CLSK Stock Summary and Trading Ideas (Cleanspark | NASDAQ:CLSK)

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 February 19, 2025, CLSK stock price declined to $10.03 with 10,262,500 million shares trading.

CLSK has a beta of 3.38, meaning it tends to be more sensitive to market movements. CLSK has a correlation of 0.16 to the broad based SPY ETF.

CLSK has a market cap of $2.82 billion. This is considered a Mid Cap stock.

Last quarter Cleanspark reported $162 million in Revenue and $.83 earnings per share. This beat revenue expectation by $7 million and exceeded earnings estimates by $.99.

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 price return of -43.8% while the SPY ETF gained +24.1%. CLSK has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -25.0% and -7.5%, respectively, while the SPY returned +4.5% and +1.8%, respectively.

CLSK support price is $9.53 and resistance is $10.63 (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.