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CleanSpark Stock: Buy, Sell, or Hold?
CLSKCleanSpark(CLSK) The Motley Fool·2024-08-14 09:30

The low-carbon Bitcoin miner still looks like an undervalued growth stock. CleanSpark's (CLSK -0.72%) shares declined 6% on Aug. 9 after its latest earnings report fell short of Wall Street's expectations. For the third quarter of fiscal 2024 (ended June 30), the low-carbon Bitcoin (BTC 3.13%) miner's revenue surged 129% year over year to 104.1millionbutitmissedanalystsestimatesby104.1 million but it missed analysts' estimates by 6.8 million. Its net loss widened from 14.1millionto14.1 million to 236.2 million, or $1.03 per share, which also missed the aver ...