CleanSpark
CLSK
Market cap $2.43B

9.59 USD

+0.93

10.74%

At close Oct 11, 4:00 PM EDT

After hours

9.57

-0.02

0.21%

1 day

10.74%

5 days

-0.10%

1 month

3.23%

3 months

-35.90%

6 months

-39.57%

Year to date

-11.86%

1 year

156.42%

5 years

83.72%

About: Cleanspark Inc is a bitcoin mining company. Through CleanSpark, Inc., and the Company's wholly owned subsidiaries, the company mines bitcoin. The company entered the bitcoin mining industry through its acquisition of ATL. Bitcoin mining is the sole reportable segment of the company.

Employees: 131

Financials Finance Services

0

Funds holding %

of 6,740 funds

0

Analysts bullish %

of 8 analysts

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

97% more first-time investments, than exits

New positions opened: 63 | Existing positions closed: 32

78% more repeat investments, than reductions

Existing positions increased: 98 | Existing positions reduced: 55

50% more funds holding in top 10

Funds holding in top 10: 2 [Q1] → 3 (+1) [Q2]

15% more funds holding

Funds holding: 207 [Q1] → 238 (+31) [Q2]

7% less call options, than puts

Call options by funds: $178M | Put options by funds: $190M

6.23% less ownership

Funds ownership: 51.32% [Q1] → 45.09% (-6.23%) [Q2]

24% less capital invested

Capital invested by funds: $2.15B [Q1] → $1.64B (-$510M) [Q2]

See Fund Rankings

Research analyst outlook

8 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$10.50

9%

upside

Avg. target

$23

135%

upside

High target

$27

182%

upside

8 analyst ratings

7 positive

88%

1 neutral

13%

0 negative

0%

Cantor Fitzgerald Brett Knoblauch 39% 1-year accuracy 28 / 72 met price target	140%upside $23	Overweight Reiterated	3 Oct 2024
Macquarie Paul Golding 72% 1-year accuracy 18 / 25 met price target	109%upside $20	Outperform Initiated	25 Sept 2024
HC Wainwright & Co. Mike Colonnese 20% 1-year accuracy 9 / 46 met price target	182%upside $27	Buy Reiterated	25 Sept 2024
HC Wainwright & Co. Mike Colonnese 20% 1-year accuracy 9 / 46 met price target	182%upside $27	Buy Reiterated	11 Sept 2024
Cantor Fitzgerald Brett Knoblauch 39% 1-year accuracy 28 / 72 met price target	140%upside $23	Overweight Reiterated	3 Sept 2024

See Analyst Rankings

Financial journalist opinion

Based on 9 articles about CLSK published over the past 30 days

CleanSpark Achieves 30 EH/s

Expects to continue growth to 50 EH/s in 2025 LAS VEGAS , Oct. 10, 2024 /PRNewswire/ -- CleanSpark Inc. (Nasdaq: CLSK), America's Bitcoin Miner® (the "Company"), today announced it has achieved 30 EH/s (exahashes per second) in operational hashrate. The Company's hashrate has surged 200% since October 2023 through significant organic growth paired with turn-key acquisitions and the execution of a fleet upgrade, improving efficiency during the same period by nearly 20% and boosting the number of operational machines by 112%.

CleanSpark Achieves 30 EH/s

CleanSpark Names Chief Accounting Officer

Brian Carson was promoted from his previous role, director of financial reporting LAS VEGAS , Oct. 7, 2024 /PRNewswire/ -- CleanSpark Inc. (Nasdaq: CLSK), America's Bitcoin Miner® (the "Company"), has announced the appointment of Brian Carson as chief accounting officer. In his prior role as director of financial reporting at CleanSpark, Carson led teams responsible for financial closing activities, report management, spend analysis, system-implementations, training, and auditing.

CleanSpark Names Chief Accounting Officer

CleanSpark Reaches 28.7 EH/s in Hashrate

Full operations have been materially restored from Hurricane Helene LAS VEGAS , Oct. 7, 2024 /PRNewswire/ -- CleanSpark Inc. (Nasdaq: CLSK), America's Bitcoin Miner® (the "Company"), today announced normal operations have resumed after 365 MW of power was shut down in the wake of Hurricane Helene. The Company's hashrate has since reached 28.7 EH/s.

CleanSpark Reaches 28.7 EH/s in Hashrate

CleanSpark Releases September 2024 Bitcoin Mining Update

Company finishes FY2024 with over 8,000 bitcoin in treasury, reaching 27.6 EH/s in hashrate and 552 MW of operational capacity at wholly-owned sites, increases of 258%, 187% and 132% from FY2023 respectively Despite the halving, CleanSpark exceeds FY2023 production LAS VEGAS , Oct. 3, 2024 /PRNewswire/ -- CleanSpark Inc. (Nasdaq: CLSK), America's Bitcoin Miner® (the "Company"), today released its unaudited bitcoin mining and operations update for the month ending September 30, 2024. "I would like to thank the communities where we operate for their continued support following Hurricane Helene.

CleanSpark Releases September 2024 Bitcoin Mining Update

CleanSpark: Extremely Compelling Valuation Drives Bull Case

CleanSpark's stock has broken down significantly, but its valuation and scale in Bitcoin mining present a compelling buying opportunity despite high short interest. CleanSpark's capacity expansion and substantial Bitcoin holdings enhance its competitive positioning and potential correlation with Bitcoin's price. The stock's valuation against Bitcoin has contracted without fundamental reasons, suggesting a potential upside as this contraction unwinds.

CleanSpark: Extremely Compelling Valuation Drives Bull Case

CleanSpark Provides Update on Hurricane Helene

Employees and infrastructure are safe LAS VEGAS , Sept. 30, 2024 /PRNewswire/ -- CleanSpark Inc. (Nasdaq: CLSK), America's Bitcoin Miner® (the "Company") today provided comments and updates on the impact of Hurricane Helene.

CleanSpark Provides Update on Hurricane Helene

Zacks Investment Research

Wall Street Bulls Look Optimistic About CleanSpark (CLSK): Should You Buy?

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 Bulls Look Optimistic About CleanSpark (CLSK): Should You Buy?

GRIID INFRASTRUCTURE INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of GRIID Infrastructure Inc- GRDI

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of GRIID Infrastructure Inc. (NasdaqGM: GRDI) to CleanSpark Inc. (NasdaqCM: CLSK). Under the terms of the proposed transaction, shareholders of GRIID will receive shares of CleanSpark common stock based upon an exchange ratio equal to the quotient obtained by dividing the aggregate merger consideration by the tot.

GRIID INFRASTRUCTURE INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of GRIID Infrastructure Inc- GRDI

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

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

Zacks Investment Research

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

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?

See News Rankings

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