Technology - Software - Application - NASDAQ - US
$ 14.03
0.358 %
$ 3.62 B
Market Cap
-14.17
P/E
CleanSpark, Inc. provides bitcoin mining and energy technology solutions worldwide. It operates in two segments, Digital Currency Mining and Energy. The Digital Currency Mining segment engages in mining of bitcoin. The energy segment provides engineering, design and software, custom hardware, open automated demand response, solar, and energy storage solutions for microgrids and distributed energy systems to military, commercial, and residential customers; and develops platforms that enables designing, building, operating, and managing of energy assets. This segment also offers microgrid energy modeling, energy market communications, and energy management solutions comprising mPulse and mVoult, which are control platforms that enables integration and optimization of multiple energy sources; Canvas, a middleware for grid operators and aggregators to administrate load shifting programs; Plaid, a middleware for controls and Internet-of-Things products companies to participate in load shifting programs; and mVSO, an energy modeling software for internal microgrid design, as well as owns gasification energy technologies for various applications, such as feedstock for the generation of di-methyl ether.[ Read More ]
The intrinsic value of one CLSK stock under the base case scenario is HIDDEN Compared to the current market price of 14 USD, CleanSpark, Inc. is HIDDEN
2. FUNDAMENTAL
ANALYSIS
Price Chart CLSK
FINANCIALS
168 M
REVENUE
-131 M
OPERATING INCOME
-132 M
NET INCOME
-30.4 M
OPERATING CASH FLOW
-332 M
INVESTING CASH FLOW
371 M
FINANCING CASH FLOW
104 M
REVENUE
-249 M
OPERATING INCOME
-236 M
NET INCOME
-68 M
OPERATING CASH FLOW
-272 M
INVESTING CASH FLOW
146 M
FINANCING CASH FLOW
Balance Sheet Decomposition
CleanSpark, Inc.
| Current Assets | 102 M |
| Cash & Short-Term Investments | 86.2 M |
| Receivables | 5 K |
| Other Current Assets | 16 M |
| Non-Current Assets | 659 M |
| Long-Term Investments | 0 |
| PP&E | 565 M |
| Other Non-Current Assets | 94.3 M |
| Current Liabilities | 74.1 M |
| Accounts Payable | 65.6 M |
| Short-Term Debt | 7.3 M |
| Other Current Liabilities | 1.18 M |
| Non-Current Liabilities | 10.3 M |
| Long-Term Debt | 9.44 M |
| Other Non-Current Liabilities | 857 K |
EFFICIENCY
Earnings Waterfall
CleanSpark, Inc.
| Revenue | 168 M |
| Cost Of Revenue | 139 M |
| Gross Profit | 29.1 M |
| Operating Expenses | 206 M |
| Operating Income | -131 M |
| Other Expenses | 1.12 M |
| Net Income | -132 M |
RATIOS
17.29%
GROSS MARGIN
-77.81%
OPERATING MARGIN
-81.11%
NET MARGIN
-20.17%
ROE
-17.93%
ROA
-19.03%
ROIC
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
CleanSpark, Inc.
| Net Income | -132 M |
| Depreciation & Amortization | 121 M |
| Capital Expenditures | -302 M |
| Stock-Based Compensation | 24.1 M |
| Change in Working Capital | -59.9 M |
| Others | -50.9 M |
| Free Cash Flow | -333 M |
Wall Street Analysts Price Targets
CleanSpark, Inc.
Wall Street analysts predict an average 1-year price target for CLSK of $25.3 , with forecasts ranging from a low of $22 to a high of $27 .
CLSK Lowest Price Target
Wall Street Target
22 USD
56.81%
CLSK Average Price Target
Wall Street Target
25.3 USD
80.57%
CLSK Highest Price Target
Wall Street Target
27 USD
92.44%
4. DIVIDEND ANALYSIS
0.07%
DIVIDEND YIELD
0.12 USD
DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership
CleanSpark, Inc.
