
CleanSpark (CLSK) Stock Forecast & Price Target
CleanSpark (CLSK) Analyst Ratings
Bulls say
Cleanspark Inc. has demonstrated significant growth in its Bitcoin holdings, with a year-to-date increase of 30.7%, bringing its total to 13,011 Bitcoins. The company's operational efficiency is also highlighted by an increase in its average operating hash rate to 45.6 EH/s, marking an improvement from 43 EH/s in the previous month. Despite increased competition reflected in the rising average network hash rate, Cleanspark's robust performance in mining and asset accumulation indicates a strong position in the Bitcoin mining segment.
Bears say
Cleanspark Inc. has experienced a decline in its market share of bitcoin mining, dropping from 5.8% to 4.9% since June, which may indicate increasing competition and falling market positioning. The company's estimated bitcoin mining revenue for September was $71.4 million, reflecting a month-over-month decrease of 5.7% from August's $75.7 million, alongside a reduction in mined bitcoins from 657 to 629. Additionally, Cleanspark has faced downward revisions in revenue and adjusted EBITDA estimates for FY25 and FY26, suggesting ongoing financial challenges and uncertainty within its operational environment.
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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