Cleanspark Inc Stock Price, News & Analysis

CleanSpark, a sustainable bitcoin mining company, is set to invest nearly $145 million over the next five years at its new data center in Norcross, Georgia. The $6.55 million acquisition of the former Sprint/Nextel facility will create 20 jobs with an average salary of $50,000. In partnership with Georgia Power, CleanSpark will also invest $2 million in a power expansion to enhance local energy solutions. The company's operations aim to be 100% carbon neutral, contributing to community sustainability.

CleanSpark, Inc. (Nasdaq: CLSK) announced CEO Zach Bradford's participation in Water Tower Research's Sustainable Investing Fireside Chat on August 24, 2021. The discussion will focus on CleanSpark's recent advancements in bitcoin production and hashrate capacity, along with the potential margin opportunities stemming from these developments. Investors are encouraged to register for the event, which is open to all and provides an opportunity for live engagement and replay. For further inquiries regarding CleanSpark's products, interested parties can reach out via email or visit the company's website.

CleanSpark, Inc. (Nasdaq: CLSK) has announced the rollout of mVoult, a smart energy system designed for homes and small businesses, initially targeting California. Built on the mPulse platform, mVoult offers modular energy solutions, allowing users to harness various power sources, including solar and battery storage. A companion mobile app enables real-time energy monitoring and management. Despite global battery shortages, CleanSpark has secured partnerships for a reliable supply. The company aims to enhance energy resilience and cost savings for homeowners, especially amid frequent power outages.

CleanSpark, Inc. (Nasdaq: CLSK) reported significant financial results for the three and nine months ended June 30, 2021. Revenue rose to $22.3 million, a 176% increase year-over-year, with a quarterly revenue surge of $11.9 million, up 250%. Despite a net loss of ($16.4 million) for the nine months, adjusted EBITDA improved to $6.2 million for the same period. The company expects annualized revenues of $137 million to $154 million from its Bitcoin mining operations as it expands capacity in Atlanta, potentially increasing production to 8-9 bitcoins daily.

CleanSpark (Nasdaq: CLSK) has acquired a 87,000 square foot data center in Norcross, Georgia for $6.55 million. This facility will enhance its Bitcoin mining operations by providing 20 MW of power, expected to increase daily Bitcoin production to 18 BTC by late 2021. The center will operate with 100% carbon-neutral energy via Georgia's Simple Solar program, integrating renewables for sustainability. Additionally, CleanSpark aims to deploy over 23,500 S19 ASICS miners, expanding its energy capacity to 70 MW with a carbon-free focus.

CleanSpark (Nasdaq: CLSK) announced a live virtual earnings presentation scheduled for August 16, 2021, at 1 p.m. PST/4 p.m. EST. The event aims to update investors and analysts on the company's progress and business strategies in clean Bitcoin mining and energy technology. Participants can access the presentation via a provided link, and a recorded version will be available after the event. CleanSpark focuses on energy solutions and digital currency mining while navigating potential risks that could impact future growth, including market demand and global events.

CleanSpark, Inc. (Nasdaq: CLSK) has announced significant updates to its Bitcoin mining and energy business units. The company now produces approximately 6 Bitcoins daily, with plans to increase to 9.3 Bitcoins per day by deploying additional mining units. CleanSpark's Bitcoin mining has achieved a potential annual revenue run rate of $136 million. In July, it integrated over 180 microgrid batteries, boosting its energy revenue significantly. However, it anticipates reporting losses due to Bitcoin volatility and one-time expenses.

CleanSpark, Inc. (Nasdaq: CLSK) announced its participation in Mining Disrupt® on July 21, 2021, in Miami, Florida, exhibiting its CleanBlok operation, which focuses on carbon-free cryptocurrency mining. The company emphasizes energy optimization through advanced software and microgrid technologies. CleanSpark aims to address the environmental issues of cryptocurrency mining while driving returns on energy investments. CEO Zachary Bradford underlined the company's commitment to responsible mining practices and innovation in energy solutions.