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.

CleanSpark reports stellar FY 2024 results, eyes sustainable Bitcoin growth

CleanSpark's fiscal year 2024 showcased remarkable financial performance, marked by substantial revenue growth and improved operational efficiency.
The company's strategic focus on Bitcoin mining and infrastructure expansion, coupled with a strong balance sheet, positions it for sustainable growth.
While challenges exist in balancing priorities and managing growth, CleanSpark's commitment to innovation and exploration of new opportunities presents a promising outlook.

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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.

SALT LAKE CITY, Dec. 10, 2021 (GLOBE NEWSWIRE) -- CleanSpark Inc. (Nasdaq: CLSK) (the "Company" or "CleanSpark"), a sustainable bitcoin mining and energy technology company, today invited shareholders, market analysts and other interested parties to its fourth quarter and full year 2021 earnings call.

CleanSpark Invites Public to Fourth Quarter and Full Year 2021 Earnings Call

CleanSpark Inc (NASDAQ:CLSK) said it has purchased new immersion cooling infrastructure for its Norcross bitcoin mining facility that is expected to increase mining efficiency by at least 20%. The 20 megawatt (MW) project will consist of 180 liquid-filled tanks, each containing 33 units of the Antminer S19j Pro machines, which CleanSpark said are the newest generation series of bitcoin miners on the market, fully immersed in a proprietary cooling liquid.

CleanSpark adds new immersion cooling infrastructure at its Norcross bitcoin mining facility that will increase efficiency

It will be among the first large-scale datacenters of its type in North America It will be among the first large-scale datacenters of its type in North America

CleanSpark Announces New 20 MW Immersion Cooling Initiative at Norcross Bitcoin Mining Facility

The stock price of CleanSpark, Inc. (Nasdaq: CLSK) increased by over 10% during intraday trading today. This is why it happened.

CleanSpark Stock (CLSK): Why The Price Jumped Today

Daily production is up 4.3% for November to 7.3 BTC per day Daily production is up 4.3% for November to 7.3 BTC per day

CleanSpark Announces November Bitcoin Mining Updates

New ‘look and feel' unifies the company's business segments—sustainable bitcoin mining and renewable energy technology New ‘look and feel' unifies the company's business segments—sustainable bitcoin mining and renewable energy technology

CleanSpark Unveils New Brand Identity to Unify its Business Segments

SALT LAKE CITY, Nov. 29, 2021 (GLOBE NEWSWIRE) -- CleanSpark Inc. (Nasdaq: CLSK) (the "Company" or "CleanSpark"), a sustainable bitcoin mining and energy technology company, today announced it will release fourth quarter and full year 2021 financial results December 14 after the U.S. market closes. The release will be followed by an investor conference call at 5:00 p.m. ET to discuss the results.

CleanSpark Announces Timing of Fourth Quarter and Full Year 2021 Earnings Release

CleanSpark Inc (NASDAQ:CLSK) has announced the purchase of an additional 2,597 units of the Antminer S19 bitcoin (BTC) mining machines. The company said the new S19 machines will increase its hashrate by over 250 peta hashes per second (PH/s), a nearly 20% improvement from its current hashrate.

CleanSpark buys more bitcoin mining machines; says spot market pricing is favorable

The new S19 machines will increase CleanSpark's hashrate by over 250 PH/s, a nearly 20% increase of its current hashrate The new S19 machines will increase CleanSpark's hashrate by over 250 PH/s, a nearly 20% increase of its current hashrate

Seizing Spot Market Opportunity, CleanSpark Secures More Bitcoin Mining Machines for Immediate Delivery

Coinbase

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Cryptocurrencies were on fire this past weekend.

Why Coinbase, Riot Blockchain, and CleanSpark Stocks All Spiked Higher Today

Develops energy-control software and builds microgrids Launching mVoult residential microgrid product Successfully expanded into bitcoin mining with data centers acquisition What CleanSpark does:  CleanSpark Inc (NASDAQ:CLSK), based in Bountiful, Utah, has developed software to help companies and homes become more energy-efficient, and is also now big in bitcoin mining. The company designs and builds microgrids while providing engineering, consulting and turn-key implementation services.

CleanSpark has software that helps companies become more energy efficient and mines bitcoin

CleanSpark Inc (NASDAQ:CLSK) has released an unaudited Bitcoin production and operations update, saying that it held 720 of the cryptocurrency as of October 31, 2021.   Additionally, the company, as part of its monthly production and operations update, announced that it will release such data every month to set new standards of transparency in the Bitcoin mining industry.

CleanSpark closed October with 720 Bitcoins

Delivery of the rigs will add 225 PH/s of hashrate capacity; 26,830 new miners now slated for delivery over next 12 months Delivery of the rigs will add 225 PH/s of hashrate capacity; 26,830 new miners now slated for delivery over next 12 months

As Bitcoin Reaches All-time Highs, Sustainable Bitcoin Miner CleanSpark Adds New Miners

The stock price of CleanSpark Inc (NASDAQ: CLSK) increased by over 9% this past week. This is why it happened.

