSpark Announces New Date and Time of Third Quarter 2024 Financial Results Webcast

LAS VEGAS , Aug. 8, 2024 /PRNewswire/ -- CleanSpark Inc. (Nasdaq: CLSK), America's Bitcoin Miner®, today announced the postponement of its fiscal third quarter 2024 financial results initially scheduled for today August 8, 2024, at 4:30 PM ET / 1:30 PM PT. The Company intends to provide the updated time and webcast details in a subsequent release.

CleanSpark Postpones Third Quarter 2024 Financial Results Webcast

Bitwise Bitcoin ETP Trust

Grayscale Bitcoin Mini Trust BTC

WisdomTree Bitcoin Fund

Fidelity Wise Origin Bitcoin Fund

Grayscale Bitcoin Trust

iShares Bitcoin Trust

Bitcoin price rebounded above $57,000 Thursday, supported by institutional investors. Spot bitcoin ETFs, bitcoin miners jump.

Bitcoin Price Rebounds To $57,000; ETFs Surge As Outflow Streak Pauses

Rivian Automotive

Rivian is working to scale up its business over the next few years. CleanSpark is carving out a high-growth niche in low-carbon Bitcoin mining.

Want $1 Million in Retirement? Invest $100,000 in These 2 Stocks and Wait a Decade.

CleanSpark's (CLSK) third-quarter fiscal 2024 results are likely to reflect its aggressive expansion strategy and low-cost operational base.

Should You Buy, Sell, or Hold CleanSpark (CLSK) Before Q3 Earnings?

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?

Wall Street Analysts See CleanSpark (CLSK) as a Buy: Should You Invest?

Cryptocurrencies were hardly a favored asset class on the day, and that sentiment leaked into crypto mining titles. For the most part, these closed down notably from their Friday levels.

Why Crypto Mining Stocks Tumbled Today

Apple

Bank of America

Coinbase

Bitcoin price unraveled 17% by early Monday, ethereum turns negative on the year. Cryptocurrencies sell off amid market downturn.

Bitcoin Price Tumbles To Six-Month Low, Cryptocurrency Markets Enter 'Panic Mode'

CleanSpark's acquisition of GRIID Infrastructure for $155 million could be viewed as costly due to GRIID's financial struggles. However, the acquisition allows CleanSpark to expand its mining footprint and increase power capacity, positioning it well in the competitive industry. CleanSpark's aggressive expansion strategy and use of renewables have led to better performance compared to competitors like Marathon Digital Holdings.

CleanSpark: Acquiring GRIID Is Positive Amid Industry Consolidation

Mines 494 bitcoin during the month and increases treasury by 567% compared to same prior-year period Officially expands into Wyoming and Tennessee LAS VEGAS , Aug. 2, 2024 /PRNewswire/ -- CleanSpark Inc. (Nasdaq: CLSK), America's Bitcoin Miner®, today released its unaudited bitcoin mining and operations update for the month ending July 31, 2024. "We made significant progress in two new states this month," said Zach Bradford, CEO.

News for CleanSpark Stock (CLSK)