CleanSparkCLSK
CLSK
About: 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.
Employees: 270
0
Funds holding %
of 6,812 funds
0
Analysts bullish %
of 4 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
58% more repeat investments, than reductions
Existing positions increased: 98 | Existing positions reduced: 62
30% more call options, than puts
Call options by funds: $180M | Put options by funds: $139M
1% more funds holding
Funds holding: 238 [Q2] → 241 (+3) [Q3]
7% more first-time investments, than exits
New positions opened: 46 | Existing positions closed: 43
0% more funds holding in top 10
Funds holding in top 10: 3 [Q2] → 3 (+0) [Q3]
3.9% less ownership
Funds ownership: 46.79% [Q2] → 42.89% (-3.9%) [Q3]
40% less capital invested
Capital invested by funds: $1.7B [Q2] → $1.02B (-$682M) [Q3]
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$17
82%
upside
Avg. target
$23
143%
upside
High target
$27
188%
upside
4 analyst ratings
4 positive
100%
0 neutral
0%
0 negative
0%
JP Morgan Reginald Smith 54% 1-year accuracy 14 / 26 met price target | 82%upside $17 | Overweight Upgraded | 10 Dec 2024 |
Macquarie Paul Golding 77% 1-year accuracy 34 / 44 met price target | 156%upside $24 | Outperform Maintained | 4 Dec 2024 |
HC Wainwright & Co. Mike Colonnese 54% 1-year accuracy 33 / 61 met price target | 188%upside $27 | Buy Reiterated | 3 Dec 2024 |
Cantor Fitzgerald Brett Knoblauch 64% 1-year accuracy 49 / 77 met price target | 146%upside $23 | Overweight Reiterated | 3 Oct 2024 |
Financial journalist opinion
Based on 17 articles about CLSK published over the past 30 days
Negative
CNBC Television
3 days ago
Bitcoin, crypto stocks slide after post-election rally
CNBC's Tanaya Macheel joins 'Closing Bell' to discuss the slide in crypto and bitcoin.
Neutral
PRNewsWire
1 week ago
CleanSpark Exceeds 2024 Year-End Guidance of 37 EH/s and Accelerates 2025 Guidance
CleanSpark has achieved 37.5 EH/s in operating hashrate with a fleet efficiency of 17.7 J/Th Accelerates guidance for 50 EH/s, expected in first half of 2025 LAS VEGAS , Dec. 23, 2024 /PRNewswire/ -- CleanSpark Inc. (Nasdaq: CLSK), America's Bitcoin Miner® (the "Company"), today announced it has achieved and exceeded the previously announced year-end target of 37 EH/s of operating hashrate. The Company's newest data centers in Tennessee and Wyoming were energized last week.
Positive
MarketBeat
1 week ago
MicroStrategy Joins Nasdaq-100: 2 Crypto Stocks Set to Win
After a massive rally over the past quarter, shares of MicroStrategy Inc. NASDAQ: MSTR started to face some controversy regarding the underlying business model and methods of this technology stock accumulating Bitcoin on their balance sheet through shareholder dilution. However, that pressure quickly subsided after a recent announcement that could boost the company higher.
Neutral
PRNewsWire
1 week ago
CleanSpark, Inc. Announces Closing of Offering of $650 Million Zero-Coupon Convertible Notes
LAS VEGAS , Dec. 17, 2024 /PRNewswire/ -- CleanSpark, Inc. (Nasdaq: CLSK), America's Bitcoin Miner® ("CleanSpark" or the "Company"), today announced that it completed its previously announced offering (the "Offering") of $650 million aggregate principal amount of 0.00% Convertible Senior Notes due 2030 (the "Convertible Notes"). The Convertible Notes were sold to the initial purchasers for resale in a private offering to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended (the "Securities Act").
Neutral
PRNewsWire
2 weeks ago
CleanSpark, Inc. Announces Pricing of $550 Million Convertible Notes Offering
LAS VEGAS , Dec. 13, 2024 /PRNewswire/ -- CleanSpark, Inc. (Nasdaq: CLSK), America's Bitcoin Miner® ("CleanSpark" or the "Company"), today announced the pricing of its offering of $550 million aggregate principal amount of 0.00% Convertible Senior Notes due 2030 (the "Convertible Notes"). The Convertible Notes will be sold to the initial purchasers for resale in a private offering to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended (the "Securities Act").
Neutral
PRNewsWire
2 weeks ago
CleanSpark, Inc. Announces Proposed Private Offering of $550 Million of Convertible Notes
LAS VEGAS , Dec. 12, 2024 /PRNewswire/ -- CleanSpark, Inc. (Nasdaq: CLSK), America's Bitcoin Miner® ("CleanSpark" or the "Company"), today announced that it intends to offer, subject to market conditions and other factors, $550 million aggregate principal amount of convertible senior notes due 2030 (the "Convertible Notes") to the initial purchasers for resale in a private offering to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"). CleanSpark also expects to grant the initial purchasers of the Convertible Notes an option to purchase, within a 13-day period beginning on, and including the date on which the Convertible Notes are first issued, up to an additional $100 million aggregate principal amount of the Convertible Notes.
Negative
Zacks Investment Research
2 weeks ago
Bear of the Day: CleanSpark (CLSK)
CleanSpark ( CLSK ) is a $4 billion technology enterprise that call's itself "America's Bitcoin Miner." I ran a year-to-date look at CLSK shares vs some other prominent miners.
Neutral
Zacks Investment Research
2 weeks ago
Is CleanSpark (CLSK) a Buy as Wall Street Analysts Look Optimistic?
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
Positive
Benzinga
2 weeks ago
Bitcoin Miners CleanSpark, Cipher Mining Win JPMorgan Support For Growth, Efficiency Edge
JPMorgan doesn't often issue upgrades to two bitcoin miners at once, but that's exactly what happened on Tuesday with CleanSpark Inc CLSK and Cipher Mining Inc CIFR.
Positive
Investors Business Daily
3 weeks ago
Bitcoin Powers Past $100K; Crypto Stocks Rally, Analysts React
Bitcoin price finally topped $100,000 on the back of Donald Trump's SEC nominee, Fed Chair Jerome Powell comments. Cryptos rally.
Charts implemented using Lightweight Charts™