Financial Performance - Quarterly revenue reached $162.3 million, a 120% increase from $73.8 million in the same prior fiscal quarter[4] - Net income for the quarter was $241.7 million, with a basic EPS of $0.85, compared to $25.9 million and $0.14 per share in the prior year[8] - Adjusted EBITDA increased to $321.6 million from $69.1 million year-over-year[8] - Bitcoin mining revenue for Q4 2024 reached $162.3 million, a significant increase of 120% compared to $73.8 million in Q4 2023[20] - Net income for Q4 2024 was $246.8 million, a substantial increase from $25.9 million in Q4 2023, reflecting a year-over-year growth of 855%[20] - Adjusted EBITDA for Q4 2024 was $321.6 million, compared to $69.1 million in Q4 2023, representing a year-over-year increase of 366%[23] - Income from operations per common share (basic) for Q4 2024 was $0.85, up from $0.14 in Q4 2023[21] - The company reported a gain on bitcoin collateral of $42.5 million in Q4 2024, contributing positively to overall income[20] - Income tax expense for Q4 2024 was $9.2 million, compared to $1.4 million in Q4 2023, reflecting increased profitability[20] - Preferred stock dividends increased to $5.1 million in Q4 2024 from $579,000 in Q4 2023, indicating a rise in shareholder returns[20] Cost and Expenses - The marginal cost to mine bitcoin decreased by 6% to approximately $34,000 per coin[1] - Total costs and expenses for Q4 2024 were $(47.7) million, compared to $45.3 million in Q4 2023, indicating a reduction in overall expenses[20] Assets and Liabilities - Total assets amounted to $2.8 billion, with total current assets at $1.2 billion[8] - Current liabilities were $96.7 million, while total liabilities stood at $757.7 million[8] Company Strategy and Growth - CleanSpark aims to achieve 50 EH/s in the first half of 2025 through regional expansion in Wyoming, Tennessee, and Georgia[2] - The company closed a $650 million convertible bond offering, enhancing its capital strategy[3] Bitcoin Holdings - The company’s bitcoin treasury grew to over 10,500 bitcoins, all self-mined in the USA[3]

Core Insights - CleanSpark, Inc. achieved significant operational milestones in January 2025, including surpassing a hashrate of 40 EH/s and holding over 10,500 bitcoins in treasury [2][8] - The company reported a month-over-month improvement in fleet efficiency of more than 8% [1][2] - Despite adverse weather conditions, CleanSpark continued construction on new facilities in Tennessee, Georgia, and Wyoming, aiming for a midyear goal [2] Operational Performance - The average hashrate for January was 34.76 EH/s, with an average fleet efficiency of 17.37 J/Th, resulting in an average daily bitcoin production of 20.19 [4][8] - A total of 626 bitcoins were mined in January, with a peak production of 22.89 bitcoins in a single day [4][8] - The company sold 22.47 bitcoins at an average price of approximately $100,412 per bitcoin during the month [4][8] Infrastructure Developments - A new 12 MW site in Twin City, Georgia, is nearing completion, contributing approximately 0.7 EH/s to the operating hashrate, with an additional 0.1 EH/s expected soon [5] - In Cheyenne, Wyoming, the company is on track to complete a technologically advanced immersion environment, which is expected to add 5 EH/s to the hashrate once fully operational [6] Financial Position - As of January 31, 2025, CleanSpark held a total of 10,556 bitcoins [8] - The company has a contracted power capacity of 873 MW across its facilities [8]

Group 1 - CleanSpark Inc. will discuss its fiscal first quarter 2025 financial results via a live webcast on February 6, 2025 [1] - The company is recognized as America's Bitcoin Miner® and operates a portfolio of mining facilities across the United States [2] - CleanSpark focuses on optimizing its mining facilities to deliver superior returns to shareholders by leveraging low-cost, high-reliability energy [2] Group 2 - The webcast will begin at 4:30 p.m. EST / 1:30 p.m. PST [1] - Downloadable files, including transcripts, will be available on the company website 48 hours after the event [1] - CleanSpark positions itself at the intersection of Bitcoin, energy, operational excellence, and capital stewardship [2]

