Cleanspark Inc Stock Price, News & Analysis

CleanSpark, known as America’s Bitcoin Miner™, has achieved the Great Place to Work® certification after a companywide employee survey revealed that approximately 97% of employees consider it a great workplace. CEO Zach Bradford attributes this recognition to the company’s dedication to fostering a supportive culture. Employee feedback highlighted the company's fairness, development opportunities, and overall positive work environment. Recent initiatives include financial preparedness seminars and generous benefits, which enhance employee satisfaction and retention.

CleanSpark, Inc. (CLSK) reported a significant increase in bitcoin production for 2022, mining a total of 4,621 bitcoins, representing a 200% increase from the previous year. In December alone, the company mined 464 bitcoins, achieving a daily high of 22 bitcoins. Despite a slight decrease in production in December due to winter storm Elliot, operations resumed rapidly. As of December 31, CleanSpark held 228 bitcoins and generated $8.7 million in revenues from the sale of 517 bitcoins.

CleanSpark Inc. (Nasdaq: CLSK) reported a significant achievement as its bitcoin mining hashrate reached 6 EH/s, marking a three-fold increase within one year. This milestone enables the company to meet its revised 2022 guidance. CEO Zach Bradford highlighted that the growth was partly due to the early relocation of machines from Mawson and emphasized the operational team’s efforts in challenging conditions. CleanSpark operates four mining campuses in Georgia and aims to expand its hashrate to 16 EH/s by the end of 2023.

Mawson Infrastructure Group (NASDAQ:MIGI) reports an operational capacity of approximately 2.5 Exahash by the end of November, driven by Bitcoin Self-Mining and Hosting Co-location. In November, the company generated about $1.6 million from its Energy Market Program, totaling $9.9 million for 2022. The November Bitcoin production equaled 124 BTC, including 34 self-mined BTC. Mawson has initiated expansion plans for its Pennsylvania facilities, targeting a capacity increase to 4.5 Exahash by Q1 2023 and 8.0 Exahash by Q4 2023.

CleanSpark (CLSK) reported its fiscal year 2022 results showing a 235% revenue increase to $131.5 million but also a net loss of $(57.3 million. Adjusted EBITDA surged 487% to $65.7 million. In Q4 alone, revenue was $26.2 million, a 14% rise year-over-year, but the net loss was $(42.3 million), marking a 683% increase from the prior year. Mining operations reached a hashrate of 5.8 EH/s with a daily production of 21.7 BTC. The company revised its 2023 guidance amidst challenges from a partnership delay with Lancium.

CleanSpark, Inc. (Nasdaq: CLSK) reported a 5.5 EH/s hashrate, exceeding its year-end guidance with a 320% increase from last year. In November, the company mined 535 BTC, bringing the year-to-date total to 4,157 BTC. CleanSpark's operations included the sale of 544 BTC for approximately $9.4 million. The company focuses on efficiency and plans for an expansion with an additional 50 MW at its Georgia site. As of November 30, CleanSpark held 281 BTC.

CleanSpark (NASDAQ: CLSK) has appointed Amanda Cavaleri to its board of directors. Cavaleri, with extensive experience in policy and advocacy, is expected to enhance the company’s governance amid increasing regulatory scrutiny. As CEO of a mining site leveraging stranded energy, her insights into sustainable bitcoin mining align with CleanSpark's mission. Executive Chairman Matthew Schultz and CEO Zach Bradford highlight her unique qualifications and anticipate her contributions to the company’s growth strategy, particularly in energy-efficient mining practices.

CleanSpark Inc. (Nasdaq: CLSK), known for its sustainable Bitcoin mining practices, will present its fiscal full year and fourth quarter 2022 financial results during a live webcast at 4:30 p.m. EST on December 14, 2022. The results will be published after market close on the same day. CleanSpark, recognized as one of America's Best Small Companies by Forbes, has focused on creating a low-carbon energy infrastructure for Bitcoin mining while promoting financial independence. More information, including downloadable files and transcripts, will be available on their investor relations website.

CleanSpark Inc. (Nasdaq: CLSK) announced its recognition as the 13th fastest-growing technology company on Deloitte's 2022 Technology Fast 500™ List, reflecting substantial revenue growth from 2018 to 2021. The company has expanded its operations to four bitcoin mining campuses in Georgia, deploying over 54,000 mining machines and achieving a hashrate exceeding 5.1 EH/s, representing over 1.5% of the global hashrate. CleanSpark employs innovative cooling technology and was among the first to sell mined Bitcoin for operational funding, positioning itself as a leader in the sustainable Bitcoin mining sector.