CleanSpark

CleanSpark, Inc. is a Bitcoin mining and energy technology company, which engages in the provision of solutions to modern energy challenge and an advanced energy software and control technology. The company was founded by S. Matthew Schultz on October 15, 1987 and is headquartered in Henderson, NV.

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CleanSpark reports record bitcoin production but faces net loss

CleanSpark demonstrated strong bitcoin production growth but faced a net loss due to market conditions. The company's focus on proprietary mining, energy management, and efficiency positions it well for future growth. By exploring strategic expansion, technology adoption, and potential acquisitions, CleanSpark aims to enhance its competitive edge.

CleanSpark reports strong Q2 earnings, poised for growth and efficiency

CleanSpark's Q2 2023 earnings call showcased robust financial performance, operational advancements, and strategic positioning for growth in the cryptocurrency mining sector.
While facing challenges in sustaining growth momentum and managing operational complexities, the company's strong balance sheet and focus on efficiency offer a solid foundation.
Opportunities lie in expanding hash rate capacity, optimizing infrastructure, and leveraging financial strength for strategic initiatives and market diversification.
Overall, CleanSpark's performance, strengths, and proactive approach to challenges position them well to capitalize on opportunities and navigate the evolving cryptocurrency landscape.

CleanSpark excels in Q3 with strong revenue growth and Bitcoin strategy

CleanSpark's Q3 performance reflects strong revenue growth, improved margins, and enhanced EBITDA, driven by strategic Bitcoin management and operational efficiency.
The company's strengths lie in its financial stability, mining capacity expansion, and commitment to innovation through data center expansions and immersion cooling technology.
While facing challenges in risk management, efficiency optimization, and regulatory uncertainties, CleanSpark is well-positioned to leverage opportunities in market dynamics and technology advancements.

CleanSpark reports record revenue and efficiency gains, eyes strategic growth

CleanSpark's strong financial performance, strategic acquisitions, and focus on efficiency position them well for future growth and expansion.
Challenges lie in improving energy efficiency, executing expansion plans, and navigating potential mergers and acquisitions.
Opportunities abound in enhancing efficiency, exploring M&A for market value maximization, and expanding mining capacity to reach targets.

CleanSpark reports stellar Q1 results, eyes Bitcoin halving opportunities

CleanSpark delivered impressive financial performance, operational achievements, and strategic initiatives in Q1 2024, reflecting strong growth momentum
The company's strengths lie in its robust financial position, operational resilience, and technological capabilities, positioning it well for future success
While facing challenges such as post-halving price impact and market uncertainties, CleanSpark can leverage opportunities in Bitcoin adoption and mining industry growth for sustained growth

CleanSpark achieves record revenue and EBITDA, poised for growth

CleanSpark's Q2 2024 performance reflects robust growth in revenue and EBITDA, driven by bitcoin production and strategic initiatives. The company's strong financial position, expansion into Wyoming, and M&A strategy position it well for future growth and industry consolidation.

CleanSpark exceeds $100M revenue, strengthens mining capabilities with acquisitions

CleanSpark delivered strong financial performance in Q3 2024, surpassing $100 million in revenue and showcasing operational efficiency and market leadership.
While facing a net loss driven by non-cash items, the company's balance sheet remains robust, supported by a significant Bitcoin holding and strategic partnerships.
To sustain profitability, CleanSpark needs to address challenges related to the net loss and focus on optimizing operational costs and mining efficiency while capitalizing on growth opportunities.

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CleanSpark, Inc. is a bitcoin mining technology company, which engages in the management of data centers. Its operations include College Park, Norcross, Washington, Sandersville, Dalton, and Massena. The company was founded by S. Matthew Schultz and Bryan Huber on October 15, 1987 and is headquartered in Henderson, NV.

CleanSpark Inc. and Foundry Digital LLC, a wholly-owned subsidiary of Digital Currency Group Inc. (DCG), have jointly announced that CleanSpark has transitioned all of its bitcoin mining power to Foundry USA Pool.

CleanSpark transitions all of its bitcoin mining power to Foundry USA Pool

SALT LAKE CITY, Sept. 27, 2021 /PRNewswire/ -- CleanSpark, Inc. (Nasdaq: CLSK) (the "Company" or "CleanSpark"), a sustainable bitcoin mining and diversified energy company, and Foundry Digital LLC ("Foundry"), a wholly-owned subsidiary of Digital Currency Group, Inc. ("DCG") focused on digital asset mining and staking, jointly announced that CleanSpark has transitioned all of its bitcoin mining power to Foundry USA Pool.

