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Cleanspark Inc - CLSK STOCK NEWS

Welcome to our dedicated news page for Cleanspark (Ticker: CLSK), a resource for investors and traders seeking the latest updates and insights on Cleanspark.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Cleanspark's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Cleanspark's position in the market.

Rhea-AI Summary
CleanSpark reports record revenue of $45.5 million for Q3 2023, with a net loss of $(14.2) million and Adjusted EBITDA of $13.3 million. Cash and bitcoin holdings stand at $125 million. Operating hashrate exceeds 9 EH/s, tripling year over year.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
16.04%
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Rhea-AI Summary
CleanSpark doubles its bitcoin holdings to 1,061 BTC, achieves record hashrate of 9 EH/s, and increases production by 17% month over month.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.94%
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Rhea-AI Summary
CleanSpark Inc. (Nasdaq: CLSK) has achieved an all-time hashrate high of 8.5 exahashes per second (EH/s) as its Washington and Dalton, Georgia, campuses come fully online. The company has nearly tripled its hashrate in just a year, with an operational hashrate of 2.9 EH/s last year. CleanSpark's owned-and-operated approach to mining has been instrumental in this growth. Additionally, the company has improved its efficiency, with a current fleetwide efficiency of 29.2 J/TH.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.49%
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Rhea-AI Impact
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12.84%
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Rhea-AI Summary
CleanSpark reports mining 1,624 bitcoins and 170% growth in bitcoin holdings for the quarter. Expansion plans and acquisition progress also highlighted.
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Rhea-AI Sentiment
End-of-Day
13.52%
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Rhea-AI Summary
CleanSpark Inc. has entered into agreements to acquire two bitcoin mining campuses in Georgia for $9.3 million. The facilities will add just under 1 exahash per second (EH/s) to CleanSpark's hashrate and will host over 6,000 power-efficient bitcoin mining machines. The acquisition positions CleanSpark as one of the most power-efficient miners and helps the company reach its year-end target of 16 EH/s.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
8.39%
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Rhea-AI Sentiment
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3.19%
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Rhea-AI Summary
CleanSpark reports a 44% growth in bitcoin holdings and a 16% increase in bitcoin mined in May. The company also achieved over $100 million in revenue for the fiscal year. Transaction fees temporarily boosted bitcoin production.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.94%
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none
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Rhea-AI Summary
CleanSpark Inc. has purchased 12,500 units of the Antminer S19 XP bitcoin mining machine for $40.5 million, positioning the company to meet and potentially exceed its year-end target of 16 EH/s. The machines have a power-efficiency rating of 21.5 J/TH and a total hashrate of 1.76 EH/s. The purchase adds to CleanSpark's efficient bitcoin mining fleet and allows for the replacement of less efficient machines. CleanSpark continues to make use of market opportunities to prepare for next year's bitcoin halving.
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Rhea-AI Sentiment
End-of-Day
0.7%
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Rhea-AI Summary
CleanSpark reports Q2 revenue of $42.5M, a 14% increase YoY. Mined 1,871 Bitcoin, a 109% increase YoY. CEO expects to achieve year-end target of 16 EH/s. CFO highlights increased gross profit margins and stable cost structure.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-13.88%
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Cleanspark Inc

Nasdaq:CLSK

CLSK Rankings

CLSK Stock Data

3.35B
192.54M
2.36%
39.82%
11.65%
Computer Systems Design Services
Professional, Scientific, and Technical Services
Link
United States
Henderson

About CLSK

cleanspark’s vision is to empower communities through sustainable, secure, and reliable energy. cleanspark accomplishes this through its pioneering work in fractalgrid technologies and federated enterprise services. cleanspark brings clean, sustainable energy solutions to institutional, commercial, industrial, and residential customers by providing advanced energy management and modeling software and systems products to enable the integration, installation, and operation & maintenance of virtual power plants and microgrids. through cleanspark’s suite of clean energy solutions, the flex power system, cleanspark offers innovative solutions that deliver energy security at a price at or below the current price of electricity for a period of 25 years and beyond. founded in 2013 by the trio of michael firenze (president & ceo), art villanueva (cto & cso), and bryan huber (managing director, emerging markets), cleanspark arose as the confluence of the defense, engineering, technology, constru