6-Jan-2025
Analysts Offer Insights on Financial Companies: Cleanspark (CLSK) and SouthState Corporation (SSB)
TipRanks (Tue, 7-Jan 2:30 AM ET)
CleanSpark Releases December 2024 Bitcoin Mining Update
PRNewswire (Mon, 6-Jan 7:00 AM ET)
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Crypto-linked stocks pop as 2025 kicks off
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CleanSpark Exceeds 2024 Year-End Guidance of 37 EH/s and Accelerates 2025 Guidance
PRNewswire (Mon, 23-Dec 7:30 AM ET)
CleanSpark, Inc. Announces Closing of Offering of $650 Million Zero-Coupon Convertible Notes
PRNewswire (Tue, 17-Dec 4:05 PM ET)
CleanSpark, Inc. Announces Pricing of $550 Million Convertible Notes Offering
PRNewswire (Fri, 13-Dec 7:00 AM ET)
CleanSpark, Inc. Announces Proposed Private Offering of $550 Million of Convertible Notes
PRNewswire (Thu, 12-Dec 4:05 PM ET)
Artificial Intelligence Substantial Influence on Data Center Industry Redefining Operations
Globe Newswire (Tue, 10-Dec 9:15 AM ET)
CleanSpark Releases November 2024 Bitcoin Mining Update
PRNewswire (Tue, 3-Dec 9:00 AM ET)
Cleanspark Inc is a bitcoin mining company. Through CleanSpark, Inc., and the Company's wholly owned subsidiaries, the company mines bitcoin. The company entered the bitcoin mining industry through its acquisition of ATL. Bitcoin mining is the sole reportable segment of the company.
Cleanspark trades on the NASDAQ stock market under the symbol CLSK.
As of January 6, 2025, CLSK stock price climbed to $11.43 with 23,784,696 million shares trading.
CLSK has a beta of 3.42, meaning it tends to be more sensitive to market movements. CLSK has a correlation of 0.14 to the broad based SPY ETF.
CLSK has a market cap of $3.21 billion. This is considered a Mid Cap stock.
Last quarter Cleanspark reported $89 million in Revenue and -$.27 earnings per share. This beat revenue expectation by $630,000 and missed earnings estimates by -$.09.
In the last 3 years, CLSK traded as high as $24.72 and as low as $1.74.
The top ETF exchange traded funds that CLSK belongs to (by Net Assets): VTI, IWM, VGT, VXF, BLOK.
CLSK has underperformed the market in the last year with a return of +11.9%, while SPY returned +28.7%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in CLSK shares. However, CLSK has outperformed the market in the last 3 month and 2 week periods, returning +19.3% and +11.4%, while SPY returned +4.2% and +0.1%, respectively. This indicates CLSK has been having a stronger performance recently.
CLSK support price is $10.09 and resistance is $11.51 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CLSK shares will trade within this expected range on the day.