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 (NASDAQ:CLSK), a diversified software, services and bitcoin mining company, said it has struck an agreement with new partner Coinmint to potentially deploy nearly 25 megawatts (MW) of its highly efficient Bitmain S19 Pro miners at a location operated by Coinmint. The Salt Lake City, Nevada-based company said it plans to deploy around 750 PH/s in hashrate capacity at Coinmint's facility in Massena, New York between July and September this year.

CleanSpark strikes agreement with ESG-focused crypto miner Coinmint

SALT LAKE CITY, July 14, 2021 /PRNewswire/ -- CleanSpark, Inc. (Nasdaq: CLSK) (the "Company" or "CleanSpark"), a diversified software, services and Bitcoin mining company, today announced that it has entered into an agreement with a new partner, Coinmint, pursuant to which it expects to deploy nearly 25 MW of its highly efficient Bitmain S19 Pro miners at a location operated by Coinmint. CleanSpark, Coinmint to Collaborate on Bitcoin Mining Zero-Carbon Solutions, Equipment Deployment.

CleanSpark Announces Agreement with ESG-Focused Crypto-Miner, Coinmint

Company Executive Chairman Will Also Present in Renmark's Virtual Roadshow Company Executive Chairman Will Also Present in Renmark's Virtual Roadshow

CleanSpark CEO to Participate in Water Tower Research Fireside Chat

The Bitcoin network hash rate decline is a silver lining for companies like CleanSpark (CLSK) as they would have a higher mining output than currently priced in by the market. Technicals and valuation metrics like the stock to flow model signal bullish rebound is just a matter of time.

CleanSpark: A Clever Way To Play Bitcoin FUD

CleanSpark Inc (NASDAQ:CLSK) has announced the operating results of a microgrid project recently commissioned in San Diego, saying it resulted in a significant decrease in operational costs. The diversified software, services, and bitcoin mining company, and wholly owned subsidiary Solar Watt Solutions, partnered with RSI Roofing on implementation of the solar-plus-storage microgrid system.

CleanSpark updates performance of newly commissioned Southern California microgrid

Solar and Storage Microgrid Project Delivers Significant First Month Energy Cost Savings Solar and Storage Microgrid Project Delivers Significant First Month Energy Cost Savings

CleanSpark Updates Performance of Newly-Commissioned Southern California Microgrid

CleanSpark Inc (NASDAQ:CLSK) said its stock will be added to the Russell 2000 Index at the market open on June 28, 2021.  The company also announced the appointment of blockchain veteran Bernardo Schucman as senior vice president of its Atlanta-based Bitcoin mining center.

CleanSpark joins the Russell 2000 Index; appoints blockchain expert Bernardo Schucman as senior vice president

Bernardo Schucman to Lead CleanSpark's Atlanta Bitcoin Mining Center as the Company Expands its Bitcoin Mining Data Operations Bernardo Schucman to Lead CleanSpark's Atlanta Bitcoin Mining Center as the Company Expands its Bitcoin Mining Data Operations

CleanSpark Named to Russell 2000® Index and Welcomes Blockchain Expert Bernardo Schucman as Senior Vice President

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Why Grayscale Bitcoin Trust, Canaan, and CleanSpark Stocks Just Popped on Elon Musk's Tweet

Due to their recent move to bitcoin mining, some investors interpret this as a change of focus for the company. Further, the mining industry is far riskier than the microgrid industry, leading to worry about future potential.

CleanSpark: Addressing Bitcoin Price Decline Impact And Quarterly Update

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SALT LAKE CITY, June 04, 2021 (GLOBE NEWSWIRE) -- CleanSpark, Inc. (Nasdaq: CLSK) (the “Company” or “CleanSpark”), a diversified software, services, and clean Bitcoin mining company today announced that CEO Zach Bradford and Executive Chairman Matt Schultz will be participating in the Water Tower Research Virtual Conference and Fireside Chat Series on Monday, June 7, 2021, at 1:00 pm ET.

CleanSpark Management to Appear in Water Tower Research Fireside Chat

Pioneer Power Solutions

Cleanspark Inc (NASDAQ: CLSK) has extended its contract manufacturing agreement with Pioneer Power Solutions, Inc (NASDAQ: PPSI). Pioneer Power can utilize Cleanspark's proprietary software products, including mPulse and GridFabric's OpenADR solutions under the arrangement.

Cleanspark, Pioneer Power Expand Contract Manufacturing Partnership; Cleanspark Becomes Think Microgrid Member

CleanSpark Inc (NASDAQ:CLSK) said it has extended and expanded a contract manufacturing agreement with Pioneer Power Solutions Inc (NASDAQ:PPSI) through to the end of 2023.  The software, services, and clean Bitcoin mining firm said as part of the new agreement, Pioneer Power has been granted expanded rights to utilize CleanSpark's proprietary software products, including mPulse and GridFabric's OpenADR solutions.