CleanSpark Transitions Over One Exahash of Sustainable Bitcoin Mining Power to Foundry USA Pool

Analysts at Water Tower Research said CleanSpark Inc “is well-positioned to capitalize” on the long-term secular growth trend in the microgrid markets. CleanSpark's software - mPluse and mVSO (Microgrid Value Stream Optimizer) - enables a microgrid to be scaled to the user's specific needs and can be used by agricultural, commercial, industrial enterprises as well as the military and municipal governments, and residential users.

Water Tower Research says CleanSpark ‘well-positioned to capitalize' on microgrid market growth while scaling its Bitcoin mining operations

SALT LAKE CITY, Sept. 20, 2021 (GLOBE NEWSWIRE) -- CleanSpark, Inc. (Nasdaq: CLSK) (the "Company" or "CleanSpark"), a sustainable bitcoin mining and diversified energy company announced today that Matthew Schultz, Executive Chairman, will participate in a fireside chat at the BTIG Future of Digital Assets Conference Wednesday, September 22.

CleanSpark's Executive Chairman to Participate in Fireside Chat on Bitcoin Mining at BTIG Conference

CleanSpark Inc has outlined the benefits of nearly $145 million of investment to the community of Gwinnett County in Georgia, as it announced a tie-up with the public-private initiative Partnership Gwinnett as the company brings its data center to the city of Norcross. In August this year, the firm closed on the acquisition of the 87,000 square foot (sq ft) , seven acre, data center in Norcross, Georgia, to substantially increase the company's Bitcoin mining operation.

CleanSpark working with Partnership Gwinnett as it announces $145 million investment into the Georgia county

SALT LAKE CITY, Sept. 16, 2021 (GLOBE NEWSWIRE) -- CleanSpark, Inc. (Nasdaq: CLSK) (the "Company" or "CleanSpark"), a sustainable bitcoin mining and diversified energy company, joined Partnership Gwinnett to announce expected capital and human investments of nearly $145 million over the next five years at CleanSpark's data center in Norcross, Georgia.

CleanSpark Joins with Partnership Gwinnett to Announce $145 Million in Capital and Human Investments

Cleanspark Inc (NASDAQ:CLSK) is trading higher Monday after the company announced that CEO Zach Bradford will participate in Water Tower Research's Sustainable Investing Fireside Chat Series to discuss the company's Bitcoin (CRYPTO: BTC) mining operations on Aug. 24. The fireside will take a deep dive into CleanSpark's bitcoin mining operation focusing on the recent increase in bitcoin production and hashrate capacity, the associated margin opportunity, and outlook for this business.

Why Cleanspark Shares Are Trading Higher Today

SALT LAKE CITY, Aug. 23, 2021 (GLOBE NEWSWIRE) -- CleanSpark, Inc. (Nasdaq: CLSK) (the “Company” or “CleanSpark”), a sustainable bitcoin mining and diversified energy company, announced today that CEO Zach Bradford will participate in Water Tower Research's Sustainable Investing Fireside Chat Series on Tuesday, August 24, 2021, at 1:30 p.m. EDT.

CleanSpark to Discuss its Bitcoin Mining Growth with Water Tower Research

CleanSpark Inc, a Nevada-based energy technology and clean Bitcoin mining firm, has released its smart residential microgrid solution, mVoult to customers in California. Designed for homes and small businesses, mVoult is built off of the same platform as CleanSpark's existing, patented mPulse product, which the firm says is “tough enough for the military and is also flexible enough to be used in commercial, industrial, and estate home applications.

CleanSpark introduces smart residential microgrid with mobile app to Californians

SALT LAKE CITY, Aug. 19, 2021 /PRNewswire/ --  CleanSpark, Inc. (Nasdaq: CLSK) (the "Company" or "CleanSpark"), a diversified software, services, and Bitcoin mining company, today announced an update to ongoing roll-out of mVoult, the Company's smart energy system and companion mobile app designed specifically for homes and small businesses. CleanSpark's Residential Microgrid Solution, mVoult Available for California Customers.

CleanSpark Rolls Out Smart Residential Microgrid Solution and Mobile App, mVoult

Shares of CleanSpark (CLSK), an energy-technology and cryptocurrency-mining company, dropped significantly in Tuesday's trading session after it reported Q3 earnings.

Why CleanSpark (CLSK) Stock Got Crushed Today

CleanSpark Inc (NASDAQ: CLSK) shares are trading lower Tuesday after the company announced worse-than-expected second-quarter financial results. The company reported a quarterly loss of $0.38 per share, below the earnings estimate of $0.07 cents per share.