Sold
0-3 MONTHS
250 K USD 2
3-6 MONTHS
67 K USD 1
6-9 MONTHS
32.6 M USD 4
9-12 MONTHS
417 K USD 1
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
| Date | Value | Insider | Amount | Avg Price |
|---|---|---|---|---|
|
3 weeks ago
Oct 25, 2024
|
Sell 16 K USD
|
Monnig Taylor
Chief Technology Officer |
- 1350
|
11.88 USD |
|
1 month ago
Sep 27, 2024
|
Sell 14.1 K USD
|
Monnig Taylor
Chief Technology Officer |
- 1350
|
10.44 USD |
|
2 months ago
Sep 12, 2024
|
Sell 205 K USD
|
Wood Thomas Leigh
Director |
- 22222
|
9.24 USD |
|
2 months ago
Aug 30, 2024
|
Sell 14.5 K USD
|
Monnig Taylor
Chief Technology Officer |
- 1350
|
10.77 USD |
|
3 months ago
Jul 26, 2024
|
Sell 22.9 K USD
|
Monnig Taylor
Chief Technology Officer |
- 1350
|
16.97 USD |
|
4 months ago
Jun 28, 2024
|
Sell 21.6 K USD
|
Monnig Taylor
Chief Technology Officer |
- 1350
|
16.03 USD |
|
5 months ago
May 31, 2024
|
Sell 22.5 K USD
|
Monnig Taylor
Chief Technology Officer |
- 1350
|
16.65 USD |
|
7 months ago
Mar 27, 2024
|
Sell 8.47 M USD
|
Schultz S. Matthew
Executive Chairman |
- 367000
|
23.07 USD |
|
7 months ago
Mar 21, 2024
|
Sell 9 M USD
|
Bradford Zachary
CEO and President |
- 443000
|
20.31 USD |
|
8 months ago
Feb 27, 2024
|
Sell 7.64 M USD
|
Bradford Zachary
CEO and President |
- 363900
|
21 USD |
|
8 months ago
Feb 27, 2024
|
Sell 6.75 M USD
|
Schultz S. Matthew
Executive Chairman |
- 322400
|
20.95 USD |
|
8 months ago
Feb 27, 2024
|
Sell 549 K USD
|
Vecchiarelli Gary Anthony
Chief Financial Officer |
- 26244
|
20.93 USD |
|
9 months ago
Feb 14, 2024
|
Sell 196 K USD
|
Beynon Roger Paul
Director |
- 10976
|
17.85 USD |
|
11 months ago
Dec 08, 2023
|
Sell 417 K USD
|
McNeill Larry
Director |
- 40000
|
10.42 USD |
|
1 year ago
Dec 16, 2022
|
Bought 34.5 K USD
|
Vecchiarelli Gary Anthony
Chief Financial Officer |
+ 19400
|
1.78 USD |
|
2 years ago
Feb 17, 2022
|
Bought 45.1 K USD
|
Vecchiarelli Gary Anthony
Chief Financial Officer |
+ 4400
|
10.25 USD |
|
2 years ago
Feb 16, 2022
|
Bought 37.5 K USD
|
Vecchiarelli Gary Anthony
Chief Financial Officer |
+ 3357
|
11.18 USD |
|
2 years ago
Feb 14, 2022
|
Bought 130 K USD
|
Wood Thomas Leigh
Director |
+ 15000
|
8.7 USD |
|
3 years ago
Jun 16, 2021
|
Sell 115 K USD
|
McNeill Larry
Director |
- 6000
|
19.09 USD |
|
3 years ago
Jun 17, 2021
|
Sell 99 K USD
|
McNeill Larry
Director |
- 5000
|
19.81 USD |
|
3 years ago
Jun 29, 2021
|
Sell 69.2 K USD
|
McNeill Larry
Director |
- 4000
|
17.31 USD |
|
3 years ago
Jul 02, 2021
|
Bought 16.7 K USD
|
Bradford Zachary
CEO and President |
+ 83333
|
0.2 USD |
|
3 years ago
Jul 02, 2021
|
Bought 16.7 K USD
|
Schultz S. Matthew
Executive Chairman |
+ 83333
|
0.2 USD |
|
3 years ago
Jul 02, 2021
|
Bought 16.7 K USD
|
McNeill Larry
Director |
+ 83333
|
0.2 USD |
|
5 years ago
Jan 09, 2019
|
Bought 41.5 K USD
|
McNeill Larry
Director |
+ 500000
|
0.083 USD |
|
5 years ago
Jan 09, 2019
|
Bought 20.8 K USD
|
Bradford Zachary
CFO |
+ 250000
|
0.083 USD |
|
6 years ago
Feb 15, 2018
|
Sell 90 K USD
|
Schultz S. Matthew
CEO |
- 450000
|
0.2 USD |
|
8 years ago
Nov 04, 2016
|
Sell 124 K USD
|
Schultz S. Matthew
