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 7,139 funds
0
Analysts bullish %
of 4 analysts
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
104% more repeat investments, than reductions
Existing positions increased: 106 | Existing positions reduced: 52
84% more first-time investments, than exits
New positions opened: 68 | Existing positions closed: 37
29% more capital invested
Capital invested by funds: $1.02B [Q3] → $1.32B (+$295M) [Q4]
24% more call options, than puts
Call options by funds: $296M | Put options by funds: $239M
8% more funds holding
Funds holding: 243 [Q3] → 263 (+20) [Q4]
5.86% more ownership
Funds ownership: 43.11% [Q3] → 48.97% (+5.86%) [Q4]
33% less funds holding in top 10
Funds holding in top 10: 3 [Q3] → 2 (-1) [Q4]
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$17
84%
upside
Avg. target
$22
138%
upside
High target
$27
192%
upside
4 analyst ratings
4 positive
100%
0 neutral
0%
0 negative
0%
Needham John Todaro 76% 1-year accuracy 53 / 70 met price target | 116%upside $20 | Buy Initiated | 12 Feb 2025 |
HC Wainwright & Co. Mike Colonnese 49% 1-year accuracy 33 / 67 met price target | 192%upside $27 | Buy Reiterated | 7 Feb 2025 |
JP Morgan Reginald Smith 73% 1-year accuracy 19 / 26 met price target | 84%upside $17 | Overweight Upgraded | 10 Dec 2024 |
Macquarie Paul Golding 65% 1-year accuracy 31 / 48 met price target | 159%upside $24 | Outperform Maintained | 4 Dec 2024 |
Financial journalist opinion
Based on 18 articles about CLSK published over the past 30 days
Positive
Seeking Alpha
4 days ago
CleanSpark: Fleet Efficiency Drives Higher Bitcoin Yield
CleanSpark, a bitcoin mining company with a $2.95 billion market cap, transitioned from clean energy to bitcoin mining in December 2020. As of January, CleanSpark owns 10,556 bitcoins and has 873 MW under contract, showcasing strong growth since 2020. CleanSpark leads in several financial metrics which make it an attractive investment among peers.
Positive
Zacks Investment Research
1 week ago
Cleanspark, Inc. (CLSK) Is a Trending Stock: Facts to Know Before Betting on It
CleanSpark (CLSK) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Positive
Benzinga
1 week ago
CleanSpark's Attractive Valuation And Bitcoin Stack Makes It A Buy, Analyst Says
Needham analyst John Todaro initiated coverage on CleanSpark Inc CLSK with a Buy rating and announced a Price Forecast of $20.00.
Positive
Zacks Investment Research
1 week ago
Can CleanSpark (CLSK) Run Higher on Rising Earnings Estimates?
CleanSpark (CLSK) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
Positive
Zacks Investment Research
1 week ago
CleanSpark (CLSK) Recently Broke Out Above the 20-Day Moving Average
After reaching an important support level, CleanSpark (CLSK) could be a good stock pick from a technical perspective. CLSK surpassed resistance at the 20-day moving average, suggesting a short-term bullish trend.
Positive
Zacks Investment Research
1 week ago
CleanSpark (CLSK) Recently Broke Out Above the 50-Day Moving Average
From a technical perspective, CleanSpark (CLSK) is looking like an interesting pick, as it just reached a key level of support. CLSK recently overtook the 50-day moving average, and this suggests a short-term bullish trend.
Positive
Seeking Alpha
1 week ago
CleanSpark's Q1 Results Strengthen The Bull Case
CleanSpark's Q1 results reinforce the bull case, with strong revenue, low mining costs, and improving efficiency, justifying a Strong Buy rating despite recent stock volatility. The company is scaling efficiently, achieving 40 EH/s ahead of schedule, aiming for 50 EH/s by Q2, and maintaining a robust balance sheet. CleanSpark's strategy of mining and holding Bitcoin offers dual paths to capital appreciation, but risks include rising mining difficulty and Bitcoin price volatility.
Neutral
Seeking Alpha
2 weeks ago
CleanSpark, Inc. (CLSK) Q1 2025 Earnings Conference Call Transcript
CleanSpark, Inc. (NASDAQ:CLSK ) Q1 2025 Earnings Conference Call February 6, 2025 4:30 PM ET Company Participants Barbara Domingo - IR Zach Bradford - CEO Gary Vecchiarelli - CFO Conference Call Participants Mike Colonnese - H.C. Wainwright Brian Dobson - Clear Street Brett Knoblauch - Cantor Fitzgerald Tyler DiMatteo - BTIG Stephen Glagola - JonesTrading Bill Papanastasiou - KBW Greg Lewis - BTIG Operator Good afternoon.
Positive
Benzinga
2 weeks ago
CleanSpark Is A High Conviction Name In Bitcoin Mining Sector: Analyst
H.C. Wainwright analyst Mike Colonnese reiterated the Buy rating on CleanSpark, Inc. CLSK, with a price forecast of $27.
Positive
Zacks Investment Research
2 weeks ago
Wall Street Analysts Believe CleanSpark (CLSK) Could Rally 125.72%: Here's is How to Trade
The average of price targets set by Wall Street analysts indicates a potential upside of 125.7% in CleanSpark (CLSK). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.
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