
CleanSpark (CLSK) Stock Forecast & Price Target
CleanSpark (CLSK) Analyst Ratings
Bulls say
Cleanspark Inc. reported a substantial increase in revenues for F1Q, reaching $162.3 million, which reflects a significant 82% quarter-over-quarter growth attributed to higher average bitcoin prices and an increase in bitcoin production. The company achieved an adjusted EBITDA of $61.0 million, leading to an impressive adjusted EBITDA margin of 37.6%, showcasing remarkable operational efficiency improvements compared to the previous quarter. Additionally, Cleanspark demonstrated strong profitability with a GAAP diluted EPS of $0.83, marking a significant turnaround from a loss in the prior quarter, further underscoring the company's positive financial trajectory.
Bears say
Cleanspark Inc. faces several fundamental challenges that contribute to a negative outlook on its stock. Significant concerns include the company's vulnerability to fluctuations in Bitcoin prices and an increasing global hash rate, both of which could adversely affect profitability given its reliance on the mining industry. Additionally, potential risks such as unfavorable regulations, rising operational costs, and shareholder dilution due to past equity sales further complicate the company's financial stability and growth prospects.
This aggregate rating is based on analysts' research of CleanSpark and is not a guaranteed prediction by Public.com or investment advice.
CleanSpark (CLSK) Analyst Forecast & Price Prediction
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