CEO |
- 1500000
|
0.083 USD |
|
8 years ago
Nov 04, 2016
|
Sell 124 K USD
|
Bradford Zachary
CFO |
- 1500000
|
0.083 USD |
7. News
CleanSpark (CLSK) Advances While Market Declines: Some Information for Investors
In the latest trading session, CleanSpark (CLSK) closed at $14.03, marking a +0.36% move from the previous day.
zacks.com
- 1 day ago
CleanSpark: A Deep Dive Into Strategic Growth, Geographic Expansion And How To Capitalize On A BTC Mining Opportunity
CleanSpark Inc. (CLSK) demonstrates strong growth in Bitcoin mining, with significant hashrate expansion, energy efficiency, and strategic geographic diversification. CLSK's Bitcoin accumulation strategy and institutional backing, including increased stakes from BlackRock and Vanguard, highlight its financial stability and long-term growth potential. Recent acquisitions, infrastructure development, and a merger with GRIID position CLSK to achieve a 50 EH/s target by 2025, enhancing operational capacity.
seekingalpha.com
- 2 days ago
CleanSpark Announces Resumed Trading on Nasdaq of Common Stock
LAS VEGAS , Nov. 11, 2024 /PRNewswire/ -- CleanSpark, Inc. (Nasdaq: CLSK), America's Bitcoin Miner® (the "Company"), today announced that trading of the Company's common stock on Nasdaq has resumed at 10:15am EST on November 11, 2024. The previously imposed trading halt by Nasdaq was due to a clerical error relating solely to the outstanding warrants.
prnewswire.com
- 5 days ago
CleanSpark (CLSK) Flat As Market Gains: What You Should Know
CleanSpark (CLSK) closed at $13.57 in the latest trading session, marking no change from the prior day.
zacks.com
- 1 week ago
Is CleanSpark (CLSK) a Buy as Wall Street Analysts Look Optimistic?
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
zacks.com
- 1 week ago
CleanSpark Comments on Trading Halt Related to Clerical Warrant Conversion Error
No Change to Company's Business, Operations or Financial Statements LAS VEGAS , Nov. 8, 2024 /PRNewswire/ -- CleanSpark, Inc. (Nasdaq: CLSK), America's Bitcoin Miner® (the "Company"), today addressed the trading halt imposed by Nasdaq following an issue relating to the calculation of the number of outstanding warrants (Nasdaq: CLSKW) (the "Warrants") and the number of shares underlying those Warrants. The trading halt is not the result of any issue associated with CleanSpark's business, operations, filings with the SEC, financial statements or securities.
prnewswire.com
- 1 week ago
Bitcoin Bolts To Record High On GOP Sweep; Analysts Eye $100k
The price of bitcoin hit a record of just shy of $75,000 Tuesday night. Industry pros look for $100k in 2025.
investors.com
- 1 week ago
CleanSpark Releases October 2024 Bitcoin Mining Update
Mines 655 bitcoin, a 32% increase from the prior month Completes acquisition of GRIID Infrastructure Inc. LAS VEGAS , Nov. 4, 2024 /PRNewswire/ -- CleanSpark Inc. (Nasdaq: CLSK), America's Bitcoin Miner® (the "Company"), today released its unaudited bitcoin mining and operations update for the month ending October 31, 2024. "October was another remarkable operational month in the books for CleanSpark.
