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.

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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.

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.

CleanSpark: Recent Bitcoin Mining Site Deal Wins A Growth Spark; Promising Long-Term Buy

The facilities will host some of the most power-efficient miners on the market, from orders paid for earlier this year The facilities will host some of the most power-efficient miners on the market, from orders paid for earlier this year

CleanSpark to Acquire Turnkey Bitcoin Mining Facilities for $9.3M in All-cash Deal

Here is how CleanSpark (CLSK) and Fathom Holdings (FTHM) have performed compared to their sector so far this year.

Is Cleanspark (CLSK) Outperforming Other Business Services Stocks This Year?

LAS VEGAS, June 13, 2023 (GLOBE NEWSWIRE) -- CleanSpark Inc. (Nasdaq: CLSK), America's Bitcoin Miner™, today announced that Executive Chairman Matthew Schultz and Chief Financial Officer Gary Vecchiarelli will meet with investors and present at conferences this summer to discuss the Company's operational efficiency and growth strategy.

CleanSpark Announces Participation at Upcoming Investor Conferences this Summer

The Company's bitcoin holdings grew 44%; Bitcoin mined increased 16% in May, to 609 BTC The Company's bitcoin holdings grew 44%; Bitcoin mined increased 16% in May, to 609 BTC

CleanSpark Releases May 2023 Bitcoin Mining Update

Total hashrate of deployed machines and those under contract for delivery now exceeds CleanSpark's year-end guidance of 16 EH/s Total hashrate of deployed machines and those under contract for delivery now exceeds CleanSpark's year-end guidance of 16 EH/s

CleanSpark Buys 12,500 Antminer S19 XP Bitcoin Miners for $40.5M

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Why Shares of CleanSpark, Bit Digital, and Canaan Are Rising Today

CleanSpark, Inc. (NASDAQ:CLSK ) Q2 2023 Earnings Conference Call May 10, 2023 4:30 PM ET Company Participants Isaac Holyoak - Chief Communications Officer Zach Bradford - CEO Gary Vecchiarelli - CFO Conference Call Participants Mike Colonnese - H.C. Wainwright Will Carlson - Cantor Fitzgerald Greg Lewis - BTIG Operator Good afternoon, my name is Jean-Louis and I will be your conference operator today.

CleanSpark, Inc. (CLSK) Q2 2023 Earnings Call Transcript

Second quarter revenue of $ 42.5 million, GAAP net loss of $(18.5) million and Adjusted EBITDA of $12.7 million; Mined 1,871 Bitcoin, a 109% increase over same prior year period LAS VEGAS , May 10, 2023 /PRNewswire/ -- CleanSpark, Inc. (Nasdaq: CLSK) (the "Company"), America's Bitcoin Miner™, today reported financial results for the three and six months ended March 31, 2023. CleanSpark mined 1,871 bitcoin in its fiscal 2023 second quarter, a 109% increase over same prior year period.

CleanSpark Reports Second Quarter FY2023 Financial Results

Company mined 524 bitcoin in April; Increased bitcoin holdings 60% to 313 Company mined 524 bitcoin in April; Increased bitcoin holdings 60% to 313

CleanSpark Releases April 2023 Bitcoin Mining Update

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These top Bitcoin miners are seeing incredible pressure as the price of Bitcoin declines. These outsize moves highlight the very high correlation these stocks have to crypto prices.

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CleanSpark (CLSK) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.

Strength Seen in CleanSpark (CLSK): Can Its 14.6% Jump Turn into More Strength?

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CleanSpark has led the way with an impressive weekly move of nearly 60%, on an announced mining-rig order. Other U.S.-based Bitcoin miners have seen sympathy moves, though to a smaller degree.

Why Riot Platforms, TeraWulf, and CleanSpark Stocks Surged Today

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The price of Bitcoin moved past $30,000 today for the first time in 10 months. CleanSpark announced the purchase of 45,000 new Bitcoin-mining machines that will significantly increase its computing power.

Why Shares of Canaan, CleanSpark, and Bitfarms Are Rising Today

CleanSpark Inc. (NASDAQ: CLSK), one of the largest Bitcoin mining companies in the world, has announced the purchase of an additional 45,000 Antminer S19 XP mining machines. The Bitcoin miner bought the new machines for a total of $144.9 million, according to details shared in a news release on Tuesday.

CleanSpark shares jump 10% as firm announces purchase of 45,000 bitcoin miners

The Antminer S19 XP units are the most power-efficient bitcoin mining machines available today; CleanSpark now has approximately 15.9 EH/s of machines on hand or under contract for delivery this year, edging closer to its year-end guidance of 16 EH/s The Antminer S19 XP units are the most power-efficient bitcoin mining machines available today; CleanSpark now has approximately 15.9 EH/s of machines on hand or under contract for delivery this year, edging closer to its year-end guidance of 16 EH/s

CleanSpark to Double its Bitcoin Mining Capacity with $144.9M Expansion Deal

LAS VEGAS, April 10, 2023 (GLOBE NEWSWIRE) -- CleanSpark, Inc. (Nasdaq: CLSK), America's Bitcoin Miner™, today announced that CEO and President Zach Bradford, Executive Chairman Matthew Schultz, and Chief Financial Officer Gary Vecchiarelli will meet with investors and present at two conferences this spring to discuss capital strategy, the evolution of sustainable bitcoin mining, and how bitcoin can incentivize energy development.

CleanSpark Announces Participation at Upcoming Investor Conferences this Spring

Company mines 598 bitcoin in the month; Ends the first quarter of the calendar year with 1,871 bitcoin mined, up 22% from the prior quarter; 50MW Washington expansion on schedule Company mines 598 bitcoin in the month; Ends the first quarter of the calendar year with 1,871 bitcoin mined, up 22% from the prior quarter; 50MW Washington expansion on schedule

CleanSpark Releases March 2023 Bitcoin Mining Update

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News for CleanSpark Stock (CLSK)