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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 Inc. (CLSK) reports a 60% growth in hashrate to exceed 16 EH/s with over 131,000 operational miners. Monthly bitcoin production increased by 12%, adding 648CY2024 bitcoin to their treasury, totaling 4,218 bitcoin. The company sold 2.8 bitcoin in February at an average of $50,000 per bitcoin, generating proceeds of $140,000.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.82%
Tags
none
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Rhea-AI Summary
CleanSpark, Inc., a leading Bitcoin miner, has completed the acquisition of three bitcoin mining data centers in Mississippi, boosting its operating hashrate to over 15 EH/s. The company aims to create jobs and foster economic growth in the region while maximizing grid services capabilities.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.65%
Tags
acquisition
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Rhea-AI Summary
CleanSpark Inc. (CLSK) has completed energizing the first 100 MW of its expansion in Georgia, increasing its operating hashrate by 40% to over 14 EH/s. The company aims to provide grid services and economic development to the community while partnering with utilities for energy resilience.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.47%
Tags
none
Rhea-AI Summary
CleanSpark, Inc. (Nasdaq: CLSK) reported a strong financial performance for the first quarter of FY2024, with a revenue of $73.8 million, net income of $25.9 million, and adjusted EBITDA of $69.1 million. The company's revenue grew by an impressive 165% year over year, and it surpassed its current hashrate to over 12.5 EH/s. The CEO emphasized the company's strategic acquisitions, operational efficiency, and commitment to smart growth, positioning them as leaders in the bitcoin mining industry. The CFO highlighted the company's exponential growth, liquidity, and balance sheet strength, preparing them to thrive in the future. The balance sheet showcased strong financials, with $181.7 million in current assets, $484.0 million in total mining assets, and $810.6 million in total stockholders' equity. The company will hold an investor conference call and webcast to discuss the earnings presentation and business update.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
32.86%
Tags
earnings
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Rhea-AI Summary
CleanSpark Inc. (Nasdaq: CLSK) has announced the acquisition of three turnkey bitcoin mining facilities in Mississippi and the expansion of its Dalton facilities, expected to generate a total operating hashrate of 2.4 EH/s. The company also plans to acquire a third mining facility in Dalton and is set to exceed 20 EH/s in the first half of 2024. The acquisitions are expected to be funded with cash on hand.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
12.11%
Tags
acquisition
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Rhea-AI Summary
CleanSpark Inc. (Nasdaq: CLSK) announces the expansion of their Dalton, GA site, expected to operate at 1.6 EH/s once complete. The company also released an unaudited bitcoin mining and operations update for January 2024, with details on bitcoin mined, holdings, sales, and operational updates for Sandersville and Dalton expansions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.96%
Tags
none
Rhea-AI Summary
CleanSpark Inc. (Nasdaq: CLSK) will discuss its fiscal first quarter 2024 financial results via a live webcast on February 8, 2024. Results will be released after the close of regular trading. Downloadable files, including transcripts, will be available on the company website 48 hours after the event.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.51%
Tags
earnings
-
Rhea-AI Summary
CleanSpark Inc. (CLSK) announced the purchase of up to 160,000 Bitmain S21 miners, positioning the company to expand into the next bull market. The agreement includes a strategic call option to purchase an additional 100,000 machines at a fixed price of $16.00 per terahash until the end of the calendar year. Delivery of the initial 60,000 units is expected between April and June 2024, with the potential to increase CleanSpark's hashrate to approximately 50 EH/s, a 400% increase from its current hashrate of 10 EH/s.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.04%
Tags
none
-
Rhea-AI Summary
CleanSpark Inc. (CLSK) mined 7,391 bitcoins in 2023, a 60% increase over 2022. Bitcoin holdings grew over 1,200% to 3,002 BTC valued at approximately $135M USD. The company also achieved a record 720 bitcoins mined in December. CEO Zach Bradford expressed pride in the company's accomplishments and highlighted the completion of building structures for the Sandersville expansion.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.85%
Tags
none
Rhea-AI Summary
CleanSpark Inc. (CLSK) mined 666 bitcoin in November, marking a 24% increase from the same period last year. The company also reported an improved efficiency of 26.4 J/Th and a significant increase in production from fees, indicating potential growth in revenue. Operational uptime reached an exceptional 99.98%, showcasing the team's dedication and skill.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
22.44%
Tags
none
Cleanspark Inc

Nasdaq:CLSK

CLSK Rankings

CLSK Stock Data

4.20B
191.37M
2.87%
44.56%
11.71%
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