CleanSpark expands agreement with Pioneer Power Solutions, joins industry grouping

SALT LAKE CITY, June 03, 2021 (GLOBE NEWSWIRE) -- CleanSpark, Inc. (Nasdaq: CLSK) (the “Company” or “CleanSpark”), a diversified software, services, and clean Bitcoin mining company today announced that it had extended and expanded its contract manufacturing agreement with Pioneer Power Solutions, Inc., (Nasdaq: PPSI). The Company is also proud to announce its membership in Think Microgrid, a group of leading Microgrid and Energy companies, organized to advance state and federal policies.

CleanSpark Announces New Developments in its Microgrid Division

SAN DIEGO & WOODS CROSS, Utah--(BUSINESS WIRE)---- $CLSK #ClassAction--Shareholder rights law firm Robbins LLP is investigating CleanSpark, Inc. (NASDAQ: CLSK) to determine whether certain CleanSpark officers and directors violated the Securities Exchange Act of 1934 and breached their fiduciary duties to the Company. CleanSpark provides advanced software and controls technology solutions, including end-to-end microgrid energy modeling, energy market communications, and energy management solutions. If you suffered a

SHAREHOLDER ALERT: Robbins LLP is Investigating CleanSpark, Inc. (CLSK) on Behalf of Shareholders

CleanSpark Inc (NASDAQ:CLSK) announced it has entered into a collaborative memorandum of understanding (MOU) with Swiss wind turbine technology company FlowGen Ltd, in which the latter has agreed to use CleanSpark's mPulse controls solution in all of its microgrid projects globally. CleanSpark said it believes that by blending its software and controls technologies with FlowGen's wind-centric microgrid solutions it will enable the two companies to deliver reliable, efficient and resilient systems to their collective customer base.

CleanSpark partners with wind turbine tech company FlowGen for efficient renewable energy generation

SALT LAKE CITY, May 27, 2021 /PRNewswire/ -- CleanSpark, Inc. (Nasdaq: CLSK) (the "Company" or "CleanSpark"), a diversified software, services, and Bitcoin mining company, and FlowGen Ltd. ("FlowGen") an international wind turbine technology company, based in Zug, Switzerland, today announced they have entered into a collaborative memorandum of understanding ("MOU").

CleanSpark Executes Partnership with FlowGen Adding Advanced Renewables to Business Portfolio

CleanSpark Inc. (NASDAQ:CLSK) said it has completed the purchase of the six-acre property which houses ATL Data Centers LLC and the 41,387 square foot data center building. As a part of the transaction in December of 2020, CleanSpark acquired the existing Bitcoin mining ‘mobile data centers' within the facilities.

CleanSpark completes purchase of six-acre property which houses ATL Data Centers and the data center building

SALT LAKE CITY, May 26, 2021 (GLOBE NEWSWIRE) -- CleanSpark, Inc. (Nasdaq: CLSK)(“CleanSpark” or the “Company”), a diversified energy services and Bitcoin mining company, focused on solving modern energy challenges, today announced that it had completed the purchase of the six acre property which houses ATL Data Centers LLC and the 41,387 square foot data center building.

CleanSpark Finalizes Purchase of ATL Data Center Real Estate

CleanSpark Inc (NASDAQ:CLSK) has been winning praise from International Land Alliance Inc (OTCQB:ILAL), a land investment and development firm.  CleanSpark serves as the exclusive partner for the engineering, design, development, and controls of all renewable energy solutions across ILA's property portfolio, including the company's advanced solar-plus-storage power solutions at ILA's Plaza Bajamar development in Mexico.

CleanSpark wins praise for its solar micro grid system at Mexican resort; Solar Watt Solutions subsidiary inks California partnership

The partnership brings cost-effective renewable electric & thermal solar panels to Malibu, Santa Barbara and San Fernando Valley customers The partnership brings cost-effective renewable electric & thermal solar panels to Malibu, Santa Barbara and San Fernando Valley customers

Solar Watt Solutions and FAFCO Team Up To Expand CoolPV Solar Operations in Southern California

SALT LAKE CITY, May 17, 2021 (GLOBE NEWSWIRE) -- CleanSpark, Inc. (Nasdaq: CLSK)(“CleanSpark” or “the Company”), a diversified energy services and Bitcoin mining company, focused on solving modern energy challenges, today announced that CEO Zach Bradford will be participating in the Water Tower Research Virtual Conference and Fireside Chat Series on Tuesday, May 18, 2020, at 3:00 pm ET.

CleanSpark to Participate in Water Tower Research Fireside Chat Series on CleanSpark's Bitcoin Mining and Enterprise Computing Initiative Towards Zero-Emissions

CleanSpark Inc (NASDAQ:CLSK), a diversified energy services and Bitcoin (CRYPTO: $BTC) mining company headquartered in Salt Lake City, has purchased 2,400 additional S19-Pro rigs to further increase the hashrate efficiency of its mining fleet. What Happened: The new miners are scheduled for delivery and installation next month at the company's Bitcoin mining facility in Atlanta, replacing older-generation equipment that will be put up for sale.

News for CleanSpark Stock (CLSK)