Core Insights - CleanSpark (NASDAQ: CLSK) is focused on Bitcoin mining rather than pursuing high-performance computing (HPC) service revenue, differentiating itself from many competitors in the industry [1]. Company Focus - CleanSpark's commitment to Bitcoin mining indicates a strategic choice to capitalize on the growing demand for cryptocurrency rather than diversifying into HPC services [1]. Analyst Background - The analysis is provided by a former media research analyst with expertise in crypto, Bitcoin miners, metals, and media equities, suggesting a knowledgeable perspective on the industry [1].

Group 1 - The stock market and cryptocurrencies, particularly Bitcoin, have experienced a significant relief rally recently [1] - Gary Alexander has extensive experience in technology companies and has been a contributor to Seeking Alpha since 2017, providing insights into industry trends [1] Group 2 - The article does not provide any specific financial data or performance metrics related to companies or industries [2][3]

CleanSpark (CLSK) closed at $8.85 in the latest trading session, marking a +0.86% move from the prior day. The stock's change was less than the S&P 500's daily gain of 1.67%. At the same time, the Dow added 1.07%, and the tech-heavy Nasdaq gained 2.5%.The company's shares have seen an increase of 0.46% over the last month, surpassing the Finance sector's loss of 4.45% and the S&P 500's loss of 6.57%.The upcoming earnings release of CleanSpark will be of great interest to investors. On that day, CleanSpark i ...

CleanSpark (CLSK) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Over the past month, shares of this company have returned -3.1%, compared to the Zacks S&P 500 composite's -6.9% change. During this period, the Zacks Financial - Miscellaneous Services industry, which CleanSpark falls in, has lost 8%. The key question now is: What could be the stock's future direction?While media releas ...

Proceeds from credit facility to support accretive growth on non-dilutive terms Company to begin selling a portion of monthly Bitcoin production to cover operations LAS VEGAS, April 15, 2025 /Prnewswire/ -- CleanSpark, Inc. (Nasdaq: CLSK), America's Bitcoin Miner® (the "Company"), today announced it has expanded its capital strategy to include an increase in its credit facility with Coinbase Prime (Nasdaq: COIN) to $200 million. Additionally, the Company's Digital Asset Management team has officially launch ...

NuScale, Plug Power, and CleanSpark could surge higher over the next few years.Many renewable energy stocks ran out of juice over the past year as the Trump administration embraced fossil fuels and rattled the market with its divisive tariffs. However, that pullback might represent a golden buying opportunity if you expect the market's demand for renewable energy solutions to keep growing over the long term.So if you're willing to tune out the near-term noise, these three renewable energy plays might genera ...

Core Insights - CleanSpark, Inc. will have Executive Chairman Matthew Schultz participate in a fireside chat at the Jones Healthcare and Technology Innovation Conference on April 9, 2025 [1] - A live webcast of the chat will be available on CleanSpark's investor relations website, with an archived replay accessible for approximately 90 days [2] Company Overview - CleanSpark is a leading pure play Bitcoin miner in the United States, operating a portfolio of mining facilities powered by competitive energy prices [3] - The company focuses on optimizing its mining facilities to deliver superior returns to shareholders by monetizing low-cost, high-reliability energy [3] - CleanSpark positions itself at the intersection of Bitcoin, energy, operational excellence, and capital stewardship, aiming to prosper in a changing world [3]

Core Insights - CleanSpark, Inc. has achieved the 35th position on The Financial Times' 2025 list of the 500 Fastest Growing Companies in the Americas, highlighting its significant growth trajectory [1][2] - The company's revenue for FY2024 has increased by 123% compared to FY2023, demonstrating strong financial performance [2] - CleanSpark's Bitcoin mining operations are expected to reach a hashrate of 50 EH/s in the first half of 2025, indicating substantial expansion in its mining capacity [2] Company Overview - CleanSpark is recognized as America's Bitcoin Miner® and operates a portfolio of mining facilities across the United States, leveraging competitive energy prices [3] - The company supports approximately 5% of the global Bitcoin network with its hashrate, positioning it as one of the largest Bitcoin producers worldwide [2] - CleanSpark maintains a strong balance sheet with nearly 12,000 Bitcoin holdings, providing financial stability and resilience [2][3]

Core Insights - CleanSpark, Inc. reported a 13% month-over-month increase in bitcoin production, generating 706 bitcoin in March 2025 [1][7] - The company's operating hashrate reached 42.4 exahash, marking a 4.2% increase month-over-month [1][7] - CleanSpark holds 11,869 bitcoin in treasury, positioning itself strongly for future growth [1][7] Production and Financial Performance - The average hashrate for March was 40.2 exahash, with an average fleet efficiency of 17.03 J/Th, resulting in an average of 22.78 bitcoin mined daily [3][7] - The highest single-day production reached 23.52 bitcoin [3] - CleanSpark sold 14.23 bitcoin in March at an average price of approximately $87,742 per bitcoin [3][7] Expansion and Infrastructure - CleanSpark is expanding facilities in Mississippi and Georgia, which are expected to add approximately 2 exahash to the total hashrate [4] - In Wyoming, construction is ongoing for two phases of expansion, expected to add 2.5 exahash within the current quarter [5] - Expansion projects in Tennessee are underway, anticipated to contribute nearly 4 exahash, representing a nearly 10% increase in current production [6] Strategic Positioning - The company has nearly 1 gigawatt of energy under contract and a robust growth pipeline, indicating strong future prospects [1] - CleanSpark emphasizes its advantages, including lower capital costs and superior purchasing power, which may help mitigate the impact of recently announced tariffs on the industry [1]

Core Insights - CleanSpark (CLSK) has seen a stock return of -6.2% over the past month, underperforming the Zacks S&P 500 composite's -4.7% and the Zacks Financial - Miscellaneous Services industry's -8% [1] Earnings Estimates - CleanSpark is expected to post earnings of $0.02 per share for the current quarter, reflecting a year-over-year decline of -84.6%, with a consensus estimate change of -62.1% over the last 30 days [4] - The consensus earnings estimate for the current fiscal year is $0.98, indicating a year-over-year increase of +476.9%, but has changed -75.3% in the last month [4] - For the next fiscal year, the consensus estimate is $0.44, representing a decrease of -55.1% from the previous year, with a recent change of -50% [5] Revenue Growth Forecast - The consensus sales estimate for CleanSpark is $191.98 million for the current quarter, showing a year-over-year increase of +71.7% [9] - For the current fiscal year, the sales estimate is $810.72 million, indicating a change of +113.9%, while the next fiscal year's estimate is $1.04 billion, reflecting a +27.7% change [9] Last Reported Results - CleanSpark reported revenues of $162.31 million in the last quarter, a year-over-year increase of +120%, with an EPS of -$0.07 compared to -$0.02 a year ago [10] - The reported revenues exceeded the Zacks Consensus Estimate of $152.71 million by +6.28%, and the EPS surprise was +12.5% [10] - Over the last four quarters, CleanSpark has surpassed consensus EPS estimates twice and revenue estimates twice [11] Valuation - CleanSpark is graded F in the Zacks Value Style Score, indicating it is trading at a premium compared to its peers [15] - Valuation multiples such as price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF) are essential for assessing whether the stock is overvalued, fairly valued, or undervalued [13][14] Conclusion - CleanSpark's Zacks Rank 3 suggests it may perform in line with the broader market in the near term, despite the market buzz surrounding the stock [16]