prnewswire.com
- 1 week ago
Bitcoin Breakout: 3 Stocks Set to Ride the Cryptocurrency Wave
Now that investors across markets notice the potential for inflation trades returning to popularity, a decent amount of capital is beginning to float into risk assets like commodities and cryptocurrencies like Bitcoin. This new sentiment has driven the price of gold to its all-time high recently and also caused Bitcoin to deliver a 13% return over the past month alone.
marketbeat.com
- 2 weeks ago
CleanSpark Completes Acquisition of GRIID Infrastructure Inc.
Action comes following approval of merger by GRIID shareholders in October 28th vote CleanSpark expects to grow to over 400 MW of mining capacity in Tennessee LAS VEGAS , Oct. 31, 2024 /PRNewswire/ -- CleanSpark, Inc. (Nasdaq: CLSK), America's Bitcoin Miner® (the "Company"), announced today the completed acquisition of GRIID Infrastructure Inc. (Nasdaq: GRDI)("GRIID") on October 30, 2024, following approval of the transaction by stockholders of GRIID at the special meeting of its stockholders on October 28, 2024. "I'm pleased to announce the completion of our acquisition of GRIID Infrastructure Inc., a strategic move that allows us to grow our Bitcoin mining capacity in the state of Tennessee, which we intend to build to over 400 MW in the coming years," said CleanSpark CEO Zach Bradford.
prnewswire.com
- 2 weeks ago
CleanSpark (CLSK) Stock Drops Despite Market Gains: Important Facts to Note
CleanSpark (CLSK) closed the most recent trading day at $12.37, moving -1.43% from the previous trading session.
zacks.com
- 2 weeks ago
Brokers Suggest Investing in CleanSpark (CLSK): Read This Before Placing a Bet
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
zacks.com
- 3 weeks ago
8. Profile Summary
CleanSpark, Inc. CLSK
COUNTRY
US
INDUSTRY
Software - Application
MARKET CAP
$ 3.62 B
Dividend Yield
0.07%
Description
CleanSpark, Inc. provides bitcoin mining and energy technology solutions worldwide. It operates in two segments, Digital Currency Mining and Energy. The Digital Currency Mining segment engages in mining of bitcoin. The energy segment provides engineering, design and software, custom hardware, open automated demand response, solar, and energy storage solutions for microgrids and distributed energy systems to military, commercial, and residential customers; and develops platforms that enables designing, building, operating, and managing of energy assets. This segment also offers microgrid energy modeling, energy market communications, and energy management solutions comprising mPulse and mVoult, which are control platforms that enables integration and optimization of multiple energy sources; Canvas, a middleware for grid operators and aggregators to administrate load shifting programs; Plaid, a middleware for controls and Internet-of-Things products companies to participate in load shifting programs; and mVSO, an energy modeling software for internal microgrid design, as well as owns gasification energy technologies for various applications, such as feedstock for the generation of di-methyl ether. In addition, it provides design, software development, and other technology-based consulting services; data center services, including rack space, power, and equipment; and various cloud services, such as virtual, virtual storage, and data backup services. The company was formerly known as Stratean Inc. and changed its name to CleanSpark, Inc. in November 2016. CleanSpark, Inc. was incorporated in 1987 and is headquartered in Henderson, Nevada.
Contact
2370 Corporate Circle, Henderson, NV, 89074
https://www.cleanspark.com
IPO Date
Nov. 16, 2016
Employees
130
Officers
Mr. Taylor Monnig
Chief Technology Officer
Ms. Natasha Betancourt
Chief of Staff
Mr. Bradley Audiss
Senior Vice President of Operations
Mr. Scott Garrison
Chief Operating Officer
Mr. Brian Carson
Chief Accounting Officer
Mr. S. Matthew Schultz
Executive Chairman
Mr. Gary A. Vecchiarelli CPA
Chief Financial Officer