1/17/2024 0 Comments Stock clskCleanSpark holds the 44th spot on the Financial Times' 2022 List of the 500 Fastest Growing Companies in the Americas and ranks thirteenth on Deloitte's Fast 500. We cultivate trust and transparency among our employees, the communities we operate in, and the people around the world who depend on Bitcoin. We strive to leave the planet better than we found it by sourcing and investing in low-carbon energy, like wind, solar, nuclear, and hydro. In 2020, we transitioned that expertise to develop sustainable infrastructure for Bitcoin, an essential tool for financial independence and inclusion. Since 2014, we've helped people achieve energy independence for their homes and businesses. The planned expansion will add over 6 EH/s to CleanSpark's mining operations.ĬleanSpark (NASDAQ: CLSK) is America's Bitcoin Miner™. Crews continue to make major headway as they prep the land for CleanSpark's ambitious expansion in Sandersville. Over 14,000 machines are racked and ready to start hashing. The 50MW expansion is expected to energize by the end of the week. An additional 4,500 machines are expected to go live in the coming weeks. Machines are being racked daily, with about 1,500 machines currently online. CleanSpark's newest campus, which consists of two facilities in the town of Dalton, Georgia, began hashing almost immediately after the acquisition was announced in late June. June daily BTC mined averaged 16.4 and reached a high of 17.4.ĭalton. Sales of BTC equated to proceeds of approximately $11.2 million. The Company funded growth and operations through the sale of 413 bitcoins in June 2023 at an average of approximately $27,200 per BTC. Currently deployed fleet of about 68,678 latest-generation bitcoin miners with a hashrate of 6.7 EH/s.Total BTC converted for operations and growth in June: 413.This is a tremendous accomplishment as we work to build some of the finest bitcoin infrastructure in North America." We also anticipate that our recently announced acquisition, two facilities located in Dalton, Georgia, will be fully operational this month. "This was a quarter of execution for us, as we expect the Washington expansion to go live later this week. "We made substantial progress growing our bitcoin holdings this quarter, while continuing to advance our growth plans," said Zach Bradford, CEO. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.CleanSpark mined 1,624 bitcoins during the quarter, while its bitcoin holdings grew 170% quarter over quarter Cardlytics currently has a Zacks Rank of #3 (Hold). This represents a change of +41.5% from what the company reported a year ago. CDLX has returned 13.3% over the past month.įor Cardlytics, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at -$0.38. One other stock in the same industry, Cardlytics (CDLX), finished the last trading session 8.1% lower at $5.78. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >ĬleanSpark is a member of the Zacks Technology Services industry. The stock currently carries a Zacks Rank #2 (Buy). So, make sure to keep an eye on CLSK going forward to see if this recent jump can turn into more strength down the road. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. Revenues are expected to be $46.2 million, up 48.9% from the year-ago quarter.Įarnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.įor CleanSpark, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This company is expected to post quarterly loss of $0.19 per share in its upcoming report, which represents a year-over-year change of -58.3%. During the quarter the company mined 1,624 bitcoins while the bitcoin holdings grew 170% as compare to the previous quarter. The price appreciation can be due to the recent mining update released by the company. This compares to the stock's 18.8% gain over the past four weeks. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. CleanSpark (CLSK) shares ended the last trading session 8.6% higher at $5.29.
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