CLSK Stock: Why It Increased This Past Week

CleanSpark Inc. announced the purchase of 4,500 units of the Antminer S19 bitcoin mining machine, which was partially funded through a portion of the company's bitcoin holdings.  The Nevada-based energy technology and clean bitcoin mining company said the delivery of the machines is scheduled to start next month and be completed by July 2022.

CleanSpark uses its mined bitcoin to fund 4,500 newest generation miners

SALT LAKE CITY, Oct. 12, 2021 /PRNewswire/ -- CleanSpark, Inc. (Nasdaq: CLSK) (the "Company" or "CleanSpark"), a sustainable bitcoin mining and diversified energy company, today announced its purchase of 4,500 units of the Antminer S19 bitcoin (BTC) mining machine. The purchase was partially funded through a portion of the Company's BTC holdings.

CleanSpark Uses Bitcoin to Fund 4,500 Newest Generation Miners

Here's what's behind today's impressive increase in investor interest around CleanSpark and CLSK stock, given today's mixed price action. The post CLSK Stock: What Is Going on With Red-Hot CleanSpark Today?

CLSK Stock: What Is Going on With Red-Hot CleanSpark Today?

CleanSpark Inc (NASDAQ: CLSK) and Digital Currency Group, Inc. subsidiary Foundry Digital LLC announced that CleanSpark had transitioned all of its bitcoin mining power to Foundry USA Pool. CleanSpark has now added computing power of over one exahash, generated by over 10,000 latest-generation bitcoin mining machines, to the Foundry USA Pool.

CleanSpark Transitions All Bitcoin Mining Power To Foundry USA Pool

CleanSpark Inc. and Foundry Digital LLC, a wholly-owned subsidiary of Digital Currency Group Inc. (DCG), have jointly announced that CleanSpark has transitioned all of its bitcoin mining power to Foundry USA Pool.

CleanSpark transitions all of its bitcoin mining power to Foundry USA Pool

SALT LAKE CITY, Sept. 27, 2021 /PRNewswire/ -- CleanSpark, Inc. (Nasdaq: CLSK) (the "Company" or "CleanSpark"), a sustainable bitcoin mining and diversified energy company, and Foundry Digital LLC ("Foundry"), a wholly-owned subsidiary of Digital Currency Group, Inc. ("DCG") focused on digital asset mining and staking, jointly announced that CleanSpark has transitioned all of its bitcoin mining power to Foundry USA Pool.

CleanSpark Transitions Over One Exahash of Sustainable Bitcoin Mining Power to Foundry USA Pool

Analysts at Water Tower Research said CleanSpark Inc “is well-positioned to capitalize” on the long-term secular growth trend in the microgrid markets. CleanSpark's software - mPluse and mVSO (Microgrid Value Stream Optimizer) - enables a microgrid to be scaled to the user's specific needs and can be used by agricultural, commercial, industrial enterprises as well as the military and municipal governments, and residential users.

Water Tower Research says CleanSpark ‘well-positioned to capitalize' on microgrid market growth while scaling its Bitcoin mining operations

SALT LAKE CITY, Sept. 20, 2021 (GLOBE NEWSWIRE) -- CleanSpark, Inc. (Nasdaq: CLSK) (the "Company" or "CleanSpark"), a sustainable bitcoin mining and diversified energy company announced today that Matthew Schultz, Executive Chairman, will participate in a fireside chat at the BTIG Future of Digital Assets Conference Wednesday, September 22.

CleanSpark's Executive Chairman to Participate in Fireside Chat on Bitcoin Mining at BTIG Conference

CleanSpark Inc has outlined the benefits of nearly $145 million of investment to the community of Gwinnett County in Georgia, as it announced a tie-up with the public-private initiative Partnership Gwinnett as the company brings its data center to the city of Norcross. In August this year, the firm closed on the acquisition of the 87,000 square foot (sq ft) , seven acre, data center in Norcross, Georgia, to substantially increase the company's Bitcoin mining operation.

CleanSpark working with Partnership Gwinnett as it announces $145 million investment into the Georgia county

SALT LAKE CITY, Sept. 16, 2021 (GLOBE NEWSWIRE) -- CleanSpark, Inc. (Nasdaq: CLSK) (the "Company" or "CleanSpark"), a sustainable bitcoin mining and diversified energy company, joined Partnership Gwinnett to announce expected capital and human investments of nearly $145 million over the next five years at CleanSpark's data center in Norcross, Georgia.

CleanSpark Joins with Partnership Gwinnett to Announce $145 Million in Capital and Human Investments

Cleanspark Inc (NASDAQ:CLSK) is trading higher Monday after the company announced that CEO Zach Bradford will participate in Water Tower Research's Sustainable Investing Fireside Chat Series to discuss the company's Bitcoin (CRYPTO: BTC) mining operations on Aug. 24. The fireside will take a deep dive into CleanSpark's bitcoin mining operation focusing on the recent increase in bitcoin production and hashrate capacity, the associated margin opportunity, and outlook for this business.

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