CleanSpark Energy May Have Broken Below A Key Support Level

Revenue is growing, but the company shocked investors with the size of its quarterly loss.

Why CleanSpark Stock Got Hammered Today

Cleanspark Inc (NASDAQ:CLSK) is trading lower Tuesday after the company announced worse-than-expected financial results.  Cleanspark reported a quarterly earnings loss of 38 cents per share, which came in below the estimate for earnings of 7 cents per share.

Why Cleanspark Shares Are Trading Lower Today

CleanSpark, Inc. has reported results for the three and nine-month periods ended June 30, 2021, showing very strong revenue growth and a big boost to working capital.

CleanSpark posts results for three and nine-month periods ended June 30, 2021, showing very strong revenue growth and a big boost to working capital

SALT LAKE CITY, Aug. 17, 2021 /PRNewswire/ -- CleanSpark, Inc. (Nasdaq: CLSK) (the "Company"), a clean Bitcoin mining and diversified software and services company, yesterday reported results after the close of the US markets for the three and nine months ended June 30, 2021. August Bitcoin Run-Rate to Achieve Annualized Revenue of $137M to $154M, with Significant Expansion Anticipated.

CleanSpark, Inc. Reports Financial Results for its Third Quarter Ended June 30, 2021

CleanSpark, Inc. (CLSK) CEO Zach Bradford on Q3 2021 Results - Earnings Call Transcript

CleanSpark, Inc. said it has closed on the acquisition of an additional nearly 87,000 square foot data center in Norcross, Georgia, to substantially increase the company's Bitcoin mining operation.

CleanSpark closes acquisition of an additional nearly 87,000 square foot data center in Georgia, substantially increase its Bitcoin mining operation

SALT LAKE CITY, Aug. 10, 2021 /PRNewswire/ -- CleanSpark, Inc. (Nasdaq: CLSK) (the "Company" or "CleanSpark"), a clean Bitcoin mining and diversified software and services company, today announced that it has closed on its acquisition of an additional nearly 87,000 square foot data center in Norcross, Georgia, to substantially increase the Company's Bitcoin mining operation. CleanSpark's Newest 20MW Bitcoin Mining Facility Expected to Boost Total Daily Bitcoin Production to 18 BTC Per Day.

CleanSpark Acquires Second Data Center to Increase Bitcoin Mining Capacity

Bitfarms Ltd

BIT Mining Limited

Coinbase

Riot Blockchain

Block

Today's news, however, is insignificant compared to what's coming in a couple weeks.

Why Bitcoin Mining Stocks Were Soaring on Monday

SALT LAKE CITY, Aug. 04, 2021 (GLOBE NEWSWIRE) -- CleanSpark, Inc. (Nasdaq: CLSK) (the "Company" or "CleanSpark"), a clean Bitcoin mining and a diversified software and services company, today announced that it will hold the Company's third quarter 2021 live virtual earnings presentation and business update for investors and analysts on August 16, 2021 at 1 p.m. PST/4 p.m. EST.

CleanSpark Announces its Third Quarter 2021 Earnings Call Date and Time

CleanSpark, Inc. has announced updates to a number of strategic initiatives related to its Bitcoin and Energy business units.

CleanSpark updates on a number of strategic initiatives related to its Bitcoin and Energy business units

SALT LAKE CITY, Aug. 3, 2021 /PRNewswire/ -- CleanSpark, Inc. (Nasdaq: CLSK) (the "Company" or "CleanSpark"), a clean Bitcoin mining and a diversified software and services company, today announced updates to a number of strategic initiatives related to its Bitcoin and Energy business units. CLSK Tops 6 Bitcoin Per Day, Deploys 200 MicroGrid Batteries.

CleanSpark Provides Updates on Bitcoin Mining and Energy Operations

SALT LAKE CITY, July 15, 2021 (GLOBE NEWSWIRE) -- CleanSpark, Inc. (Nasdaq: CLSK) (the “Company” or “CleanSpark”), a diversified software, services and clean Bitcoin mining company, today announces its exhibition of CleanBlok at Mining Disrupt® on July 21st in Miami, Florida. CleanSpark is also a sponsor of this year's conference.

CleanSpark's 95% Carbon-Free Bitcoin Mining Division to Showcase at Mining Disrupt®

Bitcoin miner Cleanspark Inc (NASDAQ: CLSK) collaborated with environmental, social, and corporate governance (ESG) focused digital currency data center operator Coinmint to deploy nearly 25 MW of its Bitmain S19 Pro miners at a Coinmint operated location. The financial terms of the partnership remain undisclosed.

News for CleanSpark Stock (CLSK)