CLSK icon

CleanSpark

11.14 USD
+0.23
2.11%
At close Dec 20, 4:00 PM EST
After hours
11.30
+0.16
1.44%
1 day
2.11%
5 days
-9.72%
1 month
-20.43%
3 months
23.92%
6 months
-41.89%
Year to date
2.39%
1 year
6.20%
5 years
113.41%
10 years
113.41%
 

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 6,809 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]

3.79% less ownership

Funds ownership: 46.11% [Q2] → 42.32% (-3.79%) [Q3]

40% less capital invested

Capital invested by funds: $1.68B [Q2] → $1.01B (-$671M) [Q3]

Research analyst outlook

4 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target
$17
53%
upside
Avg. target
$23
104%
upside
High target
$27
142%
upside

4 analyst ratings

positive
100%
neutral
0%
negative
0%
JP Morgan
Reginald Smith
54% 1-year accuracy
14 / 26 met price target
53%upside
$17
Overweight
Upgraded
10 Dec 2024
Macquarie
Paul Golding
80% 1-year accuracy
36 / 45 met price target
115%upside
$24
Outperform
Maintained
4 Dec 2024
HC Wainwright & Co.
Mike Colonnese
62% 1-year accuracy
38 / 61 met price target
142%upside
$27
Buy
Reiterated
3 Dec 2024
Cantor Fitzgerald
Brett Knoblauch
70% 1-year accuracy
54 / 77 met price target
106%upside
$23
Overweight
Reiterated
3 Oct 2024

Financial journalist opinion

Based on 20 articles about CLSK published over the past 30 days

Positive
MarketBeat
22 hours 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.
MicroStrategy Joins Nasdaq-100: 2 Crypto Stocks Set to Win
Neutral
PRNewsWire
3 days 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").
CleanSpark, Inc. Announces Closing of Offering of $650 Million Zero-Coupon Convertible Notes
Neutral
PRNewsWire
1 week 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").
CleanSpark, Inc. Announces Pricing of $550 Million Convertible Notes Offering
Neutral
PRNewsWire
1 week 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.
CleanSpark, Inc. Announces Proposed Private Offering of $550 Million of Convertible Notes
Negative
Zacks Investment Research
1 week 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.
Bear of the Day: CleanSpark (CLSK)
Neutral
Zacks Investment Research
1 week 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.
Is CleanSpark (CLSK) a Buy as Wall Street Analysts Look Optimistic?
Positive
Benzinga
1 week 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.
Bitcoin Miners CleanSpark, Cipher Mining Win JPMorgan Support For Growth, Efficiency Edge
Positive
Investors Business Daily
2 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.
Bitcoin Powers Past $100K; Crypto Stocks Rally, Analysts React
Positive
Benzinga
2 weeks ago
Bitcoin Miner CleanSpark Has 'Solid, Albeit Relatively Quiet' Quarter, Ready For Growth, Says Analyst
CleanSpark Inc CLSK shares were down on Tuesday, even after the company reported upbeat fourth-quarter results.
Bitcoin Miner CleanSpark Has 'Solid, Albeit Relatively Quiet' Quarter, Ready For Growth, Says Analyst
Neutral
PRNewsWire
2 weeks ago
CleanSpark Releases November 2024 Bitcoin Mining Update
Mines 622 bitcoin and achieves daily production high of over 21 bitcoin Increases hashrate and efficiency month over month by over 7% and 6% respectively LAS VEGAS , Dec. 3, 2024 /PRNewswire/ -- CleanSpark Inc. (Nasdaq: CLSK), America's Bitcoin Miner® (the "Company"), today released its unaudited bitcoin mining and operations update for the month ending November 30, 2024. "Our teams have been relentlessly executing, making progress towards our year-end hashrate goal of 37 EH/s while improving our efficiency," said CleanSpark CEO Zach Bradford.
CleanSpark Releases November 2024 Bitcoin Mining Update
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