Core Viewpoint - CleanSpark (CLSK) has shown strong stock performance recently, with a return of +10.1% over the past month, outperforming the Zacks S&P 500 composite's +2.5% and the Zacks Financial - Miscellaneous Services industry's +4.2% [1] Earnings Estimate Revisions - The consensus estimate for CleanSpark's current quarter is a loss of $0.09 per share, reflecting a year-over-year change of -350% [4] - For the current fiscal year, the consensus earnings estimate is $0.18, indicating a change of +169.2% from the previous year [4] - The next fiscal year's consensus earnings estimate is $0.81, showing a change of +350% from the prior year [5] - The Zacks Rank for CleanSpark is 3 (Hold), influenced by the recent changes in earnings estimates and other related factors [6] Revenue Growth - The consensus sales estimate for the current quarter is $151.88 million, representing a year-over-year change of +105.8% [8] - For the current fiscal year, the sales estimate is $788.8 million, indicating a change of +108.1%, while the next fiscal year's estimate is $1.08 billion, reflecting a +36.9% change [8] Last Reported Results - CleanSpark reported revenues of $89.28 million in the last quarter, a year-over-year increase of +96.1% [9] - The EPS for the same period was -$0.27, compared to -$0.12 a year ago [9] - The company had a revenue surprise of -0.09% compared to the Zacks Consensus Estimate and an EPS surprise of -8% [10] Valuation - CleanSpark is graded F on the Zacks Value Style Score, indicating it is trading at a premium to its peers [14]

Group 1 - CleanSpark's stock closed at $11.14, reflecting a +1.64% increase, outperforming the S&P 500's gain of 0.61% [1] - Over the past month, CleanSpark's stock has risen by 2.81%, which is below the Finance sector's gain of 4.36% but above the S&P 500's gain of 2.08% [1] Group 2 - Analysts expect CleanSpark to report earnings of -$0.09 per share, indicating a year-over-year decline of 350%, while revenue is anticipated to be $151.88 million, a 105.82% increase compared to the previous year [2] - For the entire fiscal year, earnings are projected at $0.18 per share and revenue at $788.8 million, representing increases of +169.23% and +108.14% respectively from the prior year [3] Group 3 - Recent adjustments to analyst estimates for CleanSpark are crucial as they reflect changing business trends and analysts' outlook on the company's health and profitability [4] - The Zacks Rank system, which evaluates these estimate changes, indicates that CleanSpark currently holds a Zacks Rank of 3 (Hold) [6] Group 4 - CleanSpark's Forward P/E ratio is 60.89, significantly higher than the industry average of 10.47, indicating a premium valuation [7] - The Financial - Miscellaneous Services industry, to which CleanSpark belongs, has a Zacks Industry Rank of 89, placing it in the top 36% of over 250 industries [7]

CleanSpark (CLSK) shares have gained 45.3% in the trailing 12 months, outperforming the Zacks Finance sector’s appreciation of 25.2% and the Zacks Financial - Miscellaneous Services industry’s return of 23.5%.CleanSpark shares have also outperformed industry peers like Globe Life (GL) , Columbia Financial (CLBK) and Argo Blockchain (ARBK) , which have lost 3.7%, 14.8% and 71.3%, respectively, over the same time frame.CLSK’s use of renewable energy and its aggressive expansion have been major growth drivers. ...

Renewable Energy Industry Outlook - The global renewable energy capacity is expected to increase by over 5,500 gigawatts from 2024 to 2030, nearly triple the capacity added from 2017 to 2023 [2] - Investors could benefit from this expansion by investing in nuclear, wind, or solar stocks, with NuScale Power and CleanSpark highlighted as potential long-term holdings [3] NuScale Power - NuScale Power produces the only small modular reactors (SMRs) certified with a Standard Design Approval (SDA) by the U.S. Nuclear Regulatory Commission (NRC) [4] - The company's SMRs are compact, with dimensions of 9 feet wide and 65 feet tall, making them easier to deploy compared to larger nuclear reactors [4] - NuScale's modular designs are prefabricated, reducing costs and construction time, with current reactor clusters certified for up to 55 megawatts of electricity [5] - The company expects NRC certification for its first 77 megawatt reactors in 2024, which would make its SMRs more cost-effective than comparable coal-fired plants [5] - NuScale's stock surged nearly 650% over the past 12 months but remains more than 20% below its all-time high from November 2023 [6] - Revenue is projected to grow at a CAGR of 268% from 2024 to 2026, reaching $321 million, driven by reactor deployment and approvals [7] - The U.S. Department of Energy (DOE) allocated up to $900 million in cost-shared funds to develop more nuclear SMRs, with Amazon also supporting SMRs to meet energy needs [8] CleanSpark - CleanSpark develops modular microgrids for renewable energy sources, which can be deployed as stand-alone systems or integrated into existing grids [9] - The company transitioned into Bitcoin mining after acquiring ATL Data Centers in May 2021, using its technology to enhance mining efficiency with low-carbon energy [10] - In 2024, CleanSpark mined 7,024 Bitcoin, ending the year with 9,952 Bitcoins worth $947.9 million [11] - The company expanded its mining fleet by 127% year-over-year to 201,808 miners, increasing its operating hash rate by 288% to 39.1 EH/s [11] - Fiscal 2024 revenue surged 125% to $379 million, with adjusted EBITDA growing nearly tenfold to $246 million [12] - Analysts expect revenue and adjusted EBITDA to grow at a CAGR of 36% and 22%, respectively, from fiscal 2024 to fiscal 2027 [13] - With an enterprise value of $3 billion, CleanSpark's stock is valued at eight times this year's adjusted EBITDA, making it an attractive long-term investment [13]

The most recent trading session ended with CleanSpark (CLSK) standing at $10.09, reflecting no shift from the previouse trading day's closing. The stock exceeded the S&P 500, which registered a loss of 1.54% for the day. Elsewhere, the Dow lost 1.63%, while the tech-heavy Nasdaq lost 1.63%.Shares of the company have depreciated by 18.17% over the course of the past month, underperforming the Finance sector's loss of 3.4% and the S&P 500's loss of 2.2%.Investors will be eagerly watching for the performance o ...

Group 1 - Investors are observing volatile Bitcoin prices, particularly noting the recent drop below $100k as a potential buying opportunity [1] - Gary Alexander has extensive experience in technology sectors, having worked on Wall Street and in Silicon Valley, and advises seed-round startups [1] - Alexander has been a contributor to Seeking Alpha since 2017 and his insights are featured in various trading apps like Robinhood [1]

Core Insights - CleanSpark Inc. has achieved a significant milestone by surpassing 10,000 bitcoin in its treasury, all of which are self-mined from U.S.-based operations [1][2] - The company reported a 236% year-over-year increase in its bitcoin-denominated treasury, indicating strong growth in a dynamic market [2] Company Performance - The achievement reflects CleanSpark's commitment to operational excellence, strategic growth, and disciplined capital management [2] - The company emphasizes its focus on sustainable growth and innovation within the global bitcoin ecosystem, highlighting its dedication to using American energy and creating jobs [2][3] Financial Strategy - CleanSpark's financial strategy is designed to align with sound risk management principles, avoiding unfavorable counterparty exposure while leveraging bitcoin to lower capital costs [3] - The company aims to drive long-term value for stakeholders while contributing to the development of the global bitcoin and digital asset ecosystem [3] Operational Excellence - CleanSpark operates a portfolio of mining facilities across the United States, optimized for superior returns to shareholders through low-cost, high-reliability energy [4] - The company positions itself at the intersection of bitcoin, energy, operational excellence, and capital stewardship, which is crucial for success in the evolving digital asset